Searches and Hires

Alaska Permanent allocates $115 million

Alaska Permanent Fund Corp., Juneau, allocated $115 million total on behalf of its private equity and growth opportunities portfolio, said materials prepared for the board meeting on Wednesday and Thursday.

The $61.4 billion sovereign wealth fund committed $40 million to Vista Equity Endeavor Fund I, a buyout fund managed by Vista Equity Partners; $25 million to a Chequers Capital buyout fund; and $25 million to New Enterprise Associates 16, a venture capital fund.

The permanent fund also directly invested $25 million in cloud data management company Rubrik Inc.

Alaska Permanent has an 11% target to private equity/growth opportunity investments.

A spokeswoman could not immediately be reached for additional information.