Institution: Alaska Permanent Fund
Headquarters: Juneau, US
AUM: $74.89 billion
Allocation to alternatives: 29.34%
Alaska Permanent Fund has confirmed $280 million-worth of fund commitments across five private equity vehicles, according to a document from a February board meeting.
The commitments comprise $65 million to TCV XI, $25 million to Bain Capital Fund XIII, $75 million to GTCR Fund XIII, $75 million to Centerbridge Capital Partners Fund IV and $40 million to Berkshire Fund X.
The $74.89 billion sovereign wealth fund has a 15.0 percent target allocation to private equity that currently stands at 16.6 percent. APFC is overweight in private equity, but underweight in private real estate, infrastructure and private debt.
As illustrated in the charts below, APFC devotes 29.34 percent of its full investment portfolio to alternative assets. The institution has a strong appetite for North American and European buyout funds.
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