By the end of March 2023, the corporation that manages Alaska’s $80 billion trust fund expects to have $200 million invested in projects and companies with ties to Alaska. It’s the fund’s biggest investment within its home state since the 1980s.
Stocks are what’s considered “public equity.” An ordinary person can see their value and buy a share from open markets. But public equity investments account forA growing share of the fund, including the new in-state program, is what’s called “private equity.”
Private equity investors will go out and give that company money in exchange for a share of the company. Sometimes, instead of a new company, it’s an established company that’s looking to expand or change operations. It takes time for those home runs to develop — years, sometimes a decade or more — and there’s rarely a quick exit. Losses tend to come in the first few years, causing what Allen and other financial experts call a “J curve.” The value of the total investment drops at first, then rises as successes outweigh the losses., but that kind of investment grew rapidly, making up 4% of the fund by the late 2000s, 11% by 2017, and it’s about 20% now.
To manage the new in-state private equity program, the Permanent Fund has hired Anchorage-based McKinley Capital Management and Barings, a global firm. In the early 2000s and 2010s, neighbors dubbed it “Space Pork Kodiak” for its reliance on government-funded contracts and subsidies. Now, about half of the business at the spaceport comes from small startup companies, and it hasn’t received a direct state subsidy in years.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
House bill would streamline approval of small nuclear reactors in Alaska - Alaska Public MediaA bill moving through the Alaska Legislature would streamline the state’s approval process for small nuclear reactors, which have been touted as cleaner, more cost-effective sources of energy for Alaska.
Leer más »
Alaska Native Science and Engineering Program to expand high school component - Alaska Public MediaThe Alaska Native Science and Engineering Program has received $5 million to expand its high school component to Dillingham, Kotzebue and Juneau. The ultimate goal is to offer the program in every community with a University of Alaska campus.
Leer más »
Veteran Alaska journalist Jay Barrett dies at 60 - Alaska Public MediaIf you’ve ever turned on a radio in Alaska, there’s a good chance you’ve heard Jay Barrett’s unflinchingly upbeat voice. For decades, that voice played on local airwaves across Alaska, from Kodiak to Bethel to Kenai and, most recently, Homer.
Leer más »
Alaska News Nightly: Monday, March 21, 2022 - Alaska Public MediaTonight on Alaska News Nightly: State leaders on both sides of the aisle remember Rep. Don Young. Also, the Alaska Department of Health and Social Services will be split in two. The Iditarod wraps up, and mushers compete in Fairbanks. Listen here:
Leer más »
Governor announces official split of Alaska health and social services department - Alaska Public MediaThe Alaska Department of Health and Social Services will be split into two separate departments in July. Gov. Mike Dunleavy proposed a similar change last year that he withdrew after nonprofit and tribal leaders, as well as legislators, raised concerns.
Leer más »
House bill would streamline approval of small nuclear reactors in AlaskaA bill moving through the Alaska Legislature would streamline the state’s approval process for small nuclear reactors, which have been touted as cleaner, more cost-effective sources of energy for Alaska.
Leer más »