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 OUTstanding returns

for the benefit of all current and future generations of alaskans

Total Fund Value

as of March 31, 2021

$76,320,600,000

Principal Total $59.0 Billion | ERA Total  $17.3 Billion

Principal

$59.0 B

Contributions: $46.8 B | Unrealized Gains: $12.2 B

ERA Uncommitted

$10.6 B

+ Committed FY22 POMV $3.1 B + Unrealized Gains $3.6 B = Total of $17.3 B

Value Added

AS OF June 30, 2020

$3.1 B

VS PASSIVE BENCHMARK OVER 5 Years

Rate of Return

FYTD AS OF February 28, 2021

FYTD 2021 17.72%

10.82 % OVER 5 YEARS

APFC Adds Two Experienced Professionals to its Private Equity and Special Opportunities Team April 8, 2021

The Alaska Permanent Fund Corporation has recently added two experienced professionals, Chirag H. Shah, Senior Portfolio Manager, and Nader Sohraby, Senior Associate, to its $13B+ Private Equity and Special Opportunities team.

Steve Moseley, Head of Alternative Investments at APFC, said: “We are very excited that Chirag and Nader have joined us to expand our capabilities and help deliver excellent investment returns for the benefit of all Alaskans.”

Chirag has over 15 years of industry experience globally, including ten years leading private equity fund investments and co-investments at DB Private Equity and GE Asset Management.  He started his career in investment banking at Citi / Salomon Smith Barney in New York and Singapore.  Chirag is also actively engaged in the broader PE community, serving as an advisory board member of the Hicks, Muse, Tate & Furst Center for Private Equity Finance at The University of Texas at Austin and involved with SEO’s Alternatives Investments program, which is focused on improving opportunities in the alternatives industry for traditionally underrepresented communities.  He holds an MBA and BBA from The University of Texas at Austin.

Nader has five years of investment banking experience, most recently at J.P. Morgan in New York, where he focused on mergers and acquisitions and capital formation across the healthcare industry.  Prior to J.P. Morgan, he worked in investment banking at Citi in New York.  He began his career at Goldman Sachs in its Global Investment Research division.

Private Equity International recently recognized APFC as the 2020 LP of the Year in North America. This is the third year the team has won, having also been recognized by peers in 2017 and 2018.  These honors reflect the Private Equity and Special Opportunities team’s ongoing commitment to developing a worldwide competitive investment strategy with partnerships that contribute to successfully fulfilling APFC’s mandate.

2021_04_APFC Private Equity Team


Fund News


Fund News

APFC Adds Two Experienced Professionals to its Private Equity and Special Opportunities Team April 8, 2021

The Alaska Permanent Fund Corporation has recently added two experienced professionals, Chirag H. Shah, Senior Portfolio Manager, and Nader Sohraby, Senior Associate, to its $13B+ Private Equity and Special Opportunities team.

Steve Moseley, Head of Alternative Investments at APFC, said: “We are very excited that Chirag and Nader have joined us to expand our capabilities and help deliver excellent investment returns for the benefit of all Alaskans.”

Chirag has over 15 years of industry experience globally, including ten years leading private equity fund investments and co-investments at DB Private Equity and GE Asset Management.  He started his career in investment banking at Citi / Salomon Smith Barney in New York and Singapore.  Chirag is also actively engaged in the broader PE community, serving as an advisory board member of the Hicks, Muse, Tate & Furst Center for Private Equity Finance at The University of Texas at Austin and involved with SEO’s Alternatives Investments program, which is focused on improving opportunities in the alternatives industry for traditionally underrepresented communities.  He holds an MBA and BBA from The University of Texas at Austin.

Nader has five years of investment banking experience, most recently at J.P. Morgan in New York, where he focused on mergers and acquisitions and capital formation across the healthcare industry.  Prior to J.P. Morgan, he worked in investment banking at Citi in New York.  He began his career at Goldman Sachs in its Global Investment Research division.

Private Equity International recently recognized APFC as the 2020 LP of the Year in North America. This is the third year the team has won, having also been recognized by peers in 2017 and 2018.  These honors reflect the Private Equity and Special Opportunities team’s ongoing commitment to developing a worldwide competitive investment strategy with partnerships that contribute to successfully fulfilling APFC’s mandate.

2021_04_APFC Private Equity Team


  • Ten years after Alaska achieved statehood, oil was discovered on the North Slope, which led to Alaskans voting to create a Permanent Fund to invest oil proceeds for future generations. The first deposit was $734,000. After 40 years of wise management, APFC has grown the Permanent Fund to more than $70 billion. Want to know how we did it?

  • The Permanent Fund has two parts: the Principal and the Earnings Reserve Account (“ERA”). Both are invested together using the same asset allocation, but they are very different in how they can be used by law: the Principal is permanent savings, the ERA is available to spend.

  • APFC is a team of financial and legal professionals. It operates as a separate state entity under the oversight of an independent, professional Board of Trustees, who serve as fiduciaries of the Fund. The Board sets investment policy, reviews the portfolio’s performance, and works with management to determine APFC’s strategic direction.

  • It’s the APFC’s job to prudently manage the assets of the Alaska Permanent Fund. Our staff of professionals works with a team of international managers to invest the Permanent Fund’s billions across eight asset classes in both private and public markets. Under APFC’s stewardship, the Permanent Fund is recognized as one of the best-managed sovereign wealth funds in the world – well poised to serve Alaskans now and for many decades to come.

  • The Permanent Fund has largely replaced oil as a source of unrestricted revenues for our state government, which means it is more important to Alaskans than ever. We are pleased to present this booklet, which offers the basics of the Alaska Permanent Fund, its history, how APFC manages and invests these assets, and its essential role in Alaska’s future.

  • Learn about APFC’s strategies, investments and people in the 2020 Annual Report.

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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