Yes, you can do the same in windows. Just create the new partition and move the swap file into it.
[Create Windows Managed Pagefile(s)]
Start menu, Settings, Control Panel, System applet, Advanced tab,
Performance - Settings button, Advanced tab, Change button, on the Virtual
Memory dialogue, first select a drive from the list, then click the
radio-button 'System managed size', press the Set button. select the next
drive from the list, System managed size, press Set, and so on. when you're
done, press OK, OK, OK. a restart will likely be required.
TIP - do NOT forget to press the SET button after configuring the pagefile
for each drive, (many people forget to press SET)