Alaska to invest $750m in Abu Dhabi-backed equity firm - Banking & Finance - ArabianBusiness.com:
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Alaska has agreed to invest $750m in funds managed by the Carlyle Group, the US private-equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, with the focus mainly on investments in the natural resource, metals, energy and agricultural sectors.
The Alaska Permanent Fund Corporation, an independently managed, state-owned company with an estimated capital of around $46.8bn, will invest in a number of funds through the Carlyle Group.
“The focus of the program will be global natural resource investment strategies,” APFC said in a statement."
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