Alaska Permanent Fund Corp., Juneau, disclosed $822 million in commitments for the quarter ended June 30 in a report from CIO Marcus Frampton included with materials for the $77.3 billion sovereign wealth fund's upcoming Sept. 21-22 board meeting.
Within APFC's real estate asset class, investment staff committed $300 million to CBRE U.S. Logistics Partners, an open-end core-plus real estate fund managed by CBRE Investment Management, and $100 million to a real estate joint venture with Greystar Real Estate Partners to pursue multifamily developments.
As of June 30, the actual allocation to real estate was 9%; the target is 8%.
Within its infrastructure and private income asset class, investment staff committed $100 million to Hackman Capital Partners Studio Fund, a real estate fund that seeks investments in studio properties and media assets; $75 million to Kreos VII, a European debt growth fund managed by Kreos Capital; $26 million to an undisclosed co-investment managed by KKR & Co.; and a $25 million co-investment in ION Intermediate Holdings LLC.
As of June 30, the actual allocation to infrastructure and private income was 7.8%; the target is 9%.
Within private equity and special opportunities, investment staff committed $50 million and $25 million, respectively, to growth equity fund L Catterton Growth V and buyout fund L Catterton X; $40 million each to Charlesbank Credit Opportunities Fund III, a mezzanine debt fund managed by Charlesbank Capital Partners, and H.I.G. Advantage Buyout Fund II, a middle-market buyout fund managed by H.I.G. Capital; $31 million to European middle-market buyout fund Bain Capital Europe VI; and $10 million to growth equity fund Fortissimo Capital VI.
As of June 30, the actual allocation to private equity and special opportunities was 20.9%; the target is 16%.
