Financing funded.

• Position: The Polaris Fund

Financing Funded. Participating in a venture capital fund that is expected to attract up to $24 million in private investment and to create a source of private capital available to Alaskan businesses, the state plans to invest as much as $6 million over a two-year period. The Polaris Fund will be overseen by three general partners, all from the private sector: Jim Yarmon, an Anchorage lawyer; Tim Draper, a Menlo Park, Calif., manager of a $40 million seed venture capital fund; and Jim Lynch, a Massachusetts specialist in Latin America economic...