First Alaskan Capital Partners

Focus

First Alaskan Capital Partners, LLC is a unique investment firm which combines the experience of its principals and the financial strength of its investment partners to pursue investments in private companies.

While we will consider investments in a variety of industries, our focus is on telecommunications, energy, financial services, and companies for which real estate comprises a substantial part of the underlying value.

We bring national level experience to investments across the country, and deep local knowledge and reach to investments within Alaska.

Principals & Investment Partners

Each of our principals has more than 25 years of experience in investments with substantial equity and sophisticated financial structures. Collectively we have led transactions totaling well in excess of $3 billion.

Our investment partners include the most successful Alaska Native corporations. These companies, formed pursuant to the Alaska Native Claims Settlement Act, are owned by Eskimo, Indian, and Aleut people of Alaska. Our partnerships have included Arctic Slope Regional Corporation, Bering Straits Native Corporation, Bethel Native Corporation, Bristol Bay Native Corporation, Calista Corporation, Chugach Alaska Corporation, Cook Inlet Region, Inc., Old Harbor Native Corporation, and the Tatitlek Corporation.

Investments

We will invest for control of a company as well as for non-controlling positions, depending upon what is best for the underlying company. We have built our reputations on being good partners and have a verifiable record of acting in a manner that is ethical, forthright, and in the best interest of the underlying business. We prefer moderate leverage and will not seek to over-leverage the companies in which we invest. We have no predetermined exit dates for our investments and can invest for the long term.

Principals

Mark Kroloff

Mark Kroloff previously served as Chief Operating Officer of Arctic Slope Regional Corporation, where he was responsible for the operations of companies with over $2 billion of aggregate annual revenues. He also oversaw the company’s investment activities which included over $400 million of new investments during his tenure. Prior to that, Kroloff served as Chief Operating Officer of Cook Inlet Region, Inc. where he oversaw investments and operations that resulted in record profits for the company. Before joining Cook Inlet, Kroloff was a lawyer with the firm of Munger, Tolles & Olson in Los Angeles, California. Kroloff attended Claremont McKenna College and the University of Texas School of Law. He serves on the boards of directors of several public and private companies.

Jonathan Rubini

Jonathan Rubini is the founder and CEO of JL Properties, Inc., Alaska’s largest real estate investment and development firm. JL owns and operates a portfolio of commercial and residential properties in Alaska, Utah, and Florida in excess of $2 billion. In addition, JL developed the largest waste management company in Alaska, which it subsequently sold to a national player. Prior to founding JL Properties, Rubini was an attorney specializing in all aspects of public law, first as an Assistant Attorney General and later in private practice. Rubini attended Brown University and the University of California Berkeley Boalt Hall School of Law.

Experience

Trilogy International Partners, LLC

Together with our investment partners, we acquired an interest in Trilogy International Partners, an international telecommunications company founded by wireless pioneers John Stanton, Theresa Gillespie, and Bradley Horwitz.

Alaska Storage Holding Company, LLC

Together with our investment partners and Berkshire Hathaway Energy, we invested in the development and operation of an underground natural gas storage facility in Kenai, Alaska.

Mortgage Loan Portfolios

Together with our investment partners and Oaktree Capital Management, we acquired pools of commercial and residential mortgages in a series of seven transactions.

Geneva Woods Pharmacy & Healthcare Services

Together with one of our investment partners we invested in Geneva Woods which provides innovative pharmaceutical and healthcare services in ten western states.

JL-Evensol, LLC

Together with our investment partners and Evensol, we formed a company to acquire and develop alternative energy facilities across the country.

Remitly, Inc.

Together with Trilogy Equity Partners and others, we invested in Remitly, which is disrupting the remittance business with its innovative use of wireless technology.

Cybele’s Free-To-Eat, Inc.

Together with Ascent Investments, we invested in Cybele’s, which makes delicious foods that are gluten-free and free of the top eight food allergens.

Contact

Phone: 907.279.8001
Fax: 907.279.8066

813 D St., Suite 200
Anchorage, AK 99501

mkroloff@firstalaskan.com