Alaska Permanent Fund Looks at Foreclosed Homes

The Alaska Permanent Fund Corporation (APFC) is keen on allocating capital to purchase homes in distressed single-family housing markets outside of Alaska. The allocation could be up to US$ 400 million, which is around 1% of total fund assets. It would be under the special opportunities allocation rather than real estate. The basic investment premise is that there are many markets where single-family residences are priced well below what they are worth. The APFC Board of Trustees gave conceptual approval to the new strategy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute

institutional investor investment mandates