APFC launches $500m co-investment vehicle

The $65bn sovereign wealth fund teams up with Pathway Capital Management.

The Alaska Permanent Fund Corporation (APFC) has formed a $500 million private credit co-investment fund with Pathway Capital Management, according to a press release issued by Pathway today.

The $65 billion US sovereign wealth fund has a 1.8 percent allocation to private credit, slightly below its target of 2.8 percent. Platinum subscribers may click here for the APFC’s full profile, including key contacts, allocation strategy and fund investments.