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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 May 2024 Cover

May 2024

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 May 2024 cover
In This Issue

Making History

May 2024

The track of oil and gas development in Alaska shows the footprints of bold companies and hard-working individuals who shaped the industry in the past and continue to innovate today. The May 2024 issue of Alaska Business explores that history while looking forward to new product development, the energy transition for the fishing fleet, and the ethics of AI tools in business.

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