Alaska Permanent Fund approves $250m in commitments

The US sovereign wealth fund has committed to two North America-focused vehicles.

Institution: Alaska Permanent Fund
Headquarters: Juneau, United States
AUM: $62.62bn
Allocation to alternatives: 27.92%

Alaska Permanent Fund has announced a $200 million commitment to Kayne Anderson Real Estate Opportunistic Debt and a $50 million commitment to H.I.G. WhiteHorse Direct Lending Fund – 2020, according to its May board meeting packet.

The $62.62 billion sovereign wealth fund has a 2.8 percent target allocation to private debt that currently stands at 2.3 percent.

As illustrated in the charts below, APFC devotes 27.92 percent of its full investment portfolio to alternative assets. The fund has a strong appetite for North America-focused vehicles.

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