APFC approves $850m in commitments

The Alaska sovereign wealth fund has backed five global infrastructure funds.

Institution: Alaska Permanent Fund
Headquarters: Juneau, United States
AUM: $60.37bn
Allocation to alternatives: 25.45%

Alaska Permanent Fund committed $500 million to Global Infrastructure Partners IV, $175 million to EQT Infrastructure IV, $75 million to Energy Spectrum Partners VIII, $75 million to Oaktree Power Opportunities Fund V and $25 million to Activate Capital Partners. All five funds will allocate a portion of capital raised to companies in North America, with Activate Capital and Energy Spectrum Partners VIII investing exclusively in the region.

The US sovereign wealth fund has a 5% target allocation to infrastructure that currently stands at 4.23%.

As illustrated in the charts below, APFC has a 25.45% allocation to alternative assets. The fund has a global appetite for both unlisted and listed equity.

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