The Alaska Permanent Fund Corporation is seen in March 2022 in Juneau, Alaska. (Michael S. Lockett / Juneau Empire)

The Alaska Permanent Fund Corporation is seen in March 2022 in Juneau, Alaska. (Michael S. Lockett / Juneau Empire)

Alaska Permanent Fund Corporation to meet next week in Soldotna

A community reception will be held at the Kenai River Lodge Lounge at 5:30 p.m. on Wednesday

The Alaska Permanent Fund Corporation Board of Trustees will hold its regular quarterly meeting in Soldotna next week.

The group will convene at Soldotna City Hall first on Wednesday from 8:15-10:15 a.m. for an audit committee meeting, then for its regular committee meeting later Wednesday and into Thursday. A community reception will be held at the Kenai River Lodge Lounge at 5:30 p.m. on Wednesday.

As part of those meetings, the board will hear updates from APFC Chief Executive Officer Deven Mitchell, Chief Investment Officer Marcus Frampton and Chief Investment Officer Sebastian Vadakumcherry. Also on the group’s agenda is the adoption of recommendations from the corporation’s governance committee and approval of the corporation’s budget for the upcoming fiscal year.

The Alaska Permanent Fund Corporation, headed by a group of six trustees, was created by the Alaska Legislature in 1980 to invest and manage the assets of the permanent fund. The board is responsible for setting investment policies and reviewing the fund portfolio’s performance.

As of March 31, the total value of the permanent fund was about $76.4 billion. Of that, about $16.1 billion is in the Earnings Reserve Account and $60.2 billion is in the Principal.

The non-spendable Permanent Fund Principal is described by the Alaska Constitution and can only be used for investments that produce income. The Earnings Reserve was established in state law and can be spent as determined by state lawmakers and the governor, usually on annual dividend payments.

According to the Alaska Permanent Fund Corporation, roughly 72% of the fund’s investments are made in the United States.

Next week’s meetings will be held in Soldotna City Council chambers. Those unable to attend in person can also stream the meetings live via webinar. Webinar access information can be found on the board’s agenda can be found on the corporation’s website at

Reach reporter Ashlyn O’Hara at

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