Core	7.5%
Variable	12.7%

Wisconsin Private Debt

The Wisconsin Private Debt Program has been part of SWIB's investment strategy since the 1960s. Often times, smaller companies that can not get the attention of very large investors may find sources of senior and subordinated debt financing through SWIB’s Private Debt portfolio.

SWIB can also be a good partner with the company’s banks, providing the long-term loan that complements the bank’s short-term financing, but does not compete with the bank to provide other financial services.

The portfolio provides long-term, senior fixed-rate loans and subordinated loans to operating businesses that can demonstrate the ability to repay their debt. Wisconsin companies must pass the same credit tests that are used to evaluate companies outside the state. Wisconsin companies can qualify for senior loans as small as $5 million and subordinated loans as small as $3 million. Financing is primarily provided to businesses:

• Headquartered in Wisconsin

• Operating in Wisconsin

• Intending to invest proceeds in Wisconsin

SWIB will consider some regional transactions as investments for its private debt portfolio.

Criteria and requirements for the Wisconsin Private Debt Program.