Institutional Investors

Alaska Permanent adds debt to absolute return portfolio

by

The Alaska Permanent Fund Corporation has folded debt holdings into its absolute return portfolio and hired two new managers in its recent board meeting in Juneau.

The change made to the $2 billion absolute return portfolio clarified that the Alaska Permanent Fund may invest in commingled funds using strategies such as distressed debt or mezzanine debt. The board for the $35 billion fund hired managers for a new allocation to mezzanine debt, which was approved at the December meeting. Oaktree Capital Management and Audax Management Company will receive initial allocations