Asset Owner Directory

Alaska Permanent Fund Corporation

APFC is a state-owned corporation, based in Juneau, that manages the assets of the Alaska Permanent Fund and other funds designated by law, such as the Alaska Mental Health Trust Fund.

Country

United States

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$73

Performance (%, 1YR)

5.18

Chief Executive

Deven Mitchell

Chief Investment Officer

Marcus Frampton

Chair

Ethan Schutt

Asset allocation

Asset allocation target not actual

35% Public Equities

18% Fixed Income

20% Private Equity

10% Real Estate

9% Private Income

7% Absolute Return

0% Risk Parity

1% Cash

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of June 30, 2023. All information is as per the most recent annual report or other publicly available data via the fund's website

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Investor Profile

Alaska grows wary of private equity

Alaska's CIO Marcus Frampton explains why he's keen to pare back private equity. Writing smaller cheques comes with consequences but he'd rather get the right portfolio exposures ahead. Absolute return and RE become a focus.

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Governance

Alaska’s recruitment challenges threaten performance and reputation

Recruitment and retention of investment and operations staff at the $79.4 billion Alaska Permanent Fund Corporation is now so acute the fund is exposed to operational risk with potential adverse impacts on performance and corporate reputation.

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FIS Digital – June 2020

Transition portfolios of stocks and cash

Forget traditional portfolios of stocks and bonds, in portfolios of the future, low yielding bonds could be ditched for cash suggest FIS2020 Digital panellists.

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Risk

Alaska focuses on risk, cautious outlook

A year ago, the Alaska Permanent Fund appointed its first chief risk and compliance officer, Sebastian Vadakumcherry. With current investment conditions, and a move to a more conservative outlook, the relationship between Vadakumcherry and CIO, Marcus Frampton is proving its worth. We look at the fund’s approach to risk, its outlook for capital markets, and how data will give it an edge.

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