MCKINLEY ALASKA PRIVATE INVESTMENTS, LLC

Thesis

McKinley Alaska Private Investments (MKA), established in 2019 and formalized in 2021, is an investment firm based in Anchorage, Alaska, with a distinct focus on opportunities relevant to Alaska and the Arctic region. As a subsidiary of McKinley Management, LLC, MKA's investment strategy centers on identifying private equity, venture capital, and real assets opportunities that have a connection to Alaska and the Arctic. The firm aims to co-invest with leading capital and strategic partners, utilizing its extensive Alaska network for proprietary deal flow and global connectivity for strategic partnerships. MKA makes investments through private funds, separately managed accounts, and direct investments in infrastructure assets located in or relevant to Alaska, and can act as a sub- or co-investment adviser. As of December 31, 2025, MKA reported total regulatory assets under management (AUM) of $206,225,201. The Na'-Nuk Investment Fund, LP, launched in January 2020, raised $117 million. Its successor, the Na'-Nuk Investment Fund 2, LP, launched in October 2023 with a target of $250 million, focusing on companies that aim to power, feed, connect, heal, and protect the planet, and is structured for venture capital, growth, and private equity investments. MKA's geographic focus is primarily the United States, with a strong concentration in Alaska, investing in companies with business operations relevant to the region. While specific stage preferences for MKA are not explicitly detailed, its parent company utilizes growth, venture capital, and direct lending strategies, and the Na'-Nuk Investment Fund 2 targets venture capital, growth, and private equity investments.