Alaska Permanent Fund expands infrastructure program
The board of trustees of the Alaska Permanent Fund Corp. has approved changes to its investment policy allowing new real assets investments to fall under the infrastructure program, says Laura Achee, director of communications.
According to a statement on the APFC website, the addition covers both tangible and intangible assets such as timberland, agricultural farmland and leasable hard assets such as aircraft or railcars.
“The reason for the change is that it would allow staff to consider a wide range of real asset categories with similar characteristic as those envisioned for infrastructure,” says Achee.
APFC’s target allocation to infrastructure is 4 percent; its actual allocation is 2.7 percent.