LA JOLLA, Calif., April 27, 2015 /PRNewswire/ -- Altegris, a
provider of premier 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. For more information about the Altegris KKR Commitments
Fund, please visit: www.altegris.com/kkr.
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.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Altegris KKR
Commitments Master Fund and Altegris KKR Commitments Fund. This and
other important information about a Fund is contained in the Fund's
prospectus, which can be obtained by calling (888) 524-9441. The
prospectus should be read carefully before investing.
About Altegris
Altegris searches the world to find what we believe are the best
alternative investments. Our suite of alternative investment
solutions are designed for financial professionals and individuals
seeking to improve portfolio diversification.
With one of the leading research and investment groups focused
solely on alternatives, Altegris follows a disciplined process for
identifying, evaluating, selecting and monitoring investment talent
across a spectrum of alternative strategies including managed
futures, global macro, long/short equity, private equity,
event-driven and others.
Veteran experts in the art and science of alternatives, Altegris
guides investors through the complex and often opaque universe of
alternative investing. Alternatives are in our DNA. Our very name,
Altegris, highlights our singular focus on alternatives, the
highest standards of integrity, and a process that constantly seeks
to minimize investor risk while maximizing potential returns.
The Altegris group of affiliated companies is wholly-owned and
controlled by (i) private equity funds managed by Aquiline Capital
Partners LLC and its affiliates (Aquiline), and by Genstar Capital
Management, LLC and its affiliates (Genstar), and (ii) certain
senior management of Altegris and other affiliates. Established in
2005, Aquiline focuses its investments exclusively in the financial
services industry. Established in 1988, Genstar focuses its
investment efforts across a variety of industries and sectors,
including financial services. The Altegris companies include
Altegris Investments, Altegris Advisors, and Altegris Clearing
Solutions. As of March 31, 2015,
Altegris had $2.65 billion in client
assets.
Distributed by Altegris Investments, LLC. Altegris Advisors is
an affiliate of Altegris Investments, and serves as the investment
adviser to the Altegris KKR Commitments Master Fund.
The Fund has a master/feeder structure. The Altegris KKR
Commitments Fund (the "Feeder Fund") has the same objective and
strategies as the Altegris KKR Commitments Master Fund ("the Master
Fund", collectively the "Fund").
The adviser is not an affiliate of the StepStone Group or
Kohlberg Kravis Roberts & Co. (KKR). KKR is neither a sponsor,
adviser, nor affiliate of the Fund. There is no agreement or
understanding between KKR and Altegris or StepStone regarding the
management of the investment program of the Fund.
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SOURCE Altegris