The Alaska Permanent Fund Corporation, a state-owned corporation that manages the assets of the Alaska Permanent Fund on behalf of current and future generations of Alaskans, and Barings, one of the world's leading financial services firms, have launched the Alaska Future Fund.

The program, which has an initial commitment of $100 million, seeks to identify and support private funds and private market businesses/projects that are either based in Alaska, have investment operations in Alaska or have a current bona fide plan to operate in Alaska.

The Alaska Future Fund will invest in businesses and projects that support core sectors of the Alaskan economy, including, but not limited to, real assets, natural resources, transportation, and infrastructure, to grow the Alaskan economy and foster the next generation of private market opportunities in the state of Alaska.