Alaska Permanent Fund Corp., Juneau, approved a private markets pacing plan for fiscal year 2017 starting July 1, said a news release from the $52.7 billion sovereign wealth fund.
Under the pacing plan approved at this week’s board meeting, $900 million total would be committed to traditional private equity funds and co-investments in fiscal year 2017, with co-investments limited to $225 million. This allocation could increase by $200 million based on market opportunities.
Additionally, the pacing plan calls for up to $350 million total for structured private equity, which could increase by $200 million based on market opportunities.
The other planned private markets allocations are up to $800 million for opportunistic investments; $350 million to private credit; and up to $350 million total to infrastructure and other real assets funds and co-investments, which could increase by $200 million based on market opportunities.
As of March 31, APFC had a 12% allocation to private markets.
A spokeswoman could not immediately be reached for additional information.