Alaska Permanent Fund Corp., Juneau, announced four new commitments totaling $900 million in Dec. 10-11 board meeting materials.
The $51 billion sovereign wealth fund committed $500 million to Dyal Capital Partners III, a private equity fund managed by Neuberger Berman that plans to make minority stakes in established private equity managers.
In addition to the commitment already announced, the board at its meeting approved an additional $50 million commitment to the fund, along with $500 million in co-investments, said Laura Achee, spokeswoman.
Separately, the sovereign wealth fund committed $200 million to American Homes 4 Rent II, a fund that purchases packages of vacant homes and manages them as rental properties. The sovereign wealth fund has previously committed a total of $760 million to American Homes 4 Rent since 2012.
The sovereign wealth fund also made two new commitments to The Carlyle Group as part of its external private markets outsourced CIO program, committing $100 million to NGP Natural Resources XI and another $100 million to the program's umbrella vehicle. The natural resources fund is managed by Carlyle-backed NGP Energy Capital Management.