Alaskan SWF May Commit Up to $3 Billion Toward Private Markets in FY 2017

The Alaska Permanent Fund Corporation (APFC) is keen on getting more deal flow in private markets. With a new chief investment officer named Russell Read (formerly from Kuwait GIC and CalPERS) and a mandate from the fund’s board of trustees, the fund plans to commit up to US$ 3 billion in private investments for the next fiscal year.

In the press release, APFC Board Chairman Bill Moran stated, “The contributions from the Fund’s private market investments remain positive, and we believe they will become increasingly important in providing both growth and income in this low interest-rate environment.”

Allocations for fiscal year 2017 include:[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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