Wisconsin Retirement System

State retirement systemstate general· Wisconsin

State retirement system, based in Wisconsin, reporting $163B in assets, for 683,806 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$163B
Private allocation
47.0%
Fund commitments
85
Managers
15
As of · the latest dated event for this allocator; each figure carries its own filing or report date

What matters now

  1. $830M
    approved, 3 funds

    $830M approved across 3 funds on 9 Sep 2026: DE Shaw WAE CTF $353M, CC&L (VTF to CTF) $277M, CC&L CTF $200M.

    9 Sep 2026 · The board's newest commitments, the managers it is backing now.

    Factboard minutes, 9 Sep 2026For GPs raising in these strategies, placement agentsBoard record →

51 more people, 27 more managers, 87 more commitments and 105 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

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People to know

View all people
  • Private Markets & Funds Alpha Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Executive Director/Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Head of Private Debt & Venture Capital
    Why: Heads an investment area
    No route on file yet

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
All 54
Wisconsin Retirement System
Funds committed to
All 30
Managers
All 30

Relationship network

167 connected entities90 observed commitments12 repeat counterparties$6.1B disclosed commitments (82 commitments)10 dated commitments shown here, 2025 to 2026

From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Fund or vehicle
  • Person

Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$163B
Total assets, Jun 30, 2024 derived
Funded
not on record
not filed
Private markets target
47.0%
policy Dec 31, 2025
Commitments
85
78 dated closings
Allocation policy
ACFR, as of Dec 31, 2025
Asset class (as printed)BucketTargetRangeActualGapBasis
Cash & OverlaysCash-10.0%reported swib.state.wi.us
Fixed IncomeFixed income27.0%reported swib.state.wi.us
Multi-AssetMulti-asset0.0%reported swib.state.wi.us
Private EquityPrivate equity20.0%reported swib.state.wi.us
StocksPublic equity36.0%reported swib.state.wi.us
Inflation SensitiveReal assets19.0%reported swib.state.wi.us
Real EstateReal estate8.0%reported swib.state.wi.us
Policy periods on the tape: Dec 31, 2025 (ACFR), Dec 31, 2024 (ACFR). Target changes between periods are on the what changed list.
Consultants and advisers
No adviser relationship is on the tape for this allocator. Public systems name theirs in the ACFR; plans list them on Schedule C.
Decision makers
who to call first about an allocation, and why; then everyone else by function
  • Anne-Marie Fink · Private Markets & Funds Alpha Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Edwin Denson · Executive Director/Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Chris Prestigiacomo · Head of Private Debt & Venture Capital
    Why this person: Heads an investment area; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

People
54 roles
Chief investment officer
Edwin Denson
Executive Director/Chief Investment Officer (Dec 31, 2025) swib.state.wi.us
Edwin Denson Executive Director/Chief Investment Officer

+51 more people on the investment staff and board

Every name, title and published role at this allocator, with the page it was read from.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Manager roster
30 managers on the commitment tape
From the plan’s own commitment disclosures

+27 more managers received commitments

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What changed
110 events
  • Sep 9, 2026Commitment approved
    State of Wisconsin Investment Board (SWIB), Wisconsin Retirement System reports as committed $50M to Taula
  • Sep 9, 2026Commitment approved
    State of Wisconsin Investment Board (SWIB), Wisconsin Retirement System approves $200M to CC&L CTF
  • Sep 9, 2026Commitment approved
    State of Wisconsin Investment Board (SWIB), Wisconsin Retirement System approves $75M to Align Capital Partners IV
  • Sep 9, 2026Commitment approved
    State of Wisconsin Investment Board (SWIB), Wisconsin Retirement System approves $19M to Align Collaborate Fund II (Align Capital Partners)
  • Sep 9, 2026Commitment approved
    State of Wisconsin Investment Board (SWIB), Wisconsin Retirement System approves $50M to Ares Global Structured Solutions

+105 more dated events

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
90 rows, 8 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Sep 9, 2026DE Shaw WAE CTFseparate accountDE Shawn/a$353MApprovedswib.state.wi.us
as of Sep 9, 2026CC&L (VTF to CTF)separate accountCC&Ln/a$277MApprovedswib.state.wi.us
as of Sep 9, 2026CC&L CTFseparate accountCC&Ln/a$200MApprovedswib.state.wi.us

+87 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Size and funding
57 readings
Total assets
$163B Jun 30, 2024 derived Census ASPP
$148B (2023-06) · $175B (2022-06)
Fiduciary net position
$128B Jun 30, 2024 reported Census ASPP
$118B (2023-06) · $142B (2022-06)
Long-term investments
$158B Jun 30, 2024 reported Census ASPP
$143B (2023-06) · $169B (2022-06)
Total pension liability
$1.5B Jun 30, 2024 reported Census ASPP
$5.3B (2023-06) · -$8.1B (2022-06)
Discount rate
6.80% Jun 30, 2024 reported Census ASPP
6.80% (2023-06) · 6.80% (2022-06)
Participants
683,806 Jun 30, 2024 derived Census ASPP
670,165 (2023-06) · 663,323 (2022-06)
Active members
264,585 Jun 30, 2024 derived Census ASPP
260,504 (2023-06) · 258,647 (2022-06)
Beneficiaries
229,091 Jun 30, 2024 reported Census ASPP
224,644 (2023-06) · 226,605 (2022-06)
Benefits paid
$7.2B Jun 30, 2024 reported Census ASPP
$6.9B (2023-06) · $6.4B (2022-06)
Investment expense
$1.7B Jun 30, 2024 reported Census ASPP
$779M (2023-06) · $1.2B (2022-06)
Commitment history
85 decisions the board record started
VehicleManagerAmountStateProposedApprovedClosedFirst reportedOther LPs
FW Project Lorenzn/a$30.0Mclosed-Jun 17, 2026Mar 31, 2026--
LibreMax CLOLibremax Capital, LLC$20.0Mclosed-Jun 17, 2026Mar 31, 2026--
Artisan InternationalArtisan Partners$63.0Mclosed-Jun 17, 2026Mar 31, 2026--

+82 more board decisions

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Provenance
Identifiers: Census PID6 226308
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Oct 1, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: funded ratio.

Capital chain

Wisconsin Retirement System sits on 42 traced paths of capital across the graphs.

Allocator commitments to a managerAllocator to PE fund to manager to companyAllocator to VC fund to manager to company

DFX traced 42 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Record history

116 dated events on the change ledger, latest event first
  • Commitment approved
    2026-09-09source on record
  • Commitment approved
    2026-09-09source on record
  • Commitment approved
    2026-09-09source on record

+113 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+45 connections on the graph

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