FILE PHOTO: REUTERS/Kim Kyung-Hoon
Alaska Permanent Fund, the largest state-level sovereign wealth fund in the US, has approved a $25-million commitment to the fifth Asia-Pacific fund of buyout firm Bain Capital LP, according to a board document.
The commitment to Bain Capital Asian Fund V LP was presented at a board meeting last week as part of the $170 million in total commitments that the fund manager approved for private equity vehicles in its Fiscal Q3.
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