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

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 […]

Market Update: Middle East Conflict and Portfolio Positioning

March 3, 2026

BRANDY NICLAI, CFA® CIO, Multi-Asset Strategies The conflict in the Middle East has understandably raised concerns, particularly around energy markets and global growth. While developments remain fluid, the facts available today suggest that the economic impact outside the Gulf region remains limited, and markets are behaving in a historically familiar pattern. What Is Happening in […]

Tariffs, the Supreme Court, and What It Means for Markets

February 24, 2026

BRANDY NICLAI, CFA® CIO, Multi-Asset Strategies Recent headlines around tariffs have been fast-moving and, at times, confusing. Here is what happened — and what it means for investors. What Happened The U.S. Supreme Court ruled that the administration could not use an emergency powers law to impose certain tariffs. That decision struck down the legal […]