Alaska Investment Program

The Alaska Permanent Fund Corporation’s (APFC) statutory responsibilities pertaining to in-state investments are set forth in AS 37.13.120 (c) which specifies if an Alaskan investment has equivalent risk and expected return comparable to or better than a similar non‐Alaskan investment, the Alaskan investment should be preferred.

Recognizing the opportunity to earn attractive returns by backing emerging private market fund managers and private market investment opportunities in Alaska, APFC’s Board of Trustees, through Resolution 18-03, directed APFC staff to select external private market fund managers to execute an Alaska focused private markets investment program with an initial allocation of $200 million. Consistent with the requirements of Alaska Statute 37.13.120(c), this strategic approach to identifying and supporting talented private market fund managers and investments within Alaska will target a rate of return and a risk profile consistent with the similar investments outside of Alaska.

APFC’s Alaska Investment Program is managed by two external fund managers, with McKinley Capital Management LLC focusing on private equity and Barings LLC focusing on Infrastructure and Private Credit. Contact them directly with Alaska based private investment proposals.

Image

McKinley Capital Management, LLC
Alaska Private Investment Fund

[email protected]
(907) 563-4488
www.mckinleycapital.com


Image

Barings, LLC, Mina Nazemi, Managing Director
Alaska Future Fund

[email protected]
www.barings.com