Private Income Analyst / Associate

Analyst / Associate Private Income

The Alaska Permanent Fund Corporation ("APFC") manages the $88 billion Alaska Permanent Fund, a sovereign wealth fund established in 1976 to provide for all current and future generations of Alaskans. We are growing and are looking to hire a talented professional to join our Private Income investment team.

The analyst / associate reports to the Head of Private Income and shares responsibility for identifying, analyzing, selecting, and monitoring infrastructure, private credit, and income opportunities investments across funds, co-investments, and direct investments into operating companies. As a key member of the investment team, the analyst / associate will assist with investment decisions across the portfolio. By combining best-in-class manager and investment selection with the ability to strategically deploy capital directly into attractive opportunities, the Private Income team seeks to deliver accretive risk-adjusted returns over the long term.

Key Attributes

• Strong commitment to APFC's vision and its shared values of integrity, stewardship, and passion
• Self-motivation and ability to work independently
• Intellectual curiosity and excellent attention to detail
• A belief that great outcomes come from great teams; a demonstrated ability to collaborate well in a small team environment
• Unquestionable personal and professional integrity

Key Responsibilities

Required Qualifications and Experience

Preferred Qualifications

A post-graduate degree or advanced professional designation (e.g. CFA or CAIA)

About APFC's Private Income Portfolio

The APFC Private Income portfolio consists of Infrastructure, Private Credit, and Income Opportunities sub-portfolios. This portfolio makes investments through externally managed limited liability funds, co-investments, and direct investments into operating companies.

Infrastructure investments involve the purchase of critical assets with high barriers to entry and, due to the "essential services" nature of the assets, often result in low elasticity of demand. Infrastructure investments may include energy infrastructure, transportation, water / waste infrastructure, digital infrastructure, social infrastructure, or any other asset that possesses similar characteristics.

Private Credit and Income Opportunities investments involve the ownership of higher-yielding, illiquid investments covering a range of risk / return profiles. The Private Credit sub-portfolio targets one or more of the following strategies : direct lending, subordinated and mezzanine lending, distressed debt, and opportunistic credit, with the flexibility to pursue illiquid and liquid strategies.

The Income Opportunities sub-portfolio targets private markets investments with an objective of income generation and downside protection, but which do not fit neatly into other portfolios. This currently includes, but is not limited to, investments in timberlands, agriculture, life settlements, leasing and royalty strategies, and structured credit.

The total Private Income portfolio has a 10% target allocation and is valued at approximately $8 billion (9% of the total fund). The Private Income program deploys approximately $1 billion annually across infrastructure, private credit, and income opportunities investments.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may be added, removed, or changed at any time with or without notice.

About the Alaska Permanent Fund Corporation (APFC)

The Alaska Permanent Fund Corporation (APFC) is a state-owned investment organization based in Juneau, Alaska, responsible for managing the assets of the Alaska Permanent Fundone of the largest sovereign wealth funds in the United States. For nearly 50 years, APFC has transformed Alaska's resource wealth into a renewable financial resource for current and future generations.

In FY25, the Fund reached its highest value ever, exceeding $84 billion, reflecting disciplined stewardship and strong investment performance. APFC's diversified portfolio spans public and private markets, real estate, and alternative investments, delivering long-term returns that support Alaska's economy and public services. The Corporation is guided by a commitment to integrity, stewardship, and passion, and was recently recognized as one of the Best Places to Work by Pensions & Investments.

Compensation and Benefits

The base salary range for this position is $110,000 to $150,000 (DOQ), commensurate with experience and qualifications. This role is also eligible for Incentive Compensation per APFC's Incentive Compensation Plan, with a maximum annual bonus of 15% of base salary, tied to total fund performance.

Health

Retirement

Other

Application Period :

This position will remain open until it is filled. Interested candidates are encouraged to submit their applications promptly because the recruitment process may close without advance notice once enough qualified candidates have been received.

Application Requirement :

To be considered for this position, applicants must submit a complete application. A complete application includes :

Applications that are incomplete or do not meet these criteria may be disqualified from further consideration.

AAP / EEO Statement

APFC provides equal employment and advancement opportunities to all. APFC follows all applicable Federal and State laws and does not discriminate in employment opportunities or practices on the basis of race, color, religion, gender, gender orientation, national origin, age, disability, or any other class protected by law.