Alaska Permanent approves $123m commitment

The sovereign wealth fund has backed a fund managed by Intermediate Capital Group.

Alaska Permanent Fund has committed $123.3 million to ICG Europe VII, according to a board report. The middle-market mezzanine fund will focus on investments in companies based in Europe.

The $64.9 billion US public pension has a 2.80 percent target allocation to private debt that currently stands at 2.14 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.