Alaska Permanent Fund Corp., Juneau, committed $250 million to Morgan Stanley Infrastructure II, said agenda materials prepared for the Sept. 25-26 board meeting.
Investment staff made the commitment “under authority granted at prior board meetings to make commitments within set amounts,” Laura Achee, spokeswoman, wrote in an e-mail.
As of Aug. 31, the $50.6 billion sovereign wealth fund had a 2.5% allocation to infrastructure.
Separately, the fund rehired BNY Mellon for custodial/securities lending services for a five-year period. BNY Mellon's current contract expires on June 3, 2015. An RFP was not issued.