Alaska Permanent hires former StepStone executive Moseley

Moseley has joined the $49.2 billion sovereign wealth fund as a senior portfolio manager. Alaska Permanent Fund invests proceeds from the state’s huge supply of natural resources. Moseley will work on private equity investments, as well as pitch in to help out on infrastructure and private credit.

Moseley is not directly replacing anyone, according to a spokesperson for the Permanent Fund. The institution lost its former private markets head, Maria Tsu, earlier this year. She was replaced by Marcus Frampton.

While never accused of wrongdoing, Moseley’s name became attached to the massive pension pay-to-play investigation in New York in 2009. His former employer, Pacific Corporate Group, agreed to pay $2 million as part of former New York District Attorney Andrew Cuomo’s investigation, even though it was never formally charged. PCG blamed Moseley for its name showing up as part of the investigation and both parties sued each other.

Moseley has spent the last few years running an investment consultant called Rockland Management.

Chris Witkowsky is editor of peHUB