Alaska Permanent approves $326m in commitments

The Juneau-based sovereign wealth fund has made four commitments within its private equity and special opportunities asset class.

Alaska Permanent Fund approved commitments of $48 million to Advantech/Redview II, $29 million to Bain Europe V, $49 million to Index Ventures IX/Growth IV and $200 million to Sequoia Capital Global Growth Fund III, according to a report for the fund’s latest board meeting.

The $64.9 billion sovereign wealth fund has an 11 percent target allocation to private equity that currently stands at 12.43 percent.

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