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KKR partners with mutual fund manager Altegris for new vehicle

2 May 2014

US private equity firm  KKR has partnered with mutual fund manager Altegris Advisors to launch a new fund targeting accredited investors with a minimum fund commitment of $10,000.

The vehicle, which is targeting $25m, could sell shares on Nasdaq Private Market, a filing showed.

The Altegris KKR Private Equity Master Fund will commit up to 70 per cent of its capital to KKR-managed funds.

KKR was recently said to be exploring options to sell stakes in its buyout funds via a private market managed by Nasdaq.

LPs including pension funds and individual investors will be able to sell stakes valued at as little as tens of thousands of dollars. This would enable investors to cash out earlier than usual and expand the firm’s investor base.

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