Alaska Permanent Fund Corp., Juneau, plans to make commitments, direct investments and co-investments to alternative investment funds totaling $2.9 billion during fiscal year 2020, spokeswoman Paulyn Swanson said in an email.
The $65.8 billion sovereign wealth fund plans to invest or commit about $1.6 billion to funds within its private equity and special opportunities portfolio in the fiscal year ending June 30, 2020, "while maintaining flexibility to increase or decrease deployment by up to $550 million based on market conditions, opportunistic deal flow and transaction timing," Ms. Swanson said.
As of March 31, the actual allocation to private equity and special opportunities was 12.9%.
Alternative investments staff at APFC's May 23-24 meeting also disclosed they plan to invest or commit about $1.3 billion within its infrastructure and private income portfolio while "maintaining flexibility to increase or decrease deployment by up to $300 million for FY 2020," Ms. Swanson said.
As of March 31, the actual allocation to infrastructure and private income was 8.1%.
