APFC approves $75m commitment

The US sovereign wealth fund has backed EQT's fifth infrastructure fund.

Institution: Alaska Permanent Fund
Headquarters: Juneau, US
AUM: $74.89 billion
Allocation to alternatives: 29.34%

Alaska Permanent Fund has confirmed a commitment of $75 million to EQT Infrastructure Fund V, according to a document from a February board meeting.

The $74.89 billion sovereign wealth fund has a 5.0 percent target allocation to infrastructure that currently stands at 3.7 percent. APFC is underweight in infrastructure, private real estate and private debt, but overweight in private equity.

As illustrated in the charts below, APFC devotes 29.34 percent of its full investment portfolio to alternative assets. The institution has a strong appetite for global funds that target multiple sectors including energy, social infrastructure and renewables.

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