Global Recognition for Investment Leadership

In APFC Perspectives by Juliette Alldredge

Where Values Meet Visibility: APFC in the News

As stewards of the nation’s largest sovereign wealth fund, APFC’s in-house professionals are increasingly recognized for their insight and expertise. Over the past year, our team has been cited as subject matter experts in more than 80 nationwide and global media stories, reflecting not just what we do, but why we do it.

A Trusted Voice in Global Finance

  • A Key Institutional Voice:
    The Wall Street Journal featured APFC as a key institutional voice amid the Fed’s rate pause, reinforcing APFC’s role in navigating shifting policy with a long-term perspective and global investment discipline. Marcus Frampton, APFC Chief Investment Officer, provided context through APFC’s forward-looking risk management lens.

  • Strong Governance & Fiduciary Discipline:
    APFC’s strong governance and fiduciary discipline were highlighted in Top1000funds.com for how it aligns with global best practices. The article noted: “Governance is rooted in foresight rather than making it up as you go.” — Top1000funds.com, 2025

  • Private Markets Approach:
    Private Equity International sought private market perspectives on long timelines and the risk of parting with quality assets.

  • Consistent Discipline:
    CIO Marcus Frampton’s investment strategy as a steward of the Fund was profiled in Institutional Investor. The article included that “APFC stands out for its disciplined long-term approach amid market turbulence.”

  • Expert Team with a Global Perspective:
    Deputy CIO – Private Markets Allen Waldrop’s speaking engagements are regularly featured in Private Equity International, Venture Capital Journal, and Buyouts Insider.

These highlights reflect APFC’s values in action and the strength of our approach.

Why We Do What We Do

APFC’s global recognition and reputation as a model for converting a nonrenewable resource into the state’s largest financial resource is rooted in a mission entrusted to us by Alaskans. The Legislature’s findings for the purpose of the Permanent Fund:

  1. To create permanent savings from nonrenewable resources:
    “the fund should provide a means of conserving a portion of the state’s revenue from mineral resources to benefit all generations of Alaskans;”
  2. To achieve maximum risk-adjusted returns:
    “the fund’s goal should be to maintain safety of principal while maximizing total return;”
  3. To ensure the prudent use of earnings through the Legislature:
    “the fund should be used as a savings device managed to allow the maximum use of disposable income from the fund for purposes designated by law.”

These statutes directly shape our investment model. We diversify across asset classes and geographies. We emphasize long-term, risk-aware strategies over short-term gains. This foundation and discipline are what make APFC a respected global voice.

Through transparency, passion, and discipline, we’re working to strengthen the Fund for the benefit of all Alaskans.

APFC FY25 Q3 Performance Snapshot: Steady Gains Despite Volatility

In News by Juliette Alldredge

The Alaska Permanent Fund earned a 4.55% return as of March 31, 2025, three quarters into the fiscal year.
“I am pleased that APFC’s active investment management approach has added value against the performance benchmark we have been assigned both in the short term (FYTD) and the longer time horizon that we manage portfolios against (5-year).  In this period of increasingly turbulent markets, our active approach to investment management and our diversified asset allocation should provide stability to our stakeholders.”  
– Marcus Frampton, APFC Chief Investment Officer

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APFC Accepting Applications for an Investment Advisory Group Member

In Uncategorized by Juliette Alldredge

The Alaska Permanent Fund Corporation (APFC) is currently soliciting applications from professionals interested in serving on the Investment Advisory Group (IAG).

As a member of the IAG, you will have the unique opportunity to provide valuable insights to the APFC Board of Trustees in their role as fiduciaries of the Permanent Fund, which benefits generations of Alaskans.

The IRFP is available here.

Deadline for Responses:

Responses should be submitted in electronic format to procurement@apfc.org no later than 12 p.m., Alaska Time, on May 12, 2025.

To be considered for a seat on the IAG, a candidate shall:

  • Possess experience and expertise in financial investments and management of investment portfolios for public pensions, corporate or union benefit funds, family offices, foundations, or endowments.
  • Have provided similar services or acted as a CIO, CEO, or trustee to a large sovereign wealth fund, endowment, or trust fund (AUM greater than $1 billion).

Please review the IRFP for further details. If you have any additional questions, please contact the procurement team at procurement@apfc.org.

Click here to view the press release on Business Wire.

APFC CIO Marcus Frampton on Navigating Uncertainty

In Uncategorized by Juliette Alldredge

In a recent interview with Institutional Investor, APFC Chief Investment Officer Marcus Frampton shares how the Fund is navigating Alaska’s budget pressures, staying disciplined in volatile markets, and maintaining a global, long-term perspective.

Frampton discusses the importance of being contrarian when needed, the Fund’s defensive positioning, and why APFC may be better prepared than most in the current environment. He also reflects on the critical role the Fund plays as Alaska’s largest source of general-purpose revenue.

“We think we’re quite well prepared compared to where other investors may be,” – APFC CIO Marcus Frampton in Institutional Investor

Read the full interview at https://www.institutionalinvestor.com/article/2em1zzeuqowhw7v7jcgzk/portfolio/alaskas-cio-on-being-contrarian-facing-a-budget-crisis-and-staying-cool-to-headlines

The Benefits and Impact of Constitutionalizing the POMV

In Uncategorized by Paulyn

Adopting a Single-Fund Endowment Model with a constitutionally defined POMV limit that is aligned with a long-term real rate of return represents a forward-thinking solution that secures the future of the Alaska Permanent Fund.

By making this change, Alaska can uphold its commitment to intergenerational wealth, align with prudent investment standards, and provide stable annual distributions that are available for legislative appropriation to support both public services and the dividend program.

Learn more:

2025_The Benefits and Impact of Constitutionalizing the POMV

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APFC Welcomes New Trustee John Binkley and Reaffirms Commitment to Strong Governance

In Board of Trustees by Juliette Alldredge

Juneau, Alaska — Feb. 14, 2025 — The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) convened for its quarterly meeting in Juneau and via Teams Webinar on February 12-13, 2025. Key discussions included the Fund’s performance, an in-depth review of the Real Estate asset class, and updates on compliance, governance, and the APFC’s youth education initiative.  The Trustees also welcomed a new member to the Board.

“We are pleased to welcome John Binkley to the Board,” said Chair Jason Brune. “As a lifelong Alaskan and dedicated public servant, John brings a wealth of experience to the Board. We look forward to his contributions and the work we will accomplish together.”

Partnership and Accountability

The 34th Alaska State Legislature’s presiding officers, Senate President Gary Stevens and Speaker of the House Bryce Edgmon, shared their insights on the vital partnership between the Legislature and APFC in the stewardship of the Fund. They emphasized the Fund’s importance in providing a stable revenue stream for the state and expressed building alignment for the recommendations to pursue a constitutional amendment that would establish a single account endowment with a draw limit for the Permanent Fund, as outlined in Trustees’ Paper # 10.

Click here to read the full press release.

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APFC Releases the 2025 Mid Fiscal Year Review

In Uncategorized by Juliette Alldredge

The Alaska Permanent Fund Corporation (APFC) announced the release of its 2025 Mid Fiscal Year Review. The report highlights the history of the Fund and APFC, the impact on the Earnings Reserve Account (ERA) over time, and APFC’s investment strategy and performance.

At the halfway point of FY25, the Alaska Permanent Fund stands at $79.6 billion, delivering an 8.71% annualized return since inception and a 10-year average return of 8.10%, demonstrating our commitment to delivering a long-term return for Alaska.

Click here to learn more.

APFC Welcomes John Binkley to the Board of Trustees

In Board of Trustees, News by Juliette Alldredge

APFC welcomes John Binkley, a lifelong Alaskan and Fairbanks businessman to the Alaska Permanent Fund Corporation’s Board of Trustees.

Trustee Binkley has been appointed by Governor Dunleavy to one of four public seats on the Board.

The Board of Trustees is charged with serving as fiduciaries for the Alaska Permanent Fund, Alaska’s largest renewable source of revenue.

The APFC Board is composed of six governor-appointed members. Per Alaska statute 37.13.050, two Trustees must be heads of principal departments of state government, and the other four seats are designated for public members, serving staggered, four-year terms.

APFC Board of Trustees Quarterly Meeting – February 12-13, 2025

In Uncategorized by Jennifer Thorsteinson

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold their Quarterly Meeting on February 12-13, 2025 at the location identified in the agenda linked below. Agenda items include: Fund performance presentations, private and public markets overviews, Real Estate asset class presentation, and more. Written comments can be sent to Trustees anytime at boardpubliccomment@apfc.org.

The public is invited to attend this meeting in person, via Teams Webinar, or telephonically (please see the agenda for details). There will be an opportunity for public comment and participation on both days (times listed in the agenda).

*Please note that we have transitioned to using Teams Webinars for Board Meetings, which may require some extra time when registering for the first time. Please be aware of the change and allow yourself a few extra minutes.

February 12-13, 2025 APFC Board of Trustees Quarterly Meeting Agenda

February 12-13, 2025 APFC Board of Trustees Quarterly Meeting Packet

Investing in Alaska’s Future Leaders

In Uncategorized by Juliette Alldredge

Internship Opportunities with APFC – Apply Now!

Are you ready to kickstart your career in finance and investing? The Alaska Permanent Fund Corporation (APFC) is now accepting applications for our 2025 Internship Program!

Two interns standing in the APFC hallway

2024 Interns: Ardian Balazhi (Left) and Vera Bueler-Faudree (Right)

“At the start of my internship, I was uncertain how to best maximize my growth here and ensure I broadened my investment expertise. I know now that APFC is an extraordinary place to do that. The staff welcomed questions and generously devoted their time to my learning.” – Vera Bueler-Faudree, 2024 APFC Investments Intern.

Why Apply?

  • Gain hands-on experience in investment management, finance, and accounting.
  • Work alongside industry experts and receive daily mentorship.
  • Competitive pay: Check each description for pay as they can differ depending on where the internship is located.

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