Recent changes to the state-backed venture capital program Badger Fund of Funds aim to make it easier for fund managers to grow their respective firms and attract outside funding.
In February, Gov. Tony Evers signed Legislation into law that not only implemented several key changes to the Badger Fund of Funds program, but also allocated $25 million in additional funding from the state budget.
“My expectation is that every 10 years, we’ll be able to double (that initial $25 million),” said Ken Johnson, partner of the Badger Fund of Funds and managing director of Madison-based Kegonsa Capital Partners LLC. “In the next 10 years, it should be $50 million. In 20 years, it’ll be $100 million.”
;
