The Alaska Permanent Fund (APF) is a state-managed investment fund established in 1976 to safeguard Alaska's oil revenues. Managed by the Alaska Permanent Fund Corporation (APFC), the fund invests in a diverse portfolio of assets, including public and private equities, with a focus on long-term growth and sustainability. While not primarily a venture capital fund, APF participates in various investment stages, from Series A to Series F rounds.
APF's portfolio includes notable companies in the biotech and agriculture sectors, such as Denali Therapeutics, Generate Biomedicines, and Indigo. The fund's investment philosophy emphasizes delivering outstanding returns for Alaska's beneficiaries through efficient management and good governance practices. APFC, based in Juneau, operates under established by-laws, governance policies, and investment strategies to ensure effective stewardship of the state's resources.
Alaska Permanent Fund - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Total Investments10
Current Portfolio Count4
Total Portfolio Exits1
Top Investment Stages
Series B4 (44.4%)
Series A2 (22.2%)
Series C1 (11.1%)
Series D1 (11.1%)
Series E1 (11.1%)
Stage Mix
Series B 44%Series A 22%Series C 11%Series D 11%Series E 11%
Concentration shown as share of disclosed investments by stage.
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Alaska Permanent Fund - Classification
- Also Known As
- Alaska Permanent Fund Corporation
- NAICS
- 520000Finance and Insurance
- 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- 523900Other Financial Investment Activities
- 523990All Other Financial Investment Activities
- 523999Miscellaneous Financial Investment Activities
- SIC
- 6700Holding And Other Investment Offices
- 6720Investment Offices
- 6722Management Investment Offices, Open-end
Show 12 more industry codes
- NAICS
- 525100Insurance and Employee Benefit Funds
- 525110Pension Funds
- 922000Justice, Public Order, and Safety Activities
- 922100Justice, Public Order, and Safety Activities
- 922190Other Justice, Public Order, and Safety Activities
- 920000Public Administration
- 525000Funds, Trusts, and Other Financial Vehicles
- SIC
- 9100Executive, Legislative, And General Government, Except Finance
- 9200Justice, Public Order, And Safety
- 9220Public Order And Safety
- 9229Public Order And Safety, Not Elsewhere Classified
- 6000Depository Institutions