Alaska Permanent Fund Corp., Juneau, committed $55 million to Genstar Capital Partners XI.
The $76.4 billion sovereign wealth fund's investment staff made the commitment to the middle-market buyout fund in April, according to a transaction report included with materials for its upcoming May 17-18 board meeting.
APFC previously committed $25 million to Genstar Capital Partners X in 2021.
As of March 31, the actual allocation to private equity was 19.9%; the target is 17%.
