Alaska Permanent Fund Corporation

At APFC, we strive to hire the best people to help ensure that we can achieve our mission of prudently investing and managing the Alaska Permanent Fund. We're excited to welcome Roman to our Investment Operations team! "I'm thrilled to announce that Roman Lajala has joined our Investment Operations team. Along with his experience in finance and asset management, Roman's intellectual curiosity and dedication to public service align closely with our mission," says Alex Smith, APFC Investment Operations Manager.

Strong governance is ingrained in everything we do. Guided by a Board of Trustees, APFC operates with transparency, adaptability, and a commitment to Alaska through investing for a maximum, risk-adjusted return. This foundation allows us to manage the Fund prudently, shield investments from outside influence, and set industry standards that ensure long-term returns for all Alaskans.

Did you know that more than half of Alaska’s Unrestricted General Fund revenue comes from the Alaska Permanent Fund? Earnings from the Permanent Fund’s investments provide $3.7 billion for FY25 and $3.8 billion for FY26 through the Percent of Market Value “POMV” Draw. The POMV draws include funding for the PFD and essential services and programs. APFC provides transparent, consistent reporting to provide clear insights into the Fund and its contributions to Alaska’s financial health.

APFC’s Board of Trustees will meet on February 12-13, 2025, in Juneau (and virtually via Teams). The agenda includes: • Updates on private and public markets • An overview of the Real Estate portfolio • An update on the Alaska youth initiative You can find meeting materials, including the agenda and 2025-2026 Board schedule at apfc.org. To share public comments, email boardpubliccomment@apfc.org. Public accountability drives Alaska forward.

What's available for the Legislature to appropriate - sometimes called "spendable" - in the Earnings Reserve Account? There are $2.7 billion of realized, uncommitted earnings ("realized" means earned and received income). These funds are currently 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 December 2024 Financial Statement report can be found on our website.

The Alaska Permanent Fund's financial statements show that its total unaudited value was $79.6 billion as of December 31, 2024. The Principal totaled $70.5 billion (the nonspendable portion), consisting of: $58.6 billion in permanent savings contributions $11.9 billion in unrealized gains The Earnings Reserve Account or "ERA" (includes the spendable and committed portions) totaled $9.1 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 $2.7 billion of uncommitted realized earnings $1.6 billion in unrealized gains The December 2024 Financial Statement Report is available at https://lnkd.in/eqPeykF.

Stay informed with the latest updates by subscribing to our monthly “APFC Insights” newsletter. Here’s what to expect: • Monthly fund values with financial statement highlights • Board meeting information and reminders • Corporate updates, including report publications, news, and highlights Stay informed. Stay connected. Subscribe: https://lnkd.in/gjrCKU9a

We're #hiring a new APFC Director of Real Estate in Juneau, Alaska. Apply today or share this post with your network.

APFC extends a warm welcome to the 34th Alaska Legislature – 1st Session, convening in Juneau. We appreciate the service and dedication of our great state’s legislators and staff in their commitment to Alaska and look forward to working together for our state’s future.

Final Call: APFC Internship Applications Close February 3! Don’t miss your chance to gain real-world experience in Finance with world-class investment portfolio accounting or in Investments with exposure to APFC's asset classes. Make a positive impact this summer with hands-on training, mentorship, and meaningful work at APFC in Juneau. Apply today at apfc.org/internships