Alaska Permanent Fund Corporation

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Alaska Permanent Fund Corporation APFC manages and invests the assets of the Alaska Permanent Fund and other funds designated by law.

The Alaska Permanent Fund was created in 1976 to save a portion of Alaska's oil royalties.The Permanent Fund turns a non-renewable natural resource into a renewable financial resource through prudent investments. The Fund's investments are managed by the Alaska Permanent Fund Corporation.

APFC’s internship program gives Alaska-connected students meaningful experience with one of the world’s largest sovereig...
30/10/2026

APFC’s internship program gives Alaska-connected students meaningful experience with one of the world’s largest sovereign wealth funds.

In 2026, Josiah Nyman and Kian Flynn worked with APFC’s Investments and Finance teams in Juneau. Leo Mlacnik and Bennett Main gained industry experience with Denali Advisors and L&B Realty Advisors.

Their projects included Fixed Income research, management-fee analysis, private-credit data tools and real estate portfolio review—real work that helps students build careers in finance, investment and public service.

APFC is entrusted with protecting and growing the state’s most valuable renewable financial asset—the Alaska Permanent F...
26/10/2026

APFC is entrusted with protecting and growing the state’s most valuable renewable financial asset—the Alaska Permanent Fund.

Through clear, transparent reporting, APFC maintains its accountability to the people of Alaska. APFC publishes unaudited market values and comprehensive public reports on a monthly, quarterly, and annual basis.

Learn more about the Fund and APFC’s transparent reporting at apfc.org.

By the late 1990s, the Permanent Fund’s earnings were growing as oil production and revenue declined. The question was n...
21/10/2026

By the late 1990s, the Permanent Fund’s earnings were growing as oil production and revenue declined. The question was no longer only how to invest the money. It was what Alaskans should do with the income.

The Alaska Humanities Forum and more than a dozen partners launched Principles & Interests, a statewide public process that included a conference, local town halls, and a televised gathering. By 1998, organizers had held about 140 community forums and engaged thousands of Alaskans.

Participants debated dividends, public services, savings, and the Fund’s long-term purpose. The process did not produce a simple consensus. Alaskans could agree that the Fund mattered while disagreeing about what stewardship required.

APFC supported the effort with information and assistance while describing its role as nonpolitical. The Corporation’s responsibility was to explain the Fund and the consequences of different choices, not decide for Alaskans how the earnings should be used.

The Alaska Permanent Fund's financial statements show that its total unaudited value was $88.0 billion as of September 3...
16/10/2026

The Alaska Permanent Fund's financial statements show that its total unaudited value was $88.0 billion as of September 30, 2026, one quarter into the fiscal year.

The Principal totaled $72.8 billion, consisting of:
$59.5 billion in permanent, nonspendable savings contributions
$13.3 billion in unrealized gains

The Earnings Reserve Account totaled $15.2 billion, consisting of:
$4.1 billion for the FY28 POMV draw to the General Fund
$1.9 billion for FY27 inflation proofing to the Principal
$6.4 billion of uncommitted realized earnings
$2.8 billion in unrealized gains

Review APFC's unaudited Financial Statements at apfc.org/financial-and-performance-reports/.

By the late 1990s, two lines that had defined Alaska’s financial story crossed. In 1998, APFC reported that Permanent Fu...
16/10/2026

By the late 1990s, two lines that had defined Alaska’s financial story crossed. In 1998, APFC reported that Permanent Fund earnings exceeded state oil revenues for the first time. One year later, the annual report said Fund earnings were more than twice state oil revenues. The portfolio created from a share of Alaska’s resource wealth was becoming a larger source of income than the resource itself.

In 1994, APFC released a new way to teach Alaskans about the Permanent Fund: an interactive CD-ROM created with students...
14/10/2026

In 1994, APFC released a new way to teach Alaskans about the Permanent Fund: an interactive CD-ROM created with students at Delta Junction High School. Under instructor Jack Detzel, the students spent more than 3,000 hours over 15 months helping with research, design, and production of the multimedia guide. The project combined lessons about investing and the Fund with what was then emerging classroom technology.

The finished discs cost $2.53 each to produce and were offered free. The guide later won bronze in the national NewMedia INVISION competition, which drew more than 600 entries and was supported by major technology companies.

Today, the Alaska Permanent Fund is one of the largest sovereign wealth funds in the United States, built to serve gener...
09/10/2026

Today, the Alaska Permanent Fund is one of the largest sovereign wealth funds in the United States, built to serve generations of Alaskans.

The 2026 Annual Report, What Alaska Built, looks at the Fund’s history, performance, investments, and the people and decisions that have shaped its first 50 years.

Explore What Alaska Built: apfc.org/reports/2026-annual-report/

APFC is pleased to welcome Aditya Venkatram to the Fixed Income team as an Investment Analyst. APFC is dedicated to hiri...
07/10/2026

APFC is pleased to welcome Aditya Venkatram to the Fixed Income team as an Investment Analyst. APFC is dedicated to hiring passionate professionals to support the Corporation in its vision to deliver outstanding returns for the benefit of current and future generations of Alaskans.

“Following an extensive search, APFC's Fixed Income Team would like to welcome Aditya Venkatram, who joins us as a Global Rates Analyst,” said Masha Skuratovskaya, Senior Portfolio Manager – Fixed Income. “Aditya is a recent graduate of Boston College, where he majored in Quantitative Economics and Data Science.”

Address

AK

Opening Hours

Monday 08:00 - 16:30
Tuesday 08:00 - 16:30
Wednesday 08:00 - 16:30
Thursday 08:00 - 16:30
Friday 08:00 - 16:30

Telephone

+19077961500

Website

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