Statutes/Guidelines
Wisconsin laws
SWIB was created under section
15.76 of the Wisconsin Statutes, which
designates the requirements for the nine-member Board of Trustees that govern
SWIB.
The purpose and standards of responsibilities for the Board as manager of the State's trust funds are provided in chapter 25
of the statutes or as a printable PDF
copy.
To be eligible as a minority broker, a firm must be certified by the Wisconsin
Economic Development Corporation under
§. 560.036 as a minority owned business enterprise in Wisconsin. (Printable PDF copy)
Open Records
Open records procedure (PDF) provides
information for accessing SWIB records. Contact SWIB by email, by mail
at PO Box 7842, Madison, WI 53707-7842; by FAX at 608-266-2436 or by calling
Vicki Hearing at 608-261-2415.
Investment Guidelines
Investment Guidelines (PDF) provide the
general guidelines for the Wisconsin Retirement System portfolio and
investment guidelines for the State Investment Fund and other trust funds.
Placement Agent Policy
SWIB has hired StepStone Group to advise SWIB in evaluating investments in the
private equity marketplace, and to manage existing investments. SWIB believes
that StepStone Group has very comprehensive coverage of the universe of
opportunities available to SWIB and, together, SWIB and StepStone Group work to
perform all necessary due diligence before SWIB makes any new investments. SWIB
recognizes that many private market fund managers use a placement agent to
identify sources of capital, which could be located anywhere in the world. SWIB,
however, never hires a placement agent to find investments, and SWIB never pays
any fees to a placement agent. If, however, SWIB is contacted by a placement
agent or a registered lobbyist regarding a potential investment or if a
placement agent is otherwise involved in a fund investment, SWIB has a number of
institutional controls in place to ensure full reporting of any potential
conflicts of interest and to ensure that no SWIB board member or staff person
benefits personally from any SWIB investment. All of SWIB’s investments are made
within the context of SWIB’s fiduciary responsibility to the funds it manages.
Proxy voting Guidelines
Proxy Voting Guidelines (PDF) provide the general
guidelines that govern SWIB’s voting of proxies and corporate governance
activities.