Alaska Permanent Fund Corp., Juneau, committed $425 million total to five alternatives managers, confirmed spokeswoman Laura Achee.
The $50 billion sovereign wealth fund committed $100 million each to public infrastructure strategies managed by Cohen & Steers Capital Management and Wellington Management. It has a 4% target allocation to infrastructure.
The fund also committed $100 million to BlackRock Private Opportunities Fund III, a commingled fund that will focus on private equity co-investing, and another $100 million to a fund-of-one arrangement for a related BlackRock strategy.
Also, $25 million was committed to Oaktree Emerging Market Opportunities Fund, an emerging markets distressed debt fund managed by Oaktree Capital Management.