State of Wisconsin Investment Board

Name

State of Wisconsin Investment Board

Legal name

State of Wisconsin Investment Board

Website

https://swib.state.wi.us

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Public Pension Fund Management

NAICS

Pension Funds (525110), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

Keywords

• Public pension management
• Investment management services
• Retirement system administration
• Asset management
• Pension fund management

Headquarters

HQ city

Madison

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Pension Fund Management: SWIB manages the Wisconsin Retirement System (WRS), a fully-funded public pension system. Revenue comes from investment management fees paid from the trust funds. SWIB operates as a cost-effective alternative to external asset managers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

SWIB manages the Wisconsin Retirement System (WRS) trust funds, the State Investment Fund (SIF), and other state trust funds. It invests across public equities, fixed income, real estate, private equity, and hedge funds, providing diversified investment management for over 703,000 WRS participants including state employees, university system employees, school district employees, and local government employees. Investment management is conducted internally by SWIB's professional staff and supplemented by external money manager firms.

Product overview

State of Wisconsin Investment Board (SWIB) offers investment management services through its Core Fund (a diversified balanced fund with stocks, bonds, real estate, and private equity) and Variable Fund (a stock-only option), alongside the State Investment Fund for cash management. The organization provides Wisconsin-focused investment portfolios (Private Debt and Venture Capital), a corporate governance program, and educational content via The SWIB Podcast. These products and services work together to manage the Wisconsin Retirement System trust funds for over 703,000 beneficiaries.

Differentiator

Problem solved

Functional benefit

Products and services

• Core Fund
• Variable Fund
• State Investment Fund (SIF)
• Wisconsin Private Debt Portfolio
• Wisconsin Venture Capital Portfolio
• Corporate Governance Program

Quantifiable outcome

• $3.8 billion generated above benchmark returns over 5 years
• +4 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Florida State Board of Administration (SBA): The Florida SBA manages Florida's public pension assets (FRS) and other state funds. Directly comparable to SWIB as a state-level investment board managing multiple public fund mandates including pension and operating cash, with similar governance and scale.
• Washington State Investment Board (WSIB): WSIB manages pension assets for Washington state public employees and other state trust funds. A directly comparable state-level public pension investment organization with a similar governance structure (board appointed by the governor), multi-asset class mandate, and internal management focus.
• Investment Management Corporation of Ontario (IMCO): IMCO manages pension and endowment assets for Ontario's broader public sector. Todd Mattina (SWIB's Head Economist) previously served as IMCO's Chief Economist and Chief Strategist, reflecting direct talent flow between the two organizations and similar institutional investment mandates.
• New York State Common Retirement Fund: One of the largest US public pension funds, managing assets for New York state and local public employees. Directly comparable to SWIB as a state-level public pension fund with a similar institutional asset management mandate and multi-asset class investment approach.
• California Public Employees' Retirement System (CalPERS): CalPERS is the largest US public pension fund, managing retirement assets for California public employees. It is a direct peer to SWIB as both are US state-level pension fund managers investing across public and private markets on behalf of public sector workers, with similar governance structures and multi-asset class mandates.
• Teacher Retirement System of Texas (TRS): TRS is among the largest US public pension funds, managing retirement assets for Texas public educators. Comparable to SWIB as a state-level public pension fund with a similar participant base (public sector/education employees) and institutional investment approach.
• California State Teachers' Retirement System (CalSTRS): CalSTRS manages pension assets for California public school teachers and is among the top US public pension funds. Directly comparable to SWIB as a public pension fund manager with similar asset allocation breadth and a defined benefit mandate for public sector employees.
• Canada Pension Plan Investment Board (CPPIB): CPPIB is one of the largest pension fund managers globally and a direct peer to SWIB. Notably, several SWIB senior leaders (Edwin Denson, Todd Mattina) previously held senior roles at CPPIB, reflecting the shared institutional culture and large-scale pension investment approach across public and private markets.
• Ontario Teachers' Pension Plan Board (OTPP): OTPP is a large Canadian public pension fund manager and one of the most sophisticated globally. Comparable to SWIB as a large-scale, internally managed public pension fund operating across diversified asset classes with a long-term horizon and active direct investing capabilities.
• University of Texas/Texas A&M Investment Management Company (UTIMCO): UTIMCO is the investment manager for the University of Texas and Texas A&M Systems endowments and other funds. Directly comparable to SWIB as a large public-sector investment organization with similar internal management, multi-asset class mandate, and institutional scale; notably partnered with SWIB in the Dockside Platforms initiative.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• YouTubemusic.youtube.com/channel/UCluJ86nUyzJ5A7dg7NZR4Zg
• LinkedInlinkedin.com/company/the-state-of-wisconsin-investment-board

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments36 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about State of Wisconsin Investment Board