KKR, Altegris To Create Feeder Fund With $10K Minimum

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.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR