Investing for Alaska

Managing Alaska's Sovereign Wealth Fund

Alaska Permanent Fund Corporation

APFC is a state-owned corporation, based in Juneau, that manages the assets of the Alaska Permanent Fund and other funds designated by law, including the Alaska Mental Health Trust Fund and Power Cost Endowment Fund. The APFC Board of Trustees has established Bylaws, Governance and Investment Policies, and Resolutions to support an efficient and effective management structure.
$734,000
Preliminary Fund Value as of September 30, 2026
Rate of Return 0.87% FYTD and 6.11% over 5 years as of August 31, 2026
The Fund, Its Structure & Impact
50 Years of Alaska Permanent Fund logo

Stewardship for Generations

Celebrating 50 Years of the Alaska Permanent Fund

The Alaska Permanent Fund was created by Alaskans, for Alaskans, to transform a finite natural resource into lasting, renewable value for generations to come. By investing a portion of Alaska's oil revenues, the Fund helps secure long-term financial stability for the state, supports public services, and protects the future of Alaska's economy, ensuring today's resource wealth continues to benefit Alaskans well beyond the present.
The Fund at 50

Stay Informed

Fund News

Celebrating 50 Years of the Alaska Permanent Fund

November 2, 2026

On November 2, 1976, Alaskans did something extraordinary. They chose to save a share of the state’s resource wealth for the benefit of generations yet to come, an enduring act of intergenerational stewardship.

Fifty years later, the Alaska Permanent Fund stands as one of Alaska’s most important financial resources and a lasting testament to that vision.

The Alaskans of 1976 could not have known what markets, Alaska’s economy, or state finances would look like in 2026. Nor can we know what they will look like in 2076. What we do know is what has proven durable: sustainable use, strong governance, disciplined investing, a mission-driven team, and a clear understanding of who we are working for: Alaskans.

As we celebrate what Alaska built, our responsibility is to carry that same spirit of stewardship forward, so the Alaskans of 2076 can be as grateful to us as we are to the Alaskans of 1976.

Permanent Fund Origins  

Stewarding Alaska’s Future

Listen to APFC Executive Director & CEO Deven Mitchell discuss the history and mission of the Fund, and what serving as the Corporation's leader means to him.

People Behind the Fund
People Behind the Fund - Meet Deven Mitchell

Governance is Good Business

Governance

Governance serves as the foundation for our accountability, independence, and long-term success. It includes the laws, policies, procedures, and oversight frameworks that direct how the Corporation operates and how the Alaska Permanent Fund is managed for both current and future generations. Critical factors for APFC’s governance success include effective independent management and organizational structure, adherence to accountability standards, clearly defined legal and regulatory responsibilities, established policies and procedures, and leadership in setting best-practice standards.

GOVERNANCE