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Asset Owners

Alaska Permanent posts 8.45% return for six months

Alaska’s Resurrection Bay, near Seward

Alaska Permanent Fund, Juneau, returned a net 8.45% in the six months ended Dec. 31, the $64 billion sovereign wealth fund announced in a news release Monday.

The fund's return exceeded its performance benchmark by 127 basis points. Alaska Permanent measures its performance benchmark with an index blend that reflects its asset allocation, the news release said.

The fund also returned an annualized net 9.2% and 9.1%, respectively, for the three and five years ended Dec. 31, above the respective performance benchmarks of 7% and 8.1%. One-year figures were not provided.

Among the fund's asset classes, private equity and growth opportunities led the way with a 13.9% net return for the six months ended Dec. 31, followed by international equities, 13.1%; infrastructure, 12.4%; domestic equities, 11.7%; and global equities, 10.8%.

Other asset class returns for the six months ended Dec. 31 were multiasset strategies, 6.1%; private credit, 5%; absolute return, 4.4%; asset allocation strategies, 3.7%; and real estate, 3.1%.

Alaska Permanent said in the news release that strategies in its fixed-income-plus portfolios outperformed their benchmarks for the six months ended Dec. 31, but it did not disclose the returns themselves.

As of Dec. 31, the actual asset allocation was 43.7% public equities; 21.2% fixed income-plus; 11.8% private equity and growth opportunities; 8.7% real estate; 5.4% infrastructure, private credit and strategic opportunities; 5.3% asset allocation strategies; and 3.9% absolute return.

Paulyn Swanson, APFC spokeswoman, could not be immediately reached to provide further information.