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.

• 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

• Source, screen, and evaluate prospective infrastructure, private credit, and related investments across fund, co‑investment, and direct investment opportunities
• Maintain the new investment pipeline for the Private Income team
• Perform and assist with detailed due diligence on opportunities in a range of areas including manager, team, and strategy assessments; valuation and sensitivity analysis; market analysis; and other areas to identify and assess investment risks and merits
• Synthesize results of screening and due diligence into investment memos and present findings to senior team members and the Investment Committee
• Prepare and assist with research on investment themes and special projects
• Prepare materials for, and participate in, internal meetings, due diligence meetings, and APFC board meetings
• Monitor current investments and maintain file management including quarterly reports, LPA amendments, and LPAC approvals
• Develop and maintain relationships with industry participants including other limited partners, general partners, and industry thought leaders through participation in annual meetings, advisory committee meetings, industry conferences, and other ad hoc meetings and events

• Bachelor's degree
• 2–4 years of directly relevant investment industry experience with a preferred background in private markets investing; will consider other relevant roles
• Knowledge of the private investment industry, market participants, investment structure, and current trends
• Ability to source, screen, and evaluate a broad range of investment opportunities in private markets
• Excellent written and verbal communication skills
• Ability to manage multiple tasks simultaneously and meet tight deadlines
• Strong analytical and critical thinking skills
• Ability to collaborate, problem solve, and bring parties together when needed but also work independently

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

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…