Alaska Permanent Fund Corp., Juneau, made $670 million in new commitments or direct investments, according to a report for the $66.5 billion sovereign wealth fund's board meeting Tuesday and Wednesday.
Within its private equity and special opportunities asset class, APFC committed $81 million to Permira VIII, a mid- to large-cap buyout fund managed by Permira Advisers; $75 million to Trident VIII, a global large-cap buyout fund managed by Stone Point Capital; $70 million to H.I.G. Middle Market LBO Fund III, a middle-market buyout fund managed by H.I.G. Capital; $60 million to Advent Global Private Equity IX, a buyout fund managed by Advent International; $50 million to buyout fund L Catterton IX; $30 million to venture capital fund New Enterprise Associates 17; and $20 million to Carlyle International Energy Partners II, an opportunistic energy fund managed by Carlyle Group.
The sovereign wealth fund also made direct private equity investments or co-investments of $35 million in SMARTfit Inc. and $25 million each in DigiCert Inc. and InnovaCare Health.
As of Sept. 30, the actual allocation to private equity and special opportunities was 14%.
Within its private income and infrastructure asset class, APFC committed $75 million each to private credit funds LBC Credit Partners V and Crestline Opportunity Fund IV, managed by Crestline Investors.
Also within private income and infrastructure, APFC made direct investments or co-investments of $20 million in DreamLine Inc., $17 million in Omnicare, and $6 million each in Albireo Energy LLC and Brazos Midstream Holdings LLC.
As of Sept. 30, the actual allocation to private income and infrastructure was 8%.