APFC Board Marks 50 Years of the Fund and Reviews Asset Allocation

In Board of Trustees, News by Juliette Alldredge

JUNEAU, Alaska – February 25, 2026 – The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees convened its quarterly meeting on February 23 and 24, 2026, in Juneau and online. Trustees received updates on the Fund’s operations and investment activity, including presentations on asset allocation and Fixed Income.

Legislative Partnership Honoring 50 Years of the Alaska Permanent Fund

The 34th Alaska State Legislature’s presiding officers, Senate President Gary Stevens and Speaker of the House Bryce Edgmon, presented the Legislative Citation in honor of the Alaska Permanent Fund’s 50th anniversary. This milestone honors the extraordinary vision and foresight of the Alaskans who created and safeguarded the Fund, voters who enshrined it in the Constitution, the legislators and governors who strengthened it, and the Trustees and investment professionals who steward it with integrity. Today, the State depends on the Fund for the majority of unrestricted general fund revenue, supporting statewide public services and the dividend through the annual percent of market value (POMV) draw. Without the bold leadership of past generations, Alaska’s fiscal landscape would look profoundly different.

“We are deeply grateful that Senate President Gary Stevens and Speaker Bryce Edgmon were able to join us and participate in our meeting today,” said Board Chair Jason Brune. “The continued stewardship of the Fund depends on a shared commitment among the Governor, Legislators, Trustees, and staff to prudent oversight and long-term responsibility.”

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APFC Releases the 2026 Mid Fiscal Year Review

In News by Juliette Alldredge

50th Anniversary logo featuring the Alaska Permanent Fund Seal with the text "Established by Alaskans for Alaskans" in front of a wintery mountain sunrise landscape.

The Alaska Permanent Fund Corporation has released its 2026 Mid-Fiscal Year Review, marking the Fund’s 50th anniversary and highlighting its enduring role as a financial resource for generations of Alaskans. The report provides a snapshot of the Fund’s performance, structure, and long-term impact at the midpoint of the fiscal year.

Since its first deposit in 1977, the Alaska Permanent Fund has generated $114.5 billion in total return—more than its current value of $86.3 billion. Of that total, $51.4 billion has been distributed to support current generations through dividends and state services, while $63.1 billion remains invested to grow and sustain the Fund for future generations.

Learn more: https://apfc.org/2026-mid-fy-review/.

APFC Reviews Governance Recommendations

In Uncategorized by Paulyn

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees Governance Committee convened on February 13, as part of its responsibilities to review policies and best practices to support the Corporation’s commitment to strong fiduciary oversight.

“Ongoing governance review is an important part of our fiduciary responsibilities,” said Ethan Schutt, Chair of the Governance Committee. “We are committed to ensuring that APFC’s policies and practices reflect strong governance standards and support effective oversight of the Permanent Fund.”

Based on the governance best-practice recommendations, committee members expressed support for current processes and memorialized procedures for disclosure documentation, investment referrals, remote work flexibility, Trustee orientation, continuing education, relationship building, and public education. The committee’s recommendation will be advanced to the full Board for consideration at a future meeting.

202602 Governance Meeting

 

February 23-24, 2026 APFC Board of Trustees Quarterly Meeting

In Uncategorized by Jennifer Thorsteinson

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold their Quarterly Meeting on February 23-24, 2026 at the location identified in the agenda linked below. Agenda items include: a risk overview, Fund performance overview, asset allocation discussion, asset class overview (Fixed Income presentation), Legislative update, digital assets 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.

February 23-24, 2026 APFC Board of Trustees Quarterly Meeting Agenda

February 23-24, 2026 APFC Board of Trustees Quarterly Meeting Packet_*Revised*

APFC Board of Trustees Governance Committee Meeting – February 13, 2026

In Uncategorized by Jennifer Thorsteinson

The Alaska Permanent Fund Corporation’s (APFC) Board of Trustees will hold a Governance Committee Meeting on February 13, 2026. The primary topic for the meeting is the discussion of the 2025 WilmerHale APFC Governance Recommendations.

The public is invited to attend this meeting 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.

February 13, 2026 APFC Board of Trustees Governance Committee Meeting Agenda_x

February 13, 2026 APFC Board of Trustees Governance Committee Meeting Packet_x

Fact or Myth: Understanding the Alaska Permanent Fund

In APFC Perspectives by Juliette Alldredge

The Alaska Permanent Fund is one of the state’s most important financial assets, a resource managed for the benefit of all Alaskans, today and in the future.

As the Fund has grown, so have questions and misconceptions about how it works. Below, we address several common misunderstandings about the Alaska Permanent Fund Corporation, the responsibilities of its Board of Trustees, how the Fund supports the state’s finances, and what it means to invest this resource effectively for generations to come.

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Alaska Celebrates the Fund’s First 50 Years, Prepares for the Next 50 Years

In APFC Perspectives, News by Juliette Alldredge

Established by Alaskans for Alaskans
Fifty years ago, in 1976, Alaskan voters amended the state constitution to set aside a portion of the state’s revenues from oil and minerals to establish the Alaska Permanent Fund to benefit future generations of Alaskans.

“The generations who established and built the Permanent Fund prioritized the future of Alaska over their ability to take more for themselves. Fortunately for our state, they turned a time of short-term extraordinary wealth from nonrenewable resources into Alaska’s greatest renewable resource.  Fifty years later, it is our turn to lead to ensure that the Fund continues to serve Alaskans for generations to come.”

— Deven Mitchell, Executive Director & CEO

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Alaska Permanent Fund Corporation Holds Quarterly Board Meeting

In Uncategorized by Juliette Alldredge

The Board of Trustees of the Alaska Permanent Fund Corporation (APFC) convened its Quarterly Meeting on December 17, 2025, in Juneau and online. Key discussions included the Fund’s performance, investment strategy, and a Private Equity overview, with a focus on disciplined, long-term oversight.

“As 2025 concludes, we are proud to see the Alaska Permanent Fund continue to perform well for the benefit of all Alaskans,” said Board Chair Jason Brune. “The dedicated work of APFC staff, the analysis of our advisors, and the Board’s careful oversight helped make 2025 a strong year. As we look ahead to 2026 and the Fund’s 50th anniversary, we are excited to celebrate this historic milestone. The Fund was created through a vote approving a constitutional amendment, which underscores Alaskans’ intent to safeguard this resource for the benefit of generations to come.”

Click here to read the full press release.

Pictured are APFC Board members, staff, and partners wearing festive holiday sweaters at the quarterly meeting.

 

APFC Awarded Best Places to Work in Money Management

In Uncategorized by Juliette Alldredge

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.

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APFC Board of Trustees Quarterly Meeting December 17, 2025

In Uncategorized by Jennifer Thorsteinson

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

December 17, 2025 APFC Board of Trustees Quarterly Meeting Packet