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Altegris launches Altegris KKR liquid alternative fund

Tuesday, April 28, 2015
Opalesque Industry Update - Altegris, a provider of alternative investment strategies, announces the launch of the Altegris KKR Commitments Fund. The 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.

"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. The Fund offers a number of features to investors including diversification, 1099 tax reporting and no capital calls, all at a lower minimum access point than traditional private equity.

"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."

The Altegris KKR Commitments Fund brings together one of the most established firms in private equity, KKR, with a leading alternative investment manager, Altegris, as the Fund's investment adviser, with the considered recommendations of the StepStone Group as the Fund's subadviser. StepStone oversees $60 billion in private capital allocations, including $12 billion of assets under management, with a team of 150 professionals. It is a premier global private markets asset manager and adviser. StepStone creates customized portfolios for sophisticated investors using a highly disciplined research-focused approach and will use its expertise to advise the Fund and Altegris on primary, secondary and co-investment opportunities, as well as provide guidance on portfolio construction.

"We are very pleased to advise this innovative alternatives investment product," said Monte Brem, StepStone's CEO. "Our global platform and proven research-focused investment approach position us well to assist Altegris in its goal of creating a top performing portfolio of alternatives investments."

Of particular attraction to Altegris is KKR's philosophy of being a true partner with portfolio companies' management teams, its global footprint and insight into local economies, and its commitment to environmental, social and governance factors in its investment decisions. KKR, a pioneer, brings a 38-year track record of private equity investing with over 1,000 employees in 21 cities and 15 countries across five continents. The firm aims to generate attractive investment returns using a patient and disciplined investment approach, employing world-class talent in a one-firm philosophy, and driving growth and value creation at the asset level.

The Fund should be considered a speculative investment and entails substantial risks. These risks include, but are not limited to, market risk, concentration risk, illiquidity, risks of leverage, non-diversification risk, lack of transparency, regulatory risk, potentially unfavorable changes in tax laws, lack of a secondary market or exchange to trade securities, foreign investment risks, sector risks, pricing risk, and volatility. There is no guarantee that any investment will achieve its objectives, generate profits or avoid losses. Diversification does not ensure profit nor protect against loss in declining markets. A prospective investor should invest in the Fund only if it can sustain a complete loss of its investment.

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