Alaska Permanent Fund Corporation (APFC) has hired Mesa West Capital to manage a $250m (€205m) US real estate debt separate account, according to a board meeting report.
It is the first time the US sovereign wealth fund has invested in Mesa West.
The company is seeking to raise $1bn for commingled real estate debt fund, attracting $40m from Arkansas Teacher Retirement System.
APFC has been seeking to increase its exposure to real estate debt to take advantage of opportunities arising from the disruption of COVID-19.
Earlier this year, it committed $200m to the Kayne Anderson Real Estate Opportunity Debt fund.
