Altegris Launches KKR-Linked Liquid Alternative Fund

Apr 27 2015 | 2:50pm ET

Altegris has launched a new fund designed to offer accredited investors access to three of private equity company KKR’s investment styles.

The new vehicle, named the Altegris KKR Commitments Fund, offers accredited investors an opportunity to gain diversified exposure to KKR by committing to three different forms of private equity – primaries, secondaries and co-investments – at a minimum initial investment of $25,000, according to a press release.

"Accredited investors will now have the opportunity to access many of the same KKR private equity funds that institutional investors have had access to for years," said Jon Sundt, CEO of Altegris. "Altegris is providing investors with a portfolio spanning multiple private equity styles, geographic regions and life cycles, from newly established primary investment funds through mature secondary investment funds, all via a single subscription."

The Fund is registered under the Investment Company Act of 1940 as a closed-end investment fund, and its shares are registered for public offering under the Securities Act of 1933. 

"We are pleased that Altegris has decided to bring individual investors the opportunity to invest in private equity, with a focus on KKR private equity, through this new and innovative fund," said Suzanne Donohoe, Member and Head of Client and Partner Group at KKR. "KKR looks forward to the fund's investments in KKR private equity offerings as selected by Altegris and StepStone."

Altegris is a alternative investment manager with approximately $2.65 billion in assets under management across nine liquid alternative fund strategies. 

KKR is one of the world’s largest investment firms, managing capital across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. The firm’s AUM rose 5% last year to $98.6 billion.

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