Alaska Permanent Fund Corp. throws $300m into Fairfield, Aimco real estate funds

The $73 billion Alaska Permanent Fund Corp. (APFC) has disclosed $600 million of real estate investments, according to Dec. 7 meeting notes.

The APFC committed $300 million to the open-ended Fairfield Affordable Housing Fund and $300 million to an unnamed multifamily development joint venture with Aimco during the quarter ending Sept. 30.

The Fairfield Affordable Housing Preservation Fund, Fairfield’s first affordable housing–focused investment vehicle open to third-party investors, launched in October. At that time, the company was raising founders round capital with a target of $1 billion of equity commitments. The fund will primarily acquire rent- and income-regulated affordable housing assets in markets throughout the United States.

Aimco is a diversified real estate investment company with a nearly 30-year history of growth and innovation in the multifamily sect