The $76 billion Alaska Permanent Fund Corp. (APFC) unveiled a series of commitments to infrastructure funds at its Feb. 15 meeting.
The sovereign wealth fund committed $107 million to Antin Infrastructure Partners V, managed by Antin Infrastructure Partners; $50 million to North Haven Infrastructure Partners IV, managed by Morgan Stanley; $50 million to Berkshire Digital Infra I, managed by Berkshire Partners; and $50 million to EnCap Energy Transition Fund II, managed by EnCap Investments.
The investments were made on behalf of APFC’s private income/infrastructure asset class, which has a 8.2 percent actual weight against a 9 percent target weight.
As of Sept. 30, 2022, 57 percent of the private income structure was invested in infrastructure funds, which includes a diversified portfolio of infrastructure, energy and generation assets. Listed Infrastructure makes up 4.1 percent of the allocation.