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  6.  | Doyon Joins McKinley Management for Investment Fund

Doyon Joins McKinley Management for Investment Fund

Feb 28, 2023 | Alaska Native, Finance, News

investment concept

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McKinley Alaska Private Investment is launching a second private investment fund, and Doyon, Limited is joining as a member of the general partnership. Na-Nuk Investment Fund 2 will seek to invest in Alaska-relevant companies and generate returns for investors.

A Sequel Bigger Than the Original

McKinley’s first fund, Na-Nuk 1, launched January 1, 2020 and raised $117 million with investments in transportation and logistics, food systems, energy, and Arctic technology. Na-Nuk Fund 2 has a $250 million target with investments planned in venture capital, growth, and private equity.

The fund’s investment strategy will focus on Alaska-relevant companies that aim to power, feed, connect, heal, and protect the planet. The McKinley team believes Alaska’s investment ecosystem is rich with opportunities for ambitious and disruptive companies. The unit of Anchorage-based McKinley Management sees mega-trends of energy security, strategic geopolitical location, and climate resiliency creating tailwinds which can be captured by investors.

“I am excited to announce the launch of our second Alaska-focused private investment fund with the support of Doyon,” says McKinley CEO and Chief Investment Officer Rob Gillam. “This partnership perfectly captures our strategic intention to leverage our Alaska location and expertise for the benefit of our investors, bring needed investment capital to Alaska, and create positive and meaningful connections with Indigenous Alaskans.”

Current Issue

Alaska Business September 2023 Cover

September 2023

Doyon, the Alaska Native corporation for the Interior region, will take an active role in reviewing investment opportunities on the Na-Nuk Fund 2’s Private Investment Advisory Committee.

“Doyon’s mission to continually enhance the economic and social well-being of our shareholders and future shareholders aligns directly with this partnership. The investment strategy that Na-Nuk Fund 2 has will not only benefit our shareholders but all Alaskans,” says Patrick Duke, Doyon senior vice president and CFO. “As the first Native corporation to partner in Na-Nuk Fund 2, we are honored to lead this new venture for Alaska.”

Na-Nuk Fund 2 is expected to launch in spring 2023.

Alaska Business September 2023 cover
In This Issue
Alaska Native Special Section
September 2023
Alaska Native regional, village, and urban corporations are major economic drivers across the state, nation, and in worldwide markets. In this issue we cover many of this sector's recent activities, how leadership is mentoring a new generation, and how these corporations share the wealth with their shareholders, descendents, regions, and villages. Also in this issue we take a moment to explore what's happening in western and northern parts of the state: the AU-Aleutians project, tourism opportunities, retail realities, and more. Enjoy!
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