AP
Alaska Permanent Fund
Sovereign wealth · Founded 1980 · Juneau, United States
Who Alaska Permanent Fund is.
- Historical Background
- The Alaska Permanent Fund was established in 1976 by an amendment to the Alaska State Constitution, which was approved by voters. The fund received its first deposit of $734,000 in dedicated oil revenues in 1977. The state-owned corporation, the Alaska Permanent Fund Corporation (APFC), was created in 1980 to manage and invest the fund's assets.
- Source of Capital
- The institution is a sovereign wealth fund, deriving its capital from the state's natural resource revenues. The Alaska State Constitution mandates that at least 25% of all mineral lease rentals, royalties, royalty sale proceeds, federal mineral revenue sharing payments, and bonuses received by the state be placed into the fund.
- Major Events
- There are ongoing discussions regarding structural changes to the fund, specifically merging its principal and earnings reserve accounts, to ensure its long-term sustainability and protect it from being depleted by draws that exceed earnings. The fund's value is subject to market fluctuations, having reached record highs as well as experiencing multi-billion dollar losses during significant market downturns.
- Allocation Strategy
- The fund's board adopts a long-term, diversified investment approach designed to achieve risk-adjusted returns across global markets. Asset allocation is reviewed annually and includes a mix of public equities, fixed income, private equity, private income, real estate, and infrastructure. In a recent strategic update, the board increased its target allocations for private equity and private income while reducing its exposure to real estate.
The funds Alaska Permanent Fund backs.
Alaska Permanent Fund is a limited partner in 216 funds. 34 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
How Alaska Permanent Fund’s fund book is spread.
The 216 funds Alaska Permanent Fund backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 215 of 216 with a location on record.
- North America 15572%
- Europe 4019%
- Rest of world 209%
United States 148 · United Kingdom 24 · Canada 7 · France 5
How established those managers are
Managers grouped by how many funds they have raised — across the 157 of 216 with a fund history on record.
Alaska Permanent Fund’s biggest exits.
Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Alaska Permanent Fund’s transaction record.
The companies Alaska Permanent Fund backs directly.
Alaska Permanent Fund holds 13 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
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USA13
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Health8
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Food2
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Energy1
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Fintech1
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Home Living1
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Series B+7
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Series A4
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Late Growth8
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Breakout Stage3
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Early Growth1
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Mature1
Inside Alaska Permanent Fund’s portfolio.
The 13 highest-funded portfolio companies, of 11 tracked.
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GeWhere Alaska Permanent Fund’s portfolio founders come from.
24 founders across the 13 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
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United States23
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Massachusetts Institute of Technology6
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Harvard Business School2
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Albert einstein college of medicine1
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Albert Einstein College of Medicine1
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Dartmouth College1
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Harvard Medical School1
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Harvard University1
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Humboldt University of Berlin1
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IE Business School1
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McGill University1
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Massachusetts Institute of Technology5
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Bucksurgical2
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Genentech2
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Kaleido Biosciences2
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McKinsey & Company2
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Washington University in St. Louis2
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AGBU1
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Agrinos1
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Alliance Data Systems1
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Alltrna1
Other LPs.
Other sovereign wealth funds in the Power Law LP ranking, closest to Alaska Permanent Fund by combined power-law score, with the assets each one manages and how many VC funds it backs.