Private Equity Investment Analyst Intern

Making a Difference

The State of Wisconsin Investment Board (SWIB), founded in 1951, is a premier global investment organization responsible for managing the more than $162 billion of assets of the fully funded Wisconsin Retirement System (WRS), the State Investment Fund and other state funds. Through SWIB’s effective and innovative investment management, WRS remains one of the only fully funded US public pensions. The WRS consistently ranks among the 10 largest public pension funds in the U.S. SWIB is recognized by the investment industry for our teamwork and innovation. SWIB pursues sophisticated global investment strategies across the asset and risk allocation spectrum. Providers across the investment ecosystem seek to partner with SWIB.

Serving more than 692,000 beneficiaries of the WRS, SWIB is a mission-driven organization focused on providing a strong financial future to those who committed their careers to public service. For public employees and the 1,607 Wisconsin employers who contribute on their behalf, we are a trusted partner. Our team innovates continuously to meet the challenges of an evolving investment landscape while growing and protecting the assets of the WRS.

Job Description:

The Private Equity team consists of nine investment professionals that actively manage approximately $24 billion of AUM.  The Private Equity team is responsible for sourcing and selecting private equity firms to invest in through fund investments and co-investments.  The private equity portfolio is managed to generate both attractive absolute returns and relative returns versus the private equity benchmark. 

Private Equity’s investment process includes significant qualitative and quantitative diligence focused on managers, investment strategy, stage of investment, geography, and historical track record.  Investment professionals meet with existing and prospective private equity firms in Madison and across the globe to evaluate quality of return and fit within the portfolio.   

SWIB is seeking a student intern to join its Private Equity team, who is responsible for the selection and oversight of SWIB’s active external private markets managers. These include private equity and private credit strategies. This position lends the opportunity for the intern to gain exposure to different investment strategies across the private equity asset class. The intern will be assigned to a lead Portfolio Manager but is expected to leverage the broader team. The intern will work up to 40 hours per week during the summer. 

Essential activities:

• Assist Portfolio Managers and Investment Analysts with the due diligence process on private equity funds and co-investments through quantitative and qualitative methods resulting in an investment recommendation.
• Become well versed with Private Equity’s portfolio management system and track new funds and co-investments in the portfolio management system’s deal log.
• Review and report on portfolio and compliance issues for managers.
• Special projects, as assigned.

The Ideal candidate: