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Alaska Permanent Fund commits $417m to 9 funds

The $62.4bn US sovereign wealth fund adds to its almost $7bn private equity portfolio.

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The Alaska Permanent Fund (APFC) made nine commitments totaling $417 million in the second half of 2017, according to documents from the fund’s board meeting last week.

The $62.4 billion US sovereign wealth fund committed: $40 million to Spectrum VIII, $48 million to Charlesbank IX, $40 million to HIG Advantage Buyout, $59 million to Novalpina Capital Partners I, $37 million to EnCap Midstream IV, $18 million to WestView IV, $50 million to Whitehorse Liquidity Partners II and $50 million to Clearlake V.

The APFC has 11 percent current and target allocations to private equity.

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