Badger Fund of Funds preparing to launch

The Wisconsin Department of Administration has reported that the Badger Fund of Funds, managed by Sun Mountain Kegonsa LLC, is getting ready to launch its first venture capital funds in Madison, Oshkosh, Green Bay, and Vilas County. The Fund of Funds is a limited partnership formed by the state and seeded with $25 million to invest in venture capital funds, which will then be invested in new Wisconsin-based ventures. The fund has generated an additional $5 million from private investors.