Alaska takes $73 mln stake in Kelso reinsurance investment

Alaska Permanent Fund, private equity, pension fund
U.S. Navy safety swimmers stand on the deck of the Virginia class submarine USS New Hampshire after it surfaced through thin ice during exercises underneath ice in the Arctic Ocean north of Prudhoe Bay, Alaska March 19, 2011. REUTERS/Lucas Jackson (UNITED STATES - Tags: MILITARY) FOR BEST QUALITY AVAILABLE: ALSO SEE GM1E73U0AH201 - RTR2K80E
  • Alaska co-investment portfolio returning 36.8 pct IRR
  • New co-investments include healthcare, software stakes
  • $57.3 bln wealth fund also backs Quad-C, Vista funds
Alaska Permanent Fund Corp inked more than $100 million of private equity co-investments in recent months, documents from the $57.3 billion sovereign-wealth fund show. The materials were released in connection with its Feb. 22-23 Board of Trustees meeting. Alaska’s largest individual ...

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