Alaska Permanent Fund commits $238.5m

The $62,4bn US sovereign wealth fund targeted 4 private credit strategies to close out 2017.

The Alaska Permanent Fund (APFC) committed $238.5 million to three private credit funds in the second half of 2017, according to documents from the fund’s board meeting last week.

The $62.4 billion US sovereign wealth fund committed $38.5 million to Alchemy Special Opportunities Fund IV, $50 million to Atalaya Asset Income Fund IV, $100 million to Broadriver III and $50 million to Monroe Private Credit Fund III.

The APFC has a 5 percent target allocation to private debt strategies that currently stands slightly under 2 percent.

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