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Alternative Market Briefing

Alaska Permanent Fund and Barings partner on the Alaska Future Fund

Friday, October 04, 2019

Bailey McCann, Opalesque New York:

The Alaska Permanent Fund Corporation, a state owned corporation that manages the assets of the Alaska Permanent Fund and Barings have partnered to launch the Alaska Future Fund.

The vehicle, which has an initial commitment of $100 million, seeks to identify and support private funds and private market businesses/projects that are either based in Alaska, have investment operations in Alaska or have a current bona fide plan to operate in Alaska. The Alaska Future Fund will invest in businesses and projects that support core sectors of the Alaskan economy, including, but not limited to, real assets, natural resources, transportation and infrastructure.

"With the launch of the Alaska Future Fund, Barings is seeking investment opportunities that will benefit Alaska's development and generate strong market-based investment returns," said Mina Pacheco Nazemi, Managing Director at Barings Alternative Investments. "These investments may be in the form of capitalizing fund managers or investing alongside fund managers in businesses or projects."

McKinley Capital Management, the largest financial services company in Alaska will also get a $100 million allocation through the program to identify emerging and established private equity and venture capital opportunities.

As of June 30, 2019 the Alaska Permanent Fund had $65.4 billion in assets under management.......................

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