# 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.

- CRD: 106233
- Filed as: ALASKA PERMANENT CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Anchorage, AK
- Filing period: October 2026
- Form ADV filing dated: April 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106233
- AdvisorCensus page: https://advisorcensus.com/firm/alaska-permanent-capital-management-llc-anchorage-ak-106233

## Quick answers

**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

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Key Bank
- Northern Trust
- Principal Financial Group

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.

### Regulatory assets under management (Item 5.F)
- Total: $4,400,285,151
- Discretionary: $4,346,310,247
- Non-discretionary: $53,974,904

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $103,883,723 |
| Charitable organizations | 27 | $598,091,676 |
| State or municipal government entities (including government pension plans) | 32 | $2,945,327,852 |
| Corporations or other businesses not listed above | 30 | $752,981,900 |

### 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

### Firm details
- Registered since: 1991 (34 years)
- Employees: 13 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [apcm.net/alaska-permanent-capital-management](https://apcm.net/alaska-permanent-capital-management)
- LinkedIn @alaska-permanent-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,242,546,831 | 13 | August 6, 2021 |
| October 2022 | $3,743,020,325 | 13 | April 12, 2022 |
| October 2023 | $3,543,184,207 | 13 | September 1, 2023 |
| October 2024 | $4,013,615,571 | 13 | March 28, 2024 |
| October 2025 | $4,088,303,397 | 11 | April 10, 2025 |
| October 2026 | $4,400,285,151 | 13 | April 30, 2026 |

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.

## Changes in the filing (last 12 months)

### May 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 8 to 10.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Alaska Permanent Capital Management, LLC (CRD 106233): Form ADV filing data as of October 2026.