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Sovereign Wealth Funds Briefing - Categorized | Investment

Permanent Fund makes winning bet on a startup

Posted on 16 November 2016

The Alaska Permanent Fund Corp. has made another winning bet on a startup company, banking more than $300 million after providing early capital for a giant home-rental firm that took advantage of the collapse of the nation’s housing market.
That initial investment came in 2012, when Permanent Fund managers put down $600 million to help start American Homes 4 Rent, created by California self-storage billionaire B. Wayne Hughes Jr. of the Public Storage empire………………………………….Full Article: Source


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