Alaska Permanent Fund approves $75m commitment

The US sovereign wealth fund has backed a North American distressed debt fund.

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Institution: Alaska Permanent Fund
Headquarters: Juneau, United States
AUM: $65.05bn
Allocation to alternatives: 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%

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