INVESTING FOR ALASKA

INVESTING FOR THE LONG RUN

WHO WE ARE

APFC is a state-owned corporation, based in Juneau, that manages the assets of the Alaska Permanent Fund and other funds designated by law, such as the Alaska Mental Health Trust Fund.

Our vision is to deliver sustained

and compelling investment returns

Assets Under Management

UNAUDITED AS OF May 31, 2018

$65.4 B

Principal $46.7 BILLION | ERA $18.7 BILLION

Value
Added

AS OF June 30, 2017

$4.4 B

VS PASSIVE BENCHMARK OVER 3 Years

RATE OF
RETURN

FYTD AS OF June 30, 2017

12.89%

8.85% OVER 5 YEARS (with lag)

Assets Under Management

UNAUDTIED AS OF May 31, 2018

$65.4 B

Principal $46.7 BILLION | ERA $18.7 BILLION

Value Added

AS OF June 30, 2017

$4.4 B

VS PASSIVE BENCHMARK

RATE OF RETURN

FYTD AS OF June 30, 2017

12.89%

8.85% OVER 5 YEARS (with lag)

APFC Launches Alaska Direct Alternative Credit – ADAC May 31, 2018

The Alaska Permanent Fund Corporation (“APFC”) is pleased to announce the launch of a $1,000 million hybrid credit effort named Alaska Direct Alternative Credit (“ADAC”).  Investments in ADAC will include a liquid portfolio of internally managed non-investment grade bonds and ETFs, and a private portfolio of co-investments alongside APFC’s private credit managers. ADAC and the private portfolio will be managed by the Private Income team, including Director Marcus Frampton and Senior Portfolio Manager Jared Brimberry.  The liquid portfolio will be managed by the Fixed Income team, specifically Director Jim Parise and Senior Portfolio Manager Matt Olmsted. …

…“The publicly traded non-investment grade bond portfolio will be managed by our internal fixed income team with the goal of providing a more liquid proxy to the private portfolio, allowing them to be more selective in their co-investments,” said Jim Parise, Director of Fixed Income. “Our long-term track record of outperforming our benchmarks and peers over many market cycles should translate to helping the overall ADAC portfolio achieve its performance goals.”

“The private portfolio within ADAC represents another example of the APFC using its’ scale, strategic external partnerships, and in-house expertise to create a compelling investment opportunity,” said Jared Brimberry, Senior Portfolio Manager. “We are excited to build a diversified credit portfolio alongside top-tier managers, with the benefit of removing an additional layer of fees.”

20180531_Alaska Direct Alternative Credit


Fund News


Fund News

APFC Launches Alaska Direct Alternative Credit – ADAC May 31, 2018

The Alaska Permanent Fund Corporation (“APFC”) is pleased to announce the launch of a $1,000 million hybrid credit effort named Alaska Direct Alternative Credit (“ADAC”).  Investments in ADAC will include a liquid portfolio of internally managed non-investment grade bonds and ETFs, and a private portfolio of co-investments alongside APFC’s private credit managers. ADAC and the private portfolio will be managed by the Private Income team, including Director Marcus Frampton and Senior Portfolio Manager Jared Brimberry.  The liquid portfolio will be managed by the Fixed Income team, specifically Director Jim Parise and Senior Portfolio Manager Matt Olmsted. …

…“The publicly traded non-investment grade bond portfolio will be managed by our internal fixed income team with the goal of providing a more liquid proxy to the private portfolio, allowing them to be more selective in their co-investments,” said Jim Parise, Director of Fixed Income. “Our long-term track record of outperforming our benchmarks and peers over many market cycles should translate to helping the overall ADAC portfolio achieve its performance goals.”

“The private portfolio within ADAC represents another example of the APFC using its’ scale, strategic external partnerships, and in-house expertise to create a compelling investment opportunity,” said Jared Brimberry, Senior Portfolio Manager. “We are excited to build a diversified credit portfolio alongside top-tier managers, with the benefit of removing an additional layer of fees.”

20180531_Alaska Direct Alternative Credit


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BONDS

The Fixed Income Plus portfolio acts as an anchor to the Fund and is comprised of Bonds, Emerging Market Debt, TIPS, REITs, and Listed Infrastructure. During volatile market cycles, these assets provide stability and a source of liquidity to take advantage of market dislocations. Trading is…read more

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STOCK HOLDINGS

The Public Equities allocation is comprised of U.S., International, and Global Stocks. The portfolio is actively structured to perform well in a variety of market environments, including positively trending equity markets and weaker market environments. The components of this…. read more

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REAL ESTATE

Real Estate is an important component of the APFC’s portfolio. The Alaska Permanent Fund Corporation has partial or complete ownership of 56 residential, retail, industrial, and office buildings in the United States and abroad. Every time APFC collects rent on these properties or sells one…. read more

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ALTERNATIVE INVESTMENTS

APFC invests in private (not exchange traded) holdings through the Private Equity and Growth Opportunities; Private Income: Infrastructure, Private Credit, and Income Opportunities; and the Absolute Return asset class.