Alaska Permanent Fund Corporation Private Equity Position as of 09/30/2008 ------------- Inception to Date ------------Commitment (USD) 3 $8,802,985 $14,500,000 $30,000,000 $27,000,000 $33,000,000 $17,000,000 $13,000,000 $35,000,000 $40,000,000 $40,000,000 $6,000,000 $20,500,000 $36,461,000 $35,000,000 $40,000,000 $30,000,000 $24,589,000 $35,000,000 $32,998,000 $32,283,000 $15,783,000 $20,865,000 $28,025,000 $40,000,000 $40,000,000 $30,000,000 $40,000,000 $40,000,000 $6,000,000 $5,064,000 $15,700,000 $6,700,000 $10,100,000 $22,700,000 $35,000,000 $35,000,000 $40,000,000 $15,000,000 $30,000,000 $22,262,000 $29,718,000 $39,950,000 $12,500,000 $28,300,000 $15,000,000 $20,000,000 $35,000,000 $45,000,000 $28,611,000 $27,000,000 $40,000,000 $19,100,000 $5,900,000 $35,000,000 $40,000,000 $11,000,000 $10,000,000 $20,000,000 $6,300,000 $26,000,000 $50,000,000 $30,000,000 $35,000,000 $35,000,000 $20,000,000 $30,000,000 $10,000,000 $20,000,000 $40,000,000 $1,813,711,985 Contributions 4 $8,802,985 $725,000 $16,993,250 $26,190,000 $7,920,000 $1,190,000 $12,512,500 $12,078,181 $30,908,277 $0 $3,300,000 $2,870,000 $5,737,041 $33,616,605 $10,900,965 $13,828,451 $8,279,550 $28,732,809 $27,418,677 $4,480,244 $8,286,642 $18,591,963 $8,462,734 $29,481,133 $9,008,705 $10,443,720 $11,791,293 $24,827,615 $5,320,316 $4,741,552 $4,411,700 $1,340,000 $8,093,860 $8,022,888 $3,161,544 $27,462,120 $4,376,014 $9,748,271 $10,500,000 $13,185,142 $27,581,580 $7,538,075 $12,500,000 $15,196,597 $13,050,000 $6,000,000 $28,347,751 $0 $13,179,864 $24,599,648 $17,882,177 $7,568,219 $2,390,747 $0 $8,627,595 $0 $5,653,100 $14,450,000 $4,693,500 $18,704,400 $0 $24,329,500 $1,494,284 $25,690,919 $24,648,856 $14,700,000 $5,300,288 $12,570,819 $0 $814,439,666 Distributions back to the Fund $208,225 $0 $13,277 $1,777,420 $0 $0 $0 $0 $2,549,649 $0 $0 $0 $0 $3,236,048 $0 $43,332 $0 $1,316,315 $11,202,383 $0 $113,560 $9,841,991 $12,051 $0 $0 $0 $2,528,922 $620,035 $2,187,365 $726,215 $0 $0 $5,461,157 $0 $2,552,907 $649,756 $0 $0 $0 $2,366,485 $542,746 $0 $2,551,405 $1,105,762 $329,063 $0 $1,279,300 $0 $0 $223,879 $149,080 $476,169 $2,849 $0 $99,578 $0 $752,673 $0 $661,500 $5,404,854 $0 $441,542 $8,013 $2,062,160 $4,807,068 $132,449 $0 $2,019,951 $0 $70,457,134
Partnership Name Alchemy Investment Plan Austin X Avenue Special Situations Fund V Bain Capital Fund IX Bain Capital Fund X Bain Capital Fund X Coinvestment Bain Capital Fund IX Coinvestment Bear Stearns III Blackstone Capital Partners V Blackstone Capital Partners VI Canaan VII Canaan VIII Candover 2008 Carlyle Partners IV Carlyle Partners V Centerbridge Capital Partners Chequers Capital XV (II) 2 CHS Private Equity V CVC European Equity Partners IV 2 CVC European Equity Partners V 2 CVC European Equity Partners Tandem Fund 2 Exponent Private Equity Partners 1 Exponent Private Equity Partners II 1 First Reserve XI First Reserve XII Genstar Capital Partners V GTCR Fund IX Hellman & Friedman Capital Partners VI Insight Venture Partners V Insight Venture Partners V Coinvestment Fund Insight Venture Partners VI Intersouth Partners VII JMI Equity V JMI Equity VI Kelso Investment Associates VIII Madison Dearborn Capital Partners V Madison Dearborn Capital Partners VI M/C Venture Partners VI Menlo Ventures X Montagu III 2 Nordic Capital Fund VI 2 Nordic Capital Fund VII 2 Oak Investment Partners XI Oak Investment Partners XII OCM Principal Opportunities IV OCM Principal Opportunities VIIb Onex Partners II Onex Partners III Permira IV 2 Providence Equity Partners V Providence Equity Partners VI Quad-C Partners VII Quad-C Partners VII Coinvestment Fund Quantum V Resolute Fund Partners II Sentinel Fund IV Southvest Fund V Spectrum Equity Investors V TA Associates X Technology Crossover Ventures VI Technology Crossover Ventures VII TPG Partners V TPG Partners VI Vestar Capital Partners V Wayzata Opportunities Fund Wayzata Opportunities Fund II Weston Presidio Capital V Wind Point Partners VI Wind Point Partners VII
1
Date 12/23/2004 9/15/2008 9/28/2007 3/31/2006 10/19/2007 11/2/2007 4/7/2006 7/19/2006 10/7/2005 7/31/2008 4/19/2005 11/19/2007 8/26/2008 12/23/2004 5/30/2007 8/4/2006 4/27/2006 11/19/2004 7/29/2005 4/18/2008 12/20/2006 7/1/2004 8/17/2007 7/28/2006 7/14/2008 5/30/2007 6/23/2006 10/30/2006 4/22/2005 4/22/2005 5/3/2007 5/25/2006 5/6/2005 7/16/2007 6/22/2007 2/16/2006 4/14/2008 3/14/2006 4/6/2005 6/24/2005 12/22/2005 12/28/2007 7/1/2004 5/19/2006 1/24/2007 5/16/2007 4/21/2006 4/29/2008 7/18/2006 9/9/2004 12/4/2006 12/15/2005 2/9/2007 8/8/2008 1/10/2007 5/23/2008 12/30/2004 2/17/2005 3/23/2006 11/9/2005 10/31/2007 4/13/2006 3/13/2008 12/1/2005 1/31/2006 9/27/2007 2/18/2005 5/1/2005 5/2/2005
Market Value $6,385,959 $725,000 $16,344,038 $24,790,965 $7,918,307 $1,190,000 $12,289,395 $12,950,115 $29,308,961 $0 $3,212,440 $2,635,988 $5,759,363 $35,264,570 $10,604,282 $12,835,584 $6,420,548 $30,284,370 $27,615,081 $4,377,642 $7,790,935 $14,889,158 $7,662,653 $31,444,879 $9,008,705 $10,338,825 $10,162,948 $24,589,397 $5,834,556 $6,488,690 $4,115,545 $1,051,280 $7,268,356 $7,919,325 $570,323 $28,476,586 $4,468,539 $9,422,847 $8,975,212 $13,597,984 $24,939,431 $6,591,114 $10,738,165 $14,441,931 $13,599,088 $5,940,661 $27,088,388 $0 $9,159,637 $30,425,431 $17,940,674 $6,736,494 $2,495,773 $0 $8,430,572 $0 $8,169,325 $17,821,738 $3,996,711 $14,831,820 $0 $22,520,425 $971,929 $24,899,893 $23,634,317 $14,257,647 $5,831,531 $13,741,563 $0 $794,193,609
Annual IRR -14.9% 0.0% -8.1% 1.1% -0.1% 0.0% -1.9% -1.3% 1.0% 0.0% -1.7% -17.1% 0.0% 6.1% -10.6% -20.4% -17.8% 7.4% 29.3% 0.0% -10.9% 17.7% -22.6% 11.3% 0.0% -4.7% 12.2% 1.7% 23.3% 26.5% -12.9% -22.5% 24.1% -9.1% -46.2% 3.6% 5.0% -4.1% -10.5% 10.2% -10.0% -58.8% 2.8% 2.2% 9.0% -12.3% -2.8% 0.0% -30.8% 9.5% -0.9% -11.8% 4.6% 0.0% -11.0% 0.0% 28.2% 17.6% -0.7% 7.2% 0.0% -6.2% -83.8% 2.8% 8.5% -3.7% 1.2% 19.6% 0.0%
TOTALS
1
$1,813,711,985
$814,439,666
$70,457,134
$795,617,516
N/A 5
Converted from British Pounds Converted from Euros Commitments to non-USD-denominated partnerships are determined by multiplying the unfunded commitments by the quarter-ending exchange rate, added to 4 Does not include investment management fees. 5 Commitments to investments in private equity began in July 2004 and will be funded over time. Internal rates of return are not yet meaningful; time-weighted
2 3
Notes: - Source: Pathway Capital Management Online Management System - Data reflects information available at the time of the report and may be adjusted to reflect subsequent information