Carrie Thome, former chief investment officer of the Wisconsin Alumni Research Foundation, has partnered with two others to form NVNG Investment Advisors, which launched Nov. 1.

According to Crunchbase, NVNG–an acronym for “nothing ventured, nothing gained”–is a fund of funds that will invest in those with a Wisconsin focus. It also will offer advisory services such as venture capital fund formation.

Thome, who oversaw a $2.8 billion investment portfolio at WARF, is joined by Linda Leikness, former CFO of American Girl, and Grady Buchanan, former senior investment analyst at WARF. All three are managing directors.

NVNG currently has an office in downtown Madison.