Institution:Â Alaska Permanent Fund
Headquarters:Â Juneau, United States
AUM:Â $65.05bn
Allocation to alternatives:Â 27.33%
Alaska Permanent Fund has committed $75 million to Clearlake Opportunities Partners II. The distressed debt fund targets $1 billion and will invest in diversified sectors throughout North America.
The US sovereign wealth fund has a 2.80% target allocation to private debt that currently stands at 2.14%.
As illustrated in the charts below, APFC currently allocates 27.33% to alternative assets. The fund has a significant appetite for North American corporate debt vehicles.
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