Private Equity Analyst

The State of Wisconsin Investment Board (SWIB) is one of the largest public pension fund managers in the United States, overseeing more than $178 billion in assets on behalf of the Wisconsin Retirement System (WRS) and its 703,000 beneficiaries. SWIB operates with the sophistication of a top-tier global asset manager and employs a team where 61% of investment professionals hold the CFA designation.

Role Overview:

SWIB is hiring a Private Equity Analyst to join its Private Markets & Funds Alpha Division in Madison, Wisconsin. The analyst will work directly alongside the Head of Private Equity, Portfolio Managers, and senior Investment Analysts to source, evaluate, and underwrite prospective investments across SWIB's two private markets portfolios.

Private Equity Portfolio ($18B): Focused on global buyout, growth equity, and co-investments. SWIB targets U.S. and Western European small and middle-market buyout funds and growth equity funds across the private equity spectrum.

Current Return Portfolio ($4B): Covers senior and mezzanine loan funds (performing credit), distressed debt funds (non-performing credit), secondary funds, yield-driven strategies, and co-investments including equity and/or debt alongside GP partners.

Key Responsibilities include sourcing and screening fund managers and co-investment opportunities, performing due diligence, financial modeling, and investment analysis, preparing investment memos and presenting recommendations to the investment committee, and monitoring existing portfolio companies and fund relationships.

The role is based in Madison, Wisconsin — regularly ranked among the best cities in the U.S. for quality of life — and offers hybrid work flexibility, competitive compensation, and comprehensive benefits.