Alaska Permanent Fund Corp., Juneau, committed $80 million total to two private equity funds, documents prepared for last week’s board meeting show.
The $52.8 billion sovereign wealth fund committed $45 million to Catalyst Fund IV, a distressed debt fund managed by Catalyst Capital Group, and $35 million to Insight Venture Partners IX, a venture capital fund.
As of Dec. 31, the permanent fund had a 5.6% allocation to private equity.
Separately, the sovereign wealth fund rehired KPMG as auditor, spokeswoman Laura Achee said in an e-mail.
An RFP was issued in December due to KPMG’s upcoming contract expiration on Sept. 30.