The Alaska Permanent Fund has reached an all-time high, climbing to just under $85 billion, as the Alaska Permanent Fund Corporation (APFC) prepares for a pair of Board of Trustees meetings on Thursday, Sept. 4.
The day will begin with the Board’s Ethics, Audit & Cybersecurity Committee Meeting, which runs from 9 am to 1 pm and will focus on the Fiscal Year 2025 financial statements and external audit results. Trustees are scheduled to hear from audit firm KPMG, review year-end financials, receive updates on legal matters, and consider a cybersecurity audit.
Later in the day, from 1:30 to 4:30 pm, the regular meeting of the Board of Trustees will be held. On the agenda are approval of the FY25 Annual Audit, consideration of the proposed budget for Fiscal Year 2027, and committee reports.
Both meetings will be conducted virtually via Teams Webinar, with dial-in access also available. The public may register in advance online to receive a webinar link, or call in using the teleconference option. Opportunities for public comment are scheduled during both sessions, and written comments can be submitted at any time to [email protected].
The Alaska Permanent Fund, established in 1976 after voters approved a constitutional amendment to save a portion of the state’s oil wealth for future generations, was seeded in 1977 with $734,000 from oil royalties and has since grown into one of the largest sovereign wealth funds in the world, managed by the Alaska Permanent Fund Corporation. Its earnings have been used to help pay for state government services and, beginning in 1982, to provide annual Permanent Fund Dividend payments to eligible Alaskans. The fund’s balance is invested in a diversified portfolio that includes stocks, bonds, real estate, and private equity, with the principal protected by the constitution and only the earnings available for appropriation.
The Permanent Fund’s near-record balance comes as the corporation continues to navigate long-term investment strategies, budget planning, and governance oversight. With the Fund serving as the financial foundation for both the state’s annual Permanent Fund Dividend program and ongoing state services, the outcomes of these meetings will help shape future fiscal policy.
Meeting agendas, registration links, and teleconference details are available at the APFC Board Meetings webpage.
Alaska Permanent Fund sets another new all-time high, second time this month