A first: Permanent Fund is going to invest in Alaska

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The Alaska Permanent Fund Corporation announced a new Alaska Investment Program.

The Fund’s Board of Trustees passed a resolution last week directing the staff to bring in external private market fund managers to execute the private market investment program, and allocated $200 million to the initial effort.

Following a competitive process, two external fund managers were selected to implement this strategy: McKinley Capital Management, LLC and Barings, LLC. 

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