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Alaska Permanent Capital Management, LLC

Anchorage, AKSEC-registered investment adviserCRD 106233

Filed as ALASKA PERMANENT CAPITAL MANAGEMENT, LLC

Alaska Permanent Capital Management, LLC is an SEC-registered investment advisory firm in Anchorage, AK, registered since 1991, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.

34 years
registered since 1991
$4,400,285,151
assets under management
2 arrangements
Percentage of assets, Fixed fees
None
disclosure items (Item 11)

Quick answers

From the filing

How is Alaska Permanent Capital Management, LLC compensated?

On its Form ADV (Item 5.E, October 2026), Alaska Permanent Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

Where is Alaska Permanent Capital Management, LLC located?

Alaska Permanent Capital Management, LLC's principal office is in Anchorage, AK, according to its Form ADV.

Is Alaska Permanent Capital Management, LLC registered with the SEC or a state?

Alaska Permanent Capital Management, LLC is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 106233.

How much does Alaska Permanent Capital Management, LLC manage?

Alaska Permanent Capital Management, LLC reports $4,400,285,151 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (99% discretionary).

How have Alaska Permanent Capital Management, LLC's assets and staff changed since 2021?

In the Form ADV data for Alaska Permanent Capital Management, LLC: Regulatory assets under management: $3,242,546,831 in the October 2021 data and $4,400,285,151 in the October 2026 data, up 36%. Total employees: 13 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

What types of clients does Alaska Permanent Capital Management, LLC serve?

By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (32); corporations or other businesses not listed above (30); charitable organizations (27).

Which custodians does Alaska Permanent Capital Management, LLC use?

Alaska Permanent Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Key Bank, Northern Trust and Principal Financial Group as custodians holding 10% or more of its separately managed account assets.

Does Alaska Permanent Capital Management, LLC report any disciplinary disclosures?

Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106233

What changed in Alaska Permanent Capital Management, LLC's recent Form ADV filings?

In the May 2026 filing data: Updated its list of owners and control persons (Schedule A).

From the Form ADV filing

Every figure below is as the firm filed it with regulators, as of October 2026.

How the firm is compensated

Item 5.E
  • A percentage of assets under your management
  • Fixed fees (other than subscription fees)

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Fees and minimums

Form ADV Part 2A

The brochure lists different fees for different services or strategies. See the firm's brochure (dated March 24, 2026) for its fees and any account minimum, on the SEC's IAPD site.

Regulatory assets under management

Item 5.F
$4,400,285,151

$4,400,285,151 as of October 2026, filing dated April 30, 2026.

Discretionary: $4,346,310,247.Non-discretionary: $53,974,904.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

Who the firm serves

Item 5.D
Pension and profit sharing plans (but not the plan participants or government pension plans)
Clients 1 Assets $103,883,723 (2%)
Charitable organizations
Clients 27 Assets $598,091,676 (14%)
State or municipal government entities (including government pension plans)
Clients 32 Assets $2,945,327,852 (67%)
Corporations or other businesses not listed above
Clients 30 Assets $752,981,900 (17%)

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

Advisory services

Item 5.G
  • Financial planning services
  • Portfolio management for individuals and/or small businesses
  • Portfolio management for businesses (other than small businesses) or institutional clients
  • Selection of other advisers (including private fund managers)
  • Publication of periodicals or newsletters
  • Other

Registration and firm details

Items 1, 2, 5
Registration
SEC-registered investment adviser. Status as filed: Approved.
Registered since
1991 (34 years)
Employees
Total: 13. Performing investment advisory functions: 10.
Wrap fee program participation
No.
Custodians (Schedule D, Section 5.K(3))

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

States registered or notice-filed
1 state or jurisdiction
AK

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Assets and staff over time

Items 5.A, 5.F
$3.24B 2021 $3.74B 2022 $3.54B 2023 $4.01B 2024 $4.09B 2025 $4.4B 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$4,400,285,15113April 30, 2026
October 2025$4,088,303,39711April 10, 2025
October 2024$4,013,615,57113March 28, 2024
October 2023$3,543,184,20713September 1, 2023
October 2022$3,743,020,32513April 12, 2022
October 2021$3,242,546,83113August 6, 2021

Regulatory assets under management: $3,242,546,831 in the October 2021 data and $4,400,285,151 in the October 2026 data, up 36%.

Total employees: 13 in October 2021 and 13 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

Changes in the filing

Last 12 months
  1. May 2026
    • Updated its list of owners and control persons (Schedule A).
  2. April 2026
    • Employees performing advisory functions went from 8 to 10.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.

Websites listed on Form ADV

Item 1.I
apcm.net/alaska-permanent-capital-management

Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."

Cite this page

AdvisorCensus. Alaska Permanent Capital Management, LLC (CRD 106233): Form ADV filing data as of October 2026.
https://advisorcensus.com/firm/alaska-permanent-capital-management-llc-anchorage-ak-106233