LP Tearsheet

Alaska Permanent Fund approves $75m commitment

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

By
Stephen Schultz
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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% 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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