Alaska Permanent Fund Corp., Juneau, disclosed $518 million in alternative fund commitments completed during the quarter ended Dec. 31 in a report from CIO Marcus Frampton included with materials for the $76.8 billion sovereign wealth fund's upcoming board meeting Wednesday.
Within its private income and infrastructure asset class, APFC committed $107 million to infrastructure fund Antin Infrastructure Partners V; $75 million to Atalaya Asset Income Fund Evergreen, a private credit fund managed by Atalaya Capital Management; and $50 million each to Berkshire Digital Infrastructure Fund I, an infrastructure fund managed by Berkshire Partners, EnCap Energy Transition Fund II, a clean-energy fund managed by EnCap Investments, and North Haven Infrastructure Partners IV, an infrastructure fund managed by Morgan Stanley Infrastructure Partners.
As of Dec. 31, the actual allocation to private income and infrastructure was 8.4%; the target is 9%.
Within private equity, APFC committed $100 million to Crestline AK Advisory Investments III, a private equity co-investment fund managed by Crestline Investors; $15 million each to buyout fund GTCR Fund XIV, middle-market buyout fund Incline Equity Partners VI and venture capital fund WestView Capital Partners V; $15 million and $10 million to Goodwater Capital V and Goodwater Infinity III, respectively, both venture capital funds managed by Goodwater Capital; and $8 million each to venture capital funds HV Capital Fund IX Growth Fund and HV Capital Fund IX Venture Fund.
As of Dec. 31, the actual allocation to private equity was 20%; the target is 17%.