The Badger Fund of Funds has established its third Wisconsin venture capital fund, Rock River Capital Partners Fund I, which will be based in southern Wisconsin.

Badger Fund of Funds will invest $6 million as the anchor investor in the new fund, which is expected to total about $15 million. The fund will be managed by Rock River Capital Partners, which is run by Andrew Walker and Christopher Eckstrom.

Both Walker and Eckstrom are Wisconsin natives who graduated from the University of Wisconsin-Madison and have moved back to the state to manage this fund. Walker previously was chief executive officer of a Chicago data analytics startup that was acquired by a strategic competitor. Eckstrom previously worked in Chicago in the principal investing arm of an international investment bank, managing a significant portfolio of investments for public and private businesses. Read the full story here.