Alaska Permanent Fund Corp., Juneau, made $227 million in new commitments in the quarter ended June 30, a report for the $65.4 billion sovereign wealth fund's board meeting this week shows.
Within its private equity and special opportunities asset class, APFC made commitments to four venture capital funds managed by Sequoia Capital: a total of $42 million to Sequoia China Venture VIII and Sequoia Growth VI and a total of $25 million to Sequoia U.S. Venture XVII and Sequoia U.S. Growth IX.
Also, APFC committed $40 million to Spectrum Equity IX, a growth equity fund managed by Spectrum Equity Management, and $20 million to venture capital fund Summit Partners Venture Capital V.
As of June 30, the actual allocation to private equity and special opportunities was 14.4%; the target is 13%.
Within its infrastructure and private income asset class, APFC committed $50 million each to Audax Mezzanine Fund V, a mezzanine debt fund managed by Audax Group, and Whitehorse Liquidity Partners IV, a secondary private equity fund of funds managed by Whitehorse Liquidity Partners.
Also, APFC reported selling a total of $637 million in infrastructure investments during the second quarter; which investments were sold was not disclosed.
As of June 30, the infrastructure and private income asset class's actual allocation was 8%, equal to its target.
APFC spokeswoman Paulyn Swanson could not be immediately reached for further information.