Private credit firm Altriarch Asset Management announced a $70 million investment from the Wisconsin State Investment Board (SWIB). The investment allocates $20 million to Altriarch’s specialty finance strategy, launched in August 2023. The strategy aims to deploy capital through a network of secure financial operators across the United States.
The remaining $50 million will be designated as seed funding for future strategies structured to complement Altriarch’s current capabilities.
Altriarch Asset Management is a private credit company based in Charleston, South Carolina. We also specialize in asset-based credit solutions for fragmented markets not served by traditional lenders, giving investors, including institutions and family offices, access to a variety of investment opportunities. We provide.
The Wisconsin State Investment Board (SWIB), established in 1951, is an independent state agency responsible for managing the assets of the Wisconsin Retirement System (WRS), the State Investment Fund (SIF), and other state trust funds. And as of June 30, 2024, SWIB managed more than $160 billion in total assets, representing approximately 85% of WRS assets. SWIB’s management of the WRS Trust Fund aims to provide fully funded public pension benefits to more than 677,000 current and former employees of state agencies, university systems, school districts, and most local governments. Masu.
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“This investment confirms the continued confidence that institutional investors like SWIB have in our team and strategy. Through disciplined underwriting and strong risk management practices, we We are dedicated to delivering attractive risk-adjusted returns in illiquid credit markets.”
-Daniel Brown, Managing Partner and Co-CEO of Altriarch
