Alaska Permanent Fund Corp. and investment manager Barings LLC launched the Alaska Future Fund.
The fund has an initial commitment of $100 million and it will invest in Alaska-based private funds and private market businesses and projects that are based in Alaska, have investment operations in the region, or have a current, bona fide plan to operate there.
The Alaska Permanent Fund Corp. was created in 1980 as an independent state entity charged with managing and investing the assets of the Alaska Permanent Fund. The fund is a sovereign wealth fund established in 1976.
Barings is an asset manager operating across public and private markets.
