As the Alaska Permanent Fund Corporation’s Board gathers in Anchorage this week for the annual meeting, the Trustees would like to update Alaskans on the status of the Alaska Permanent Fund, the outstanding job our staff has done in these turbulent times, and our search for a new executive director. FY2022 was a challenging year for all investors. Persistent market …
APFC’s Executive Director Search
APFC would like to update our fellow Alaskans on the status of the search for an Executive Director who will work with the Board of Trustees in setting the strategic vision and direction of the Corporation, fulfilling our corporate mandate to manage and invest the assets of the Permanent Fund and other funds designated by law. “In APFC’s search for …
Alaska In-State Private Equity Managers Provide Investment Insights
The Alaska In-State Private Equity Program has recently received increased attention. The Alaska Permanent Fund Corporation (APFC) and the independent managers of this program understand that Alaskans are interested in learning more about how the assets of the Alaska Permanent Fund are being invested in our State. APFC, however, is also obligated to ensure that the disclosure of this information …
APFC RFI Issued to Inform Procurement Process
Juneau – On Monday, January 24, the Alaska Permanent Fund Corporation posted a Request For Information (RFI) to the State of Alaska’s Online Public Notice (OPN) system APFC- Executive Search Firm- Request for Information, seeking information from executive search firms. This pre-procurement process is intended to collect information, including anticipated costs, from competitive vendors in the industry. The information that …
APFC on Critical Services List
Work to resolve the status of the State of Alaska’s Fiscal Year 2022 budget continues; the administration has released a list of critical services. As per that list, should there be a government shutdown on July 1, 2021, the Alaska Permanent Fund Corporation will remain fully operational. Managing over $80 billion of financial assets requires a tremendous amount of diligence, …
APFC Prepares For Government Shutdown
Chief Executive Officer Angela Rodell announced today that the Alaska Permanent Fund Corporation (APFC) is taking steps to ensure that the Alaska Permanent Fund and money managed on behalf of the Alaska Mental Health Trust Authority are prudently overseen in the event of a government shutdown. The Chief Executive Officer and her staff have been diligently working to ensure that …
Trustee Craig Richards Reappointed to 4-year term
Governor Mike Dunleavy today announced the reappointment of Craig Richards to the Alaska Permanent Fund Corporation Board of Trustees for the term of July 1, 2021 to July 1, 2025. Trustee Richards served on the Board of Trustees from 2015 to 2016 and was reappointed in 2017. Craig Richards majored in finance at the University of Virginia, received his Masters …
Trustees Assess Market Outlook and Opportunities for Real Estate
Juneau – The Board of Trustees held its quarterly meeting at the Elizabeth Peratrovich Hall in Juneau and simultaneously via webinar on May 19-20, 2021, to review the performance of the Alaska Permanent Fund through the third quarter of fiscal year 21 (FY21), review risk metrics, assess the capital markets outlook, incorporate updates in the investment policy, get an update …
APFC: Vision for Alaska’s Financial Anchor
As we observe the anniversary of the creation of the Alaska Permanent Fund Corporation this month, it is noteworthy to laud the vision and leadership of the past, and imperative in my opinion to look forward – to bring that same extraordinary vision, leadership, and forethought to the now, the near, and the far. It is now time for us …
APFC Adds Two Experienced Professionals to its Private Equity and Special Opportunities Team
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 …