A clear financial path forward.


Alaska Permanent Capital Management was founded by Dave Rose in 1992. Dave made Alaska his home in the 1960’s.

Who We Are
Who We Are

Over the last 30 years, we’ve worked with Alaska organizations to provide a clear financial path forward.

Alaska Permanent Capital Management was founded by Dave Rose in 1992. His professional and volunteer experience helped shape Alaska for many years.

Headquartered in Alaska, relationships are maintained with a diverse client base that includes: Alaska Native Corporations, endowments and foundations, health care organizations, state and local governments, and individuals.

Our Practice
Our Practice

Define.
Assist.
Achieve.

Investment Management

The APCM investment approach is based on sound principles and an enduring philosophy. Our investment process begins by determining what your investments need to accomplish.

Meeting the Team

With more than 200 years of combined experience in the financial services industry, members of the APCM team work on your behalf. Our investment team members have advanced degrees and professional designations.

Local Growth

APCM is the investment adviser for the Alaska Municipal League Investment Pool, a non-profit corporation formed by the Alaska Municipal League (AML) to provide investment services under the Alaska Investment Pool Act of 1992.

Celebrating 33 Years of Superior Financial Services

Headquartered in Alaska, relationships are maintained with a diverse client base that includes: Alaska Native Corporations, endowments and foundations, healthcare organizations, state and local governments, and individuals.

Bill Lierman

Chief Executive Officer
Blog

From Direction to Implementation

March 18, 2026

Aligning Strategy and Capital – Part III – APCM Aligning Strategy and Capital  ·  Part III From Direction to Implementation Integrating Strategy and Capital Stewardship Guest Perspective  ·  Michael Fredericks & Laura Melbostad  ·  SALT Brandy Niclai, CFA®  ·  CIO, Multi-Asset Strategies In the first two parts of this series, APCM explored how capital structure […]

When Capital Design Meets Strategic Planning

March 17, 2026

Liquidity as a Strategic Lever – APCM Aligning Strategy and Capital  ·  Part II Liquidity as a Strategic Lever Strategic plans often articulate priorities and timelines with clarity — but the question of whether capital structure has evolved alongside them is not always revisited at the same moment. Brandy Niclai, CFA®  ·  CIO, Multi-Asset Strategies […]

When Your Portfolio Stops Serving Your Mission

March 11, 2026

Aligning Strategy and Capital  ·  Part I Why Strategy and Capital OftenEvolve on Separate Paths Organizations devote substantial time and care to developing strategic plans — but one important question is not always asked at the same moment. Brandy Niclai, CFA®  ·  CIO, Multi-Asset Strategies Has the capital structure evolved alongside the strategy? Organizations devote […]