Alaska Future Fund

DESCRIPTION

The Alaska Future Fund (the "Future Fund") is a $100 million program that invests in businesses and projects that support core sectors of the Alaskan economy—including, but not limited to, natural resources, transportation and infrastructure—to grow the Alaskan economy and foster the next generation of private market opportunities in the state of Alaska. The Future Fund will prioritize opportunities to invest directly in private market sponsor funds or alongside private market sponsors in companies with headquarters, operations, or a bona fide plan to operate in Alaska.

The Future Fund is sponsored by the Alaska Permanent Fund Corporation (“APFC”) and is managed by Barings.

Alaska Permanent Fund Corporation
The Alaska Permanent Fund Corporation (“APFC”), a $64.5 billion state-owned corporation, that manages the assets of the Alaska Permanent Fund and other funds designated by law. The APFC was created by the Alaska Legislature in 1980 as a quasi-independent state entity tasked with the important mission of prudently investing and managing the assets of the Alaska Permanent Fund (the “Fund”). As one of the first sovereign wealth funds, and the largest fund of its kind in the United States, the Alaska Permanent Fund has gained world-wide recognition as a model for converting a non-renewable natural resource into renewable financial resource.

Barings
Barings LLC (“Barings”) is a global asset management firm with over $335 billion of assets under management across all major asset classes, as well as a global presence with over 800 investment professionals and 41 offices in 17 countries. The Barings Alternative Investment (“BAI”) platform seeks to find differentiated sources of return across private equity, real assets, asset-based investments and the four quadrants of real estate. Further, the Barings Funds & Co-Investments (Barings “FCI”) team serves as a professional limited partner investing across all major investment strategies and geographies within private markets-including buyouts, growth, private credit, infrastructure, natural resources and real estate across the globe. Over its 28-year track record, the Barings FCI team has established custom, outcome-oriented solutions through differentiated portfolio construction, access to constrained markets, and adaptability to changing markets and client priorities.