Established in 1976, the Alaska Permanent Fund was created to invest at least 25% of the oil money into a dedicated fund for future generations, who would no longer have oil as a resource. The fund is not solely funded by oil revenue, but a certain share of oil revenues is set aside to benefit current and future generations of Alaskans. The Alaska Permanent Fund Corporation (APFC) manages the fund and is the largest sovereign wealth fund in the United States, with nearly $80 billion of assets under management. The APFC seeks to create positive economic impact and long-term value for Alaskan constituents, investee companies, and partners by partnering with extraordinary managers, prioritizing deal flow, and providing stable, long-term flexible capital to help companies scale and grow.