Last week, a federal judge ordered the release in 2022 of a list of investors who funded Elon Musk’s $44 billion acquisition of Twitter, now known as X.
The list also includes an investment fund partially owned by the Alaska Permanent Fund Corporation.
The new list, published by The Washington Post, includes Silicon Valley entrepreneurs, little-known investment funds, a Saudi Arabian prince, the former founder of Twitter and an Italian financial services company.
Further down the list is Sequoia Capital Fund, a California-based venture capital investment fund that has invested at least $800 million in Musk’s acquisitions, according to public disclosures.
This month, Alaska Permanent Fund Corp. released a new list of its private equity holdings.
The investments on the list include a $9 million investment in the Sequoia Capital Fund through 2022.
While this is a small portion of the total fund of more than $17 billion, it does show the ties between the Alaska state trust fund and Twitter investors.
Other states have made similar investments: UTIMCO, a multibillion-dollar investment fund run by the University of Texas, invested $100 million in Sequoia Capital in 2022, the same year as Alaska’s investment.
Twitter’s value has fallen sharply since Mr. Musk bought it, largely due to an exodus of advertisers and users unwilling to see their ads and posts appear next to white supremacist and bot-written content, which has become more common since Mr. Musk ordered less moderation on the social media site.
Alaska Permanent Fund’s private equity investments are almost completely opaque, with public reports listing only the amount of investments and the names of the funds.
Private equity fund managers, not the companies, direct where the fund’s money goes, and individual investments tend to be commingled, making it difficult to pinpoint which funds go to which projects.
“We can view the (private equity) investments at the fund level but not the underlying holdings. As limited partners, we are not involved in decisions to buy or sell securities within the funds,” APFC spokeswoman Pauline Swanson said in an email.
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