BrightStar announces formation of investment committee
Downloadable File:
BSW Investment Committee.pdf
MILWAUKEE, Dec. 16, 2013 – BrightStar Wisconsin Foundation Inc., a
groundbreaking philanthropic approach to supporting job creation and
economic growth statewide through investment in early-stage companies,
today announced the election of five members who complete its
investment committee. Along with five of the eight BrightStar founding
donors who serve on the committee, the 10-person group will begin
selecting early stage companies for investment beginning at its first
meeting on January 21, 2014. The new members include:
- Pam Evason, CPA, CFA, managing director, Windermere Wealth Advisors LLC
- Lisa Johnson, vice president, Wisconsin Economic Development Corp.
- Daniel Matola, CFA, chief investment officer, Jacobus Wealth Management Inc.
- Dan Shannon, senior vice president, Fidelity National Information Services (FIS) Inc.
- Andy Shrago, co-manager, Wisconsin Investment Partners LLC
“The addition of these outstanding individuals to our investment
committee completes a great team with some of our experienced angel
founders,” said Todd Sobotka, chairman of BrightStar’s investment
committee. “Our five new investment committee members have excellent
backgrounds, including portfolio management, executive, and mergers
and acquisitions experience. Our investment team has the experience to
vet nearly any type of opportunity that arises.”
The BrightStar Wisconsin Foundation was founded this summer by
eight business leaders and early-stage investors who pledged nearly $6
million to establish it. The foundation expects to raise an additional $60
million during the next three years. Its new, philanthropic approach will
enable the formation of new investment capital in Wisconsin through
charitable donations to the foundation. These contributions are tax
deductible.
Because BrightStar is a non-profit organization, more of the capital
it raises through charitable giving can be invested. Virtually all earnings
and returns from the foundation’s portfolio companies will be reinvested to
create additional high-quality jobs and spur continued growth in
Wisconsin’s economy. Donors are not entitled to any return of their
contributed capital or any share of BrightStar’s earnings.
About the BrightStar Wisconsin Foundation Inc.
The non-profit BrightStar Wisconsin Foundation is using a
groundbreaking philanthropic approach to support job creation and
economic growth across Wisconsin through investment in early-stage
companies. This new approach will enable the formation of new
investment capital in Wisconsin through charitable donations to the
foundation. Contributions to BrightStar are tax deductible.
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Contact:
Rod Hise
The Luminis Group Ltd for BrightStar Wisconsin Foundation Inc.
608-807-4607
rod@luminisgroup.com
