# Wisconsin Investment Partners

Wisconsin Investment Partners is an Asset Manager based in Madison, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Madison, United States
- **Region:** North America
- **Address:** Madison, WI, United States
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** wisinvpartners.com
- **LinkedIn:** https://www.linkedin.com/company/wisconsin-investment-partners
- **Wikidata:** Q20711085

## Regulatory record

- **Reports private funds:** No

## About

Wisconsin Investment Partners is an Angel Investment Group in Madison, Wisconsin, founded in 2000 with 20 members. The group focuses on life science-oriented seed investing, with some investments in attractive projects outside this charter. They collaborate with other angel networks and investors on early rounds and occasionally join later rounds.

## Sectors

- Enterprise Software
- Digital Health
- Industrial Tech
- AgriTech & FoodTech
- AI/ML

## People

- Dick Leazer — Co-Founder and Co-Manager
- Terry Sivesind — Co-Founder
- Brad Bodden — Co-Manager
- Andrea Dlugos — Co-Manager
- Matt Kelly — Co-Manager
- Michael Thorson — Co-Manager
- Bob Wood — Co-Manager

## Questions

### Who runs investment decisions at Wisconsin Investment Partners?

Investment decisions are made collectively by the membership, not by a central investment committee with unilateral authority. Co-managers Dick Leazer, Brad Bodden, Andrea Dlugos, Matt Kelly, Michael Thorson, and Bob Wood facilitate deal screening and due diligence, but individual members choose whether to invest their own capital in each opportunity. This distributed decision-making model is standard for angel groups affiliated with the Angel Capital Association.

### How does Wisconsin Investment Partners source proprietary deal flow?

WIP sources deal flow through a structured partnership with gener8tor, a nationally-ranked startup accelerator with programs across Wisconsin and beyond. gener8tor graduates are presented to WIP members for potential investment, giving the group early access to vetted companies. WIP also reviews spin-outs from the University of Wisconsin-Madison ecosystem, often co-investing alongside the Wisconsin Alumni Research Foundation, which holds patent rights on university-developed technologies.

### Is Wisconsin Investment Partners structured as a fund or an angel group?

WIP is structured as an angel group, not a committed venture capital fund. Members are accredited investors who invest their own capital directly into portfolio companies on a deal-by-deal basis. There is no blind pool, no general partner calling capital, and no requirement that members participate in every investment. This aligns WIP with the classic Angel Capital Association model.

### How is Wisconsin Investment Partners related to BrightStar Wisconsin Foundation?

BrightStar Wisconsin Foundation is a separate philanthropic venture fund that deploys donated capital into Wisconsin startups. WIP and BrightStar frequently co-invest in the same deals, but the entities are legally and structurally distinct. BrightStar operates as a 501(c)(3) nonprofit, while WIP is a member-managed angel group whose investors seek financial returns.

### Does Wisconsin Investment Partners maintain real estate holdings separate from its startup investments?

Yes. WIP holds two mixed-use commercial properties in Madison — Capitol Point and Nolen Shore. These appear to be legacy holdings or parallel investments of the membership, not real estate deployed as part of the group's startup-focused strategy. WIP does not report making venture investments in real estate technology or property development startups through these assets.

## Related profiles

- [Wischoff Ventures](https://altss.com/profile/wischoff-ventures)
- [Wisconsin River Partners](https://altss.com/profile/wisconsin-river-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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