MADISON - The managers of the new Badger Fund of Funds say they can take $25 million of state money and turn it into as much as $100 million that could help build 100 companies around Wisconsin over the next few years. Brian Birk and Lee Rand are managing partners of Sun Mountain Capital, a New Mexico firm that handles similar funds in New Mexico and in Mexico. They joined with Kegonsa Capital Partners, a Fitchburg venture capital management firm, to form Sun Mountain Kegonsa. Sun Mountain Kegonsa was chosen earlier this year to manage the Badger Fund of Funds, for which the Legislature allocated $25 million.
