When is the submission deadline?

Submissions are due June 23, 2026. Questions must be submitted by June 4, 2026.

What is the budget for this RFP?

Settle estimates the budget at $20,000,000. The issuer has not published an official figure.

It was issued by Wisconsin Economic Development Corporation. The work is located in Madison, Wisconsin, United States.

Who is a good fit for this opportunity?

Experienced capital fund managers with a track record in equity investments for startups. Firms familiar with federal and state small business credit initiatives. Ability to provide matching private capital. Proven experience in fund management and investment reporting.

Capital Investment Manager Services (Due June 23, 2026)

Overview

Financial, Legal, HR & Staffing

Madison, Wisconsin, United StatesPosted: May 23rd, 2026Deadline: June 23rd, 2026

Fit Score

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SUMMARY

Seeking qualified fund managers to invest and manage capital for startups under the federal State Small Business Credit Initiative.

KEY REQUIREMENTS

BUDGET

Estimate

$20,000,000

TIMELINE

May 21st, 2026: RFQ Issued

May 28th, 2026: Virtual Office Hours

June 4th, 2026: Virtual Office Hours

June 4th, 2026: Deadline to submit written questions

June 23rd, 2026: Submissions due

July 9th–13th, 2026: Finalist Interviews

July–August 2026: Additional Information Request, Due Diligence, Selection, Internal Approvals

August–September 2026: Contracting

Late September 2026: Onboarding Kickoff for Selected Fund Managers

QUESTION DEADLINE

June 4th, 2026

Issuing Agency

Wisconsin Economic Development Corporation

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DESCRIPTION

The government authority in Madison, Wisconsin seeks qualified capital fund managers to implement fund investment under the 2021 federal State Small Business Credit Initiative program. Responsibilities include making equity investments in eligible startups, managing capital contributions into funds and portfolio companies, and providing matching private capital from funds managed by the respondent.

Selected managers will be expected to source, execute, manage, and report on investments, as well as offer value-added services to support the local startup ecosystem. Additionally, managers are responsible for returning investment proceeds in accordance with program terms.

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Frequently asked questions

When is the submission deadline?: Submissions are due June 23, 2026. Questions must be submitted by June 4, 2026.
What is the budget for this RFP?: Settle estimates the budget at $20,000,000. The issuer has not published an official figure.
Who issued this RFP?: It was issued by Wisconsin Economic Development Corporation. The work is located in Madison, Wisconsin, United States.
Who is a good fit for this opportunity?: Experienced capital fund managers with a track record in equity investments for startups
Firms familiar with federal and state small business credit initiatives
Ability to provide matching private capital
Proven experience in fund management and investment reporting

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