Bristol Bay Native Corporation is the new majority owner of Alaska Growth Capital, after holding a minority stake since 2022, when McKinley Management acquired the business line from Arctic Slope Regional Corporation.
Alyeschem has support from the North Slope Borough and a funding commitment from the Alaska Industrial Development and Export Authority for an Arctic petrochemical plant.
Denali Advisors, a California firm with an Alaska Native president, is taking majority ownership of Anchorage-based McKinley Capital Management, one unit of the McKinley Management family of companies.
The US Department of Agriculture awarded two grants totaling $70 million to Fastwyre Broadband, formerly TelAlaska, while GCI subsidiary Unicom is working with $9 million secured under the New Markets Tax Credit.
Delegates from twenty-two countries converged in Anchorage for Arctic Encounter, a chance for Alaskans to learn how the state’s problems might be solved using models from elsewhere, just as visitors witness the Alaska way of doing things.
McKinley Alaska Private Investment is launching a second private investment fund, in partnership with Doyon, Limited, to pump capital into Alaska companies.
McKinley Management added three new positions to its executive team. “These three positions add to the breadth and depth of services McKinley Management provides our four business units,” says CEO and Chief Investment Officer Rob Gillam.