Alaska Permanent Fund Corp., Juneau, disclosed $360 million in commitments for the quarter ended March 31 in a report from CIO Marcus Frampton included with materials for the $82.8 billion sovereign wealth fund's board meeting scheduled for Wednesday and Thursday.
Within its infrastructure and private income asset class, APFC committed $75 million each to Clearlake Opportunities Partners III, a non-control and special situations fund managed by Clearlake Capital Group, and Sprott Private Resource Lending Fund III, a direct lending fund managed by Sprott Asset Management; and $25 million to Whitehorse Liquidity Partners V.
As of March 31, the actual allocation to infrastructure and private income was 7.7%; the target is 9%.
Within its private equity and special opportunities asset class, the sovereign wealth fund committed a total of $40 million total to venture capital funds Battery Ventures XIV and Battery Ventures Select Fund II; $40 million to growth equity fund JMI Equity Fund XI; a total of $40 million to venture capital funds Lightspeed Venture Partners XIV and Lightspeed Venture Partners Select V; a total of $40 million to Green Equity Investors IX and Jade Equity Investors II, both buyout funds managed by Leonard Green & Partners; and $25 million to ARCH Venture Fund XII, a venture capital fund managed by ARCH Venture Partners.
As of March 31, the actual allocation to private equity and special opportunities was 19.5%; the target is 16%.
