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

More in News

Jake Dye/Peninsula Clarion
Brad Snowden and Julie Crites participate in a Seward City Council candidate forum at the Seward Community Library in Seward on Thursday.
Seward council candidates discuss issues at election forum

Participating in Thursday’s forum were Julie Crites and Brad Snowden

Cam Choy, associate professor of art at Kenai Peninsula College, works on a salmon sculpture in collaboration with the Kenai Watershed Forum during the Kenai River Festival at Soldotna Creek Park in Soldotna, Alaska, on June 8, 2019. (Peninsula Clarion file)
Soldotna adopts arts and culture master plan

The plan outlines how the city plans to support arts and culture over the next 10 years

Architect Nancy Casey speaks in front of a small gathering at the Fireside Chat presented by the Kenai Watershed Forum on Nov. 30, 2022, at Kenai River Brewing in Soldotna, Alaska. (Jake Dye/Peninsula Clarion)
Kenai Watershed Forum’s Fireside Chats return Wednesday

The chats will cover a range of interesting topics, centered on knowledge, research and projects

Erosion of the Kenai bluff near the Kenai Senior Center. (Photo by Aidan Curtin courtesy Scott Curtin)
Kenai to sign bluff stabilization agreement Monday

A signing event will be held at 5:30 p.m. at the Kenai Senior Center

Engineer Lake Cabin can be seen in the Kenai National Wildlife Refuge on Nov. 21, 2021. (Photo by Erin Thompson/Peninsula Clarion)
Public comment accepted for proposed rate increases for overnight fees at refuge

Campsites would increase $5 per night and cabins would increase $10 per night

Abigal Craig, youth winner of the Seventh Annual Kenai Silver Salmon Derby, is presented a novelty check by Kenai River Sportfishing Association Executive Director Shannon Martin, City of Kenai Mayor Brian Gabriel, and Kenai Chamber of Commerce Executive Director Samantha Springer at the Kenai Chamber of Commerce and Visitor Center in Kenai, Alaska, on Wednesday, Sept. 20, 2023. (Jake Dye/Peninsula Clarion)
Silver Salmon Derby nets fish, funds for river protection

116 fish were weighed by 79 anglers across the six days of competition

Soldotna Public Works Director Kyle Kornelis talks about the Soldotna field house project during a Soldotna City Council meeting on Wednesday, Dec. 14, 2022, in Soldotna, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
Soldotna awards field house contract

Anchorage-based Criterion General, Inc. will construct the facility

Kenai Peninsula Borough Mayor Peter Micciche testifies before the Kenai Peninsula Borough Assembly during a meeting on Tuesday, Feb. 21, 2023, in Soldotna, Alaska. (Ashlyn O’Hara/Peninsula Clarion)
Assembly to let borough mayors speak sooner during meetings

The mayor’s report will now be given after the first round of public comments and before public hearings and new assembly business

Assembly members Lane Chesley, left, and Richard Derkevorkian participate in a borough assembly meeting on Tuesday, Aug. 1, 2023, in Soldotna, Alaska. (Ashlyn O’Haara/Peninsula Clarion)
Assembly asks state to allow term limits for school board members

Alaska Statute does not allow term limits to be imposed on school board members

Most Read