Alaska Permanent Fund

Investment staff recommend reducing the SWF's allocation to the asset class by 1% annually over a three-year period, CIO Marcus Frampton said at a board meeting.

Mixing unaccredited investor capital with wealth capital via vehicles with differing levels of regulation could lead to a backlash against the industry, the private markets veteran told delegates at PEI Group's NEXUS 2026 event.

The $85bn fund needs to think about whether it will be investing alongside retail capital when it evaluates GPs, according to deputy CIO Allen Waldrop.

The proportion of LPs seeking to invest more in private equity has been hit by performance concerns, while Europe looks to benefit from US uncertainty.

'We tend to like single-asset continuation vehicles if the story is right [and] if it’s with a sponsor that we think is the right owner for that asset going forward,' according to deputy CIO Allen Waldrop.

LPs cite seven issues that they wish fund managers better understood about their needs in exclusive research for PEI’s NEXUS event.

Manager selection has become a critical point for LPs including Alaska Permanent and CPP Investments as they continue to focus on the asset class's ability to deliver alpha.