APFC approves $210m in commitments

The US state-owned corporation has backed six private equity funds.

Institution: Alaska Permanent Fund
Headquarters: Juneau, United States
AUM: $60.37bn
Allocation to alternatives: 25.45%
Bitesize: $10-50m

Alaska Permanent Fund has agreed to commit $50 million to ARCH Venture Fund X, $25 million in total to Lightspeed China Partners IV and Lightspeed China Partners Select I, $20 million to Harvest Partners VIII, $65 million to Boyu Capital Fund IV and $50 million to Altitude Life Science Ventures Side Fund III, according to the quarterly report from the fund’s website.

The $60.37 billion US state-owned corporation is an active investor in private equity making 22 commitments focused on private equity in 2018.

As illustrated in the charts below, Alaska Permanent Fund has an 11.0 percent target allocation to private equity that currently stands at 12.92 percent.

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