State of Wisconsin Investment Board (SWIB)

About this data

Holdings as this LP reports them, fund by fund. Amounts are the market value it reports for each holding; the report gives no commitments. As of December 31, 2025. Source: SWIB Retirement Funds Schedule of Investments: Private Fund Investments. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.

Holdings only: the Private Fund Investments section of SWIB's annual Retirement Funds Schedule of Investments lists each private fund held by the Core Retirement Investment Trust Fund with only its "Fair Value" at December 31, shown here as the market value in whole dollars as printed. It reports no commitment, contributions, distributions, vintage year, multiple or IRR per fund, so committed, paid-in, distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. The section is not limited to private equity and venture capital: SWIB's annual report says Private Fund Investments include private equity (it names leveraged buyout, growth equity, venture capital, distressed debt, private debt and secondaries strategies) and real estate (core, value and opportunistic), and the list includes real estate holdings under the name of a property, joint venture or separate account. The schedule does not say which asset class a fund belongs to, so all 600 named funds are included, with names as printed (capitals, abbreviated); 7 funds have a negative fair value, as printed. Left out are the section's aggregate rows, which are not funds: "CO-INVESTMENTS (in aggregate)" ($3,595,953,422) and "VENTURE CAPITAL SECURITIES (in aggregate)" ($2,939,449,212). With them the rows add up to the printed TOTAL PRIVATE FUND INVESTMENTS of $36,927,086,083. Hedge funds are in the schedule's Multi Asset and Other section, which is not imported.