Alaska Permanent Fund Corp., Juneau, disclosed $608 million in new commitments in a report for the sovereign wealth fund's upcoming board meeting Wednesday and Thursday.
The $60.5 billion sovereign wealth fund disclosed a commitment in April of $200 million to Kayne Anderson Real Estate Opportunity Debt Fund, an opportunistic real estate fund managed by Kayne Anderson Capital Advisors.
As of March 31, the actual allocation to real estate was 6%; the target is 12%.
Within its private equity and special opportunities asset class, APFC during the first quarter committed $75 million combined to two venture capital funds managed by Lightspeed Venture Partners: Lightspeed Venture Partners XIII, its core venture capital fund, and Lightspeed Venture Partners Select IV, its late-stage expansion fund.
APFC also committed a total of $55 million to two funds managed by Index Ventures: venture capital fund Index Ventures X and growth equity fund Index Ventures Growth V; $50 million each to Odyssey Investment Partners Fund VI, a middle-market buyout fund managed by Odyssey Investment Partners, and Vista Foundation Fund IV, a small-cap buyout fund managed by Vista Equity Partners; a total of $36 million to venture capital funds Battery Ventures XIII and Battery Ventures Select IX; $35 million to growth equity fund Insight Partners XI; $25 million to buyout fund L Catterton Latin America III; $18 million to middle-market private equity fund Wynnchurch Capital Partners V; and a total of $14 million to two funds managed by venture capital firm Mayfield Fund: Mayfield XV and Mayfield Select Fund.
As of March 31, the actual allocation to private equity and special opportunities was 13%, equal to its target.
Within its infrastructure and private income asset class, APFC committed $50 million to H.I.G. Whitehorse Direct Lending Fund 2020, a direct lending fund managed by H.I.G. Capital's credit affiliate Whitehorse Capital.
As of March 31, the actual allocation to infrastructure and private income was 8%, equal to its target.