Alaska Permanent Fund commits $80m to Asia-focused investment funds

Shanghai, China. Photo by Li Yang on Unsplash

Alaska Permanent Fund Corporation, the largest sovereign wealth fund in the United States, committed $80 million to Asia-focused alternative investment funds in the quarter ended March 31, 2021. 

According to material for its board of trustees quarterly meeting this week, Alaska Permanent committed a total of $309 million to private equity and special opportunities funds in the Jan-March quarter. Of this, $50 million was allocated to Chinese private equity firm Boyu Capital’s fifth fund, Boyu Capital Fund V, and Boyu Capital Growth Fund I, a growth vehicle launched in March 2021.

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