Alaska Permanent Fund assigns $683 million
Alaska Permanent Fund assigns $683 million
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Alaska Permanent Fund Corp., Juneau, made $683 million in commitments and investments in the quarter ended March 31, a report for the $77 billion sovereign wealth fund s board meeting this week shows.
Within its private income and infrastructure asset class, APFC committed $75 million to
Digital Colony Partners II, an infrastructure fund that concentrates on data centers, cell towers and digital billboards among other investments, and $50 million to EnCap Energy Transition Fund I, a clean-energy fund managed by
EnCap Investments.
The sovereign wealth fund also made a direct investment of $68 million in Viva 3, purchasing the life settlement portfolio from Blackstone Group; made a $16 million follow-on investment in Vena Energy; and a $15 million co-investment in Bluestem Energy Solutions.
Nearly half, or $650 million of its monthly allocation, went toward real estate funds.
The $247.7 billion New York State Common Retirement Fund (NYSCRF) committed more than $1.3 billion in new investments in March, nearly half of which was allocated to real estate funds, with the remainder going toward investments in fixed income, private equity, credit, and its Emerging Manager Program.
The pension fund committed $650 million to real estate funds, including $300 million to the LaSalle Property Fund, an open-ended fund structure that acquires and manages a diversified portfolio of core real estate; and $200 million to Oaktree Real Estate Opportunities Fund VIII, which focuses on opportunistic real estate debt and equity investments. Although the pension fund has an existing relationship with Oaktree Capital Management, it is a new relationship for the fund’s real estate team.
New York State Common discloses $1.1 billion in commitments
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New York State Common Retirement Fund, Albany, made 11 commitments totaling $1.08 billion in March, a newly released transaction report shows.
The report, posted on the website of Thomas DiNapoli, the state s comptroller and sole trustee of the $247.7 billion pension fund, disclosed within its real estate asset class a commitment of $300 million to LaSalle Property Fund, an open-end core real estate fund managed by
LaSalle Investment Management; $200 million to Oaktree Real Estate Opportunities Fund VIII, a distressed real estate fund managed by
Oaktree Capital Management; and $150 million to Kayne Anderson Real Estate Partners VI, an opportunistic real estate fund managed by