The Alaskan sovereign fund has set aside $550m (鈧�493m) for investment in infrastructure and real assets in 2017.
At its most recent board meeting, trustees of the $53bn Alaska Permanent Fund Corporation approved a number of new private market allocations for the upcoming financial year.
Bill Moran, chair of the fund鈥檚 board, said: 鈥淭he contributions from the fund鈥檚 private market investments remain positive, and we believe they will become increasingly important in providing both growth and income in this low interest-rate environment.鈥�
As of 25 May, the fund had $6.9bn in real estate and $14bn in alternatives 鈥� of which $1.7bn was in infrastructure, according to more detailed monthly reports from the end of April.
鈥淚t makes sense to continue to build the private asset allocations,鈥� Moran added.
It said its allocation for the 2017 fiscal year would include up to $350m in infrastructure 鈥渁nd other real assets鈥�, splitting the allocation between co-investments and infrastructure funds.
鈥淎n additional $200m may be added to the total infrastructure allocation if warranted,鈥� a statement by the board added.
The board further set aside capital for private equity, also within the alternatives portfolio, and up to $800m for opportunistic investments.
