Alaska Permanent Fund chooses new leader

The Alaska Permanent Fund Corp. (APFC) has selected Deven Mitchell as its new executive director.

Mitchell brings extensive experience with financial securities to the role, having worked for the Alaska Department of Revenue since 1992. His service as Alaska’s debt manager, as well as executive director and treasurer of the Alaska Municipal Bond Bank Authority, provides a solid foundation of fiduciary duty.

The APFC board of trustees made its selection at a public meeting on Oct. 3 in Juneau.

As of June 30, APFC had a 9 percent allocation to real estate against an 8 percent target allocation to the asset class.