An Act restricting a fiduciary of a state fund, the Alaska Retirement Management Board, and the Alaska Permanent Fund Corporation Board from investing or doing business with DigitalBridge Group, Inc., or an affiliate of DigitalBridge Group, Inc.

SB 221 prohibits the Alaska Retirement Management Board, the Alaska Permanent Fund Corporation Board, and the commissioner of revenue from investing state funds or conducting business with DigitalBridge Group, Inc., or its affiliates. The bill amends Alaska Statutes to specifically block these entities from using DigitalBridge as an investment partner for the state's retirement funds, permanent fund, and a designated subaccount within the budget reserve fund. This restriction directly affects how these state investment bodies manage funds by removing DigitalBridge Group and its affiliates from approved investment options. The policy change is a clear prohibition that alters investment eligibility without altering broader investment strategies.