Wednesday, 23 July 2014
Last updated 6 hours ago
May 2 2014 | 2:13pm ET
Kohlberg Kravis Roberts plan to allow investors to buy small slices of its funds from existing clients is only part of its effort to make its wares available to smaller investors.
KKR said in a regulatory filing yesterday that Altegris Advisors will launch a feeder fund for KKR’s products, giving investors access to them for as little as $10,000. The announcement follows KKR’s deal with Nasdaq OMX Group to launch a private market on which existing investors can sell pieces of their stakes in KKR funds.
KKR funds generally have multi-million dollar minimum investment requirements and lockups of up to a decade.
The Altegris fund will only launch if it can raise $25 million, KKR said in the filing.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…