Alaska Permanent Fund Corporation

Curious about a career in finance or investing? In this short video, APFC Chief Investment Officer Marcus Frampton and Chief Risk Officer Sebastian Vadakumcherry share invaluable advice for aspiring professionals. They highlight the importance of hard work, humility, and the willingness to take risks, while emphasizing that finance is a dynamic and rewarding field for those ready to learn and grow. Watch the video to hear their insights and tips for building a career in finance.

What's available for the Legislature to appropriate - sometimes called "spendable" - in the Earnings Reserve Account? There are $1.5 billion of realized, uncommitted earnings ("realized" meaning that it's earned and received income). These funds are not assigned or budgeted for future use and can be used to support FY26 inflation proofing and the FY27 POMV draw. It's important to note that the upcoming FY26 POMV draw and the FY25 inflation proofing are separately accounted for as assigned "commitments.” The October 2024 Financial Statement report can be found on our website.

The Alaska Permanent Fund's financial statements show that its total unaudited value was $79.0 billion as of October 31, 2024. The Principal totaled $71.3 billion (the nonspendable portion), consisting of: $58.5 billion in permanent savings contributions $12.8 billion in unrealized gains The Earnings Reserve Account or "ERA" (includes the spendable and committed portions) totaled $7.7 billion, consisting of four parts. $3.8 billion for the FY26 POMV draw to the General Fund $1.0 billion FY25 Inflation Proofing of the Principal $1.5 billion of uncommitted realized earnings $1.4 billion in unrealized gains The October 2024 Financial Statement Report is available at https://lnkd.in/eqPeykF.

The Alaska Permanent Fund stands as a testament to Alaskans—past, present, and future. Since its creation in 1976, APFC has managed the Fund to ensure long term financial performance returns for the benefit of all Alaskans. Over the years, the Fund has grown from an initial deposit of $734,000 to over $80 billion today.

At the SuperReturn North America conference last week, APFC’s Deputy CIO of Private Markets Allen Waldrop shared his insights with S&P Global Market Intelligence reporter Dylan Thomas on APFC’s private equity strategy. Allen discussed how APFC has benefitted from maintaining a consistent and patient approach to investment pacing, the role private equity plays in the APFC portfolio, and the importance of maintaining a long-term view when investing in the asset class. Read the full article here: https://lnkd.in/gJvXqNTi.

At APFC, our core values are integrity, stewardship, and passion. We strive to continually earn and justify the trust and confidence of each other and those we serve, making sure we wisely invest and protect what we have been entrusted with. We manage investments across 70 countries, ensuring Alaska’s wealth is globally diversified for long term stability. Together, we're focused on creating a prosperous future for all generations to come.

In a recent discussion, Chief Investment Officer Marcus Frampton and Chief Risk & Compliance Officer Sebastian Vadakumcherry shared their expert perspectives on how the Alaska Permanent Fund Corporation ensures long-term growth and sustainability for future generations of Alaskans. Key takeaways include: ? The importance of maintaining a long-term investment approach, free from non-financial or political influence. ? How APFC leverages Modern Portfolio Theory to optimize returns while managing risk. ? How the Fund's proactive approach to risk management is made possible by continuous monitoring and adjustments to both public and private market exposure. Frampton and Vadakumcherry also discussed APFC’s evolution, including the addition of new asset classes to adapt to changing global markets over time. Watch the full video to meet the investment leaders at APFC and learn how they and their team build a diversified portfolio to maximize returns while protecting capital.

APFC’s Allen Waldrop, Deputy CIO – Private Markets, spoke this morning at the #SuperReturn North America conference on the "LP Allocation Strategies" panel. Allen and fellow speakers discussed looking for opportunities in the current climate, how approaches to manager selection and due diligence continue to evolve, and more.

The creation of the Alaska Permanent Fund and APFC was a bold move to secure our state’s financial future. By prudently investing a portion of Alaska's resource-based wealth, we've transformed nonrenewable assets into a lasting benefit for all generations. Since its inception, APFC has generated over $87 billion in earnings, continuing to support Alaskans today and tomorrow.

We're #hiring an Accounting Technician in Juneau, AK. At APFC, we believe in hiring exceptional professionals to support our vision to deliver outstanding returns for the benefit of all current and future generations of Alaskans. Apply today or share this post with your network.