The Alaska Permanent Fund Corporation (APFC) was recognized in the 2025 Best Places to Work in Money Management awards announced today by Pensions & Investments.
APFC is proud to have received this honor for five consecutive years. Presented by Pensions & Investments, this is the 14th annual survey and recognition program dedicated to identifying the best employers in the money management industry.
The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold their Quarterly Meeting on December 17, 2025 in Juneau at the location identified in the agenda linked below. Agenda items include: Fund performance presentations, private and public markets overviews, Private Equity asset class presentation, and more.
The public is invited to attend this meeting in person, via Teams Webinar (see agenda), or telephonically. There will be an opportunity for public comment and participation as noted in the agenda. Written comments can be sent to Trustees anytime at boardpubliccomment@apfc.org.
December 17, 2025 APFC Board of Trustees Quarterly Meeting Agenda_v2
At the Alaska Permanent Fund Corporation (APFC), managing one of the largest sovereign wealth Funds in the country means thinking long-term about capital, risk, and people. Our internship program reflects the same commitment to Alaskan students, developing leaders to carry Alaska’s financial legacy forward.
Each summer, APFC welcomes undergraduate and graduate students into paid internships in investments and finance at our headquarters in Juneau. In addition, APFC has external partners that welcome interns across the U.S. Interns will gain firsthand experience in the professional world of institutional investing and accounting while contributing to the stewardship of Alaska’s most important financial asset.
The Alaska Permanent Fund Corporation (APFC) announces the appointment of Ralph Samuels to its Board of Trustees.
“It is an absolute pleasure to welcome Trustee Samuels to the Board,” said APFC Board Chair Jason Brune. “Ralph’s dedication to Alaska, shaped by years of public service in the Legislature and seasoned by success in the private sector, will be an invaluable asset to our work. We look forward to the leadership, insight, and commitment Trustee Samuels will bring to the Board.”
Samuels was selected by Governor Mike Dunleavy to fill one of four public seats on the Board.
“Ralph Samuels is a lifelong Alaskan with an innate understanding of our state’s business and political landscape,” said Governor Mike Dunleavy. “As a Trustee he will bring that experience and insight to managing Alaska’s sovereign wealth fund not only for today, but for future generations of Alaskans.”
The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) convened its Annual Meeting on October 1–2, 2025, in Anchorage and via Teams webinar. Trustees reviewed the Fund’s performance, asset allocation, and the Public Equities asset class. In keeping with its annual governance responsibilities, the Board elected corporate officers.
“The Alaska Permanent Fund continues to perform well, delivering strong results that benefit every Alaskan,” said Board Chair Jason Brune. “The Fund has become a cornerstone of our state’s finances, and its success reflects the disciplined oversight of the Board, insights of trusted advisors, and the dedicated work of APFC staff. As Trustees, we remain committed to our mission of safeguarding and growing this resource so it can continue to provide stability and opportunity for generations to come.”
Alongside the release of the 2025 Alaska Permanent Fund Corporation Annual Report “49 Forward,” CEO & Executive Director Mitchell wrote an opinion piece titled, “49 Forward for Generations of Alaskans” on Alaska’s history, the Fund’s performance, and the path forward with a single-fund endowment.
“I was born about a decade after Alaska became the 49th state, and have shadowy memories of life before oil revenue poured in. The preparedness to take care of ourselves demonstrated by gravel and shovels in the back of trucks during the winter, the limited access to markets reflected in ordering clothes out of a 2-inch-thick JCPenney catalog once a year, or the reality of drinking powdered milk because that’s what was available, were not unique to my household.
The Alaska Permanent Fund embodies that generation’s pioneering, hardy spirit. Those Alaskans, who had far less than we do today, selflessly chose to transform a portion of our resource wealth into a renewable financial resource for future generations rather than spend it on themselves. That foresight and generational sacrifice have proven invaluable to our quality of life today. Out of respect for the past and with the vision of a vibrant future, the Alaska Permanent Fund Corporation (APFC) is committed to ensuring the Fund continues to be a source of strength, stability, and shared prosperity for every Alaskan. At this 49-year mark, APFC’s mandate remains clear: protect and grow the Alaska Permanent Fund for all
generations.”
Click here to read the whole piece, “49 Forward for Generations of Alaskans.”
The Alaska Permanent Fund Corporation (APFC) announced the release of its 2025 Annual Report, 49 Forward.
For 49 years, the Fund has transformed resource wealth into a legacy of stability, opportunity, and shared prosperity for every generation. As we look ahead to its 50th year, we celebrate Alaska’s vision, resilience, and enduring strength.
The Alaska Permanent Fund is unique as it is both a symbol and a mechanism of our shared responsibility. It was created 49 years ago to transform Alaska’s resource wealth into a renewable financial resource, and it has delivered on that promise for generations. As stewards of the Fund, we are dedicated to protecting its value with strong governance and discipline, ensuring it remains a source of enduring wealth.
The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold their Annual Meeting on October 1-2, 2025 in Anchorage at the location identified in the agenda linked below. Agenda items include: a review of portfolio performance, risk assessment, an asset class overview with Public Equities, Public & Private Market presentations, election of corporate officers, review of 2026 & 2027 Meeting calendars, and more.
The public is invited to attend this meeting in person, via Teams Webinar (see agenda), or telephonically. There will be an opportunity for public comment and participation as noted in the agenda. Written comments can be sent to Trustees anytime at boardpubliccomment@apfc.org.
October 1-2, 2025 APFC Board of Trustees Annual Meeting Agenda
October 1-2, 2025 APFC Board of Trustees Annual Meeting Packet
Understanding the Fund’s structure is crucial, particularly the difference between the portion categorized as Principal and the Earnings Reserve Account (ERA).
Monitoring the Fund’s values enhances transparency, supports rules-based actions, and strengthens public confidence in its management.
The Alaska Permanent Fund Corporation (APFC) Board of Trustees held meetings on September 4th to review and approve the annual audited financial statements and advance the FY27 budget proposal to support core talent, security, and investment priorities.