Monday, 27 July 2015
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…