Alaska Permanent Capital Management Under New Umbrella
Photo Credit: iLixe48 | Envato
Anchorage-based holding company Blue Umbrella is engaged in a plan to acquire Alaska Permanent Capital Management Company (APCM). The move is expected to provide APCM with more resources and capital to foster growth, community networks, and new client relationships.
At the close of the transaction, anticipated by the end of March, Blue Umbrella will become the majority owner of APCM and its subsidiary company, Alaska Wealth Advisors.
Changes Involve Leadership Shuffle
APCM has been an investment advising company since 1992, founded by Dave Rose, the first executive director of the Alaska Permanent Fund Corporation. It provides institutional investment management for active, fixed-income portfolios and balanced accounts that include a mix of stock index funds, bonds, and alternative investments. Its subsidiary, Alaska Wealth Advisors, is a registered investment advisor, providing financial planning and investment management for individuals, trusts, retirement funds, and institutions since 2014.
The acquisition involves changes in APCM’s executive suites. Dave Rose’s son Evan Rose is stepping down as CEO.
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January 2025
Evan Rose explains, “William (Bill) Lierman will transition to the CEO role. He has been with APCM for twenty-two years and he, along with nineteen-year veteran Brandy Niclai (Chief Investment Officer Multi-Asset Strategies) are proven firm leaders with extensive client, product, service, and partner experience. Now, backed by the resources and support of Blue Umbrella, we’re enthusiastic about new opportunities to expand APCM’s product mix and client relationships.”
Rose will remain with the organization as Chief Compliance Officer, and Alaska Wealth Advisors CEO Laura Bruce and her team will remain in place.
Jimmy Miner, who co-founded Blue Umbrella in 2021, says, “We are thrilled and honored to welcome Alaska Permanent Capital Management into our growing portfolio of local Alaska companies with a bright future. Their longstanding leadership team’s proven commitment to customer care and delivering value aligns with our core philosophy, and we look forward to supporting them as they continue to provide the excellent services, advice, and growth their clients have come to expect.”
Blue Umbrella specializes in solving succession-planning issues for middle-market companies by bringing in long-term, patient capital with a focus on stability, capital allocation, and growth.
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