In response to Resolution 18-03: Supporting An In-State Emerging Manager Program, APFC has issued a Request for Information (RFI) to inform the hiring of an investment management firm to provide services in support of an In-State private markets-focused investment mandate.
Resolution 18-03, approved at APFC’s Annual Meeting on September 27, 2018, directs the implementation of an In-State Emerging Manager program with an initial allocation up to $200 million within the Private Equity and Special Opportunities Asset Allocation. The goal of the Emerging Manager Program is to seed new private equity or venture capital fund managers in Alaska. Because the vetting of first time fund managers is a time and resource intensive task, the resolution directs APFC Staff to work with an external manager to oversee the program.
Links to the RFI and the Resolution 18-03 are noted below: