Altriarch Secures $70 Million in Committed Capital from the State of Wisconsin Investment Board
Altriarch Asset Management ("Altriarch"), a private credit firm, today announced a $70 million commitment from the State of Wisconsin Investment Board ("SWIB"). The investment allocates $20 million for Altriarch's Specialty Finance Strategy (the "Strategy"), launched in August 2023, that seeks to deploy capital through a network of secured finance operators across the United States. The remaining $50 million is designated as seed capital for a forthcoming strategy structured to complement Altriarch's current capabilities.
Altriarch's Managing Partner and Co-CEO, Danielle Brown, commented, "This investment underscores the continued confidence that institutional investors, like SWIB, have in our team and strategies. We are dedicated to delivering what we believe are attractive risk-adjusted returns in the illiquid credit market through disciplined underwriting and strong risk management practices."