The Badger Fund of Funds I, L.P. was formed in 2015 and includes $25 million from the State of Wisconsin pursuant to 2013 Wisconsin Act 41 to invest in Wisconsin based venture capital funds. The Badger Fund is managed by a partnership of Sun Mountain Capital and Kegonsa Capital Partners. The State of Wisconsin, individuals and the fund manager have invested over $35 million in the Badger Fund.
http://badgerfundoffunds.com/

Sun Mountain Capital is based in Santa Fe, New Mexico and was founded in 2006 to focus on private equity investing in high potential underserved geographies. As of December 31, 2016, Sun Mountain Capital’s total assets under management was $752.8 million. This represents $529.6 million invested via discretionary private funds and $223.2 million invested through non-discretionary advisory programs. Sun Mountain Capital is a Registered Investment Adviser (RIA) registered with the United States Securities and Exchange Commission (SEC). Sun Mountain Capital brings national best practices and a network of successful venture fund managers to the Winnebago Seed Fund.
http://sunmountaincapital.com/

Kegonsa Capital Partners manages two Wisconsin based venture funds. They provide the Winnebago Seed Fund with processes and investment parameters that have already worked in Wisconsin. The Kegonsa Seed Fund was formed in 2005 with the objective of investor return.
http://www.kegonsapartners.com/