Alaska Permanent Fund Corp., Juneau, allocated $600 million total to two managers, said an investment report prepared for this week’s board meeting.
In infrastructure, the $52.5 billion sovereign wealth fund committed $500 million to Global Infrastructure Partners III, which will invest in large-scale infrastructure assets on a global basis.
Separately, the fund invested an additional $100 million with existing high-yield manager Capital Group in March. At the end of February, Capital Group managed $143.4 million in a corporate high-yield strategy and another $534.9 million in an emerging markets government high-yield bond strategy. It could not be learned by press time how the $100 million was allocated.
A fund spokeswoman could not immediately be reached for further information.