CORRESP

0001193125-20-301746.txt : 20231026 0001193125-20-301746.hdr.sgml : 20231026 20201123214428 ACCESSION NUMBER: 0001193125-20-301746 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20201123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Altegris KKR Commitments Master Fund CENTRAL INDEX KEY: 0001606789 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: ONE GRAND CENTRAL PLACE STREET 2: 60 EAST 42ND STREET, 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10165 BUSINESS PHONE: (888) 524-9441 MAIL ADDRESS: STREET 1: ONE GRAND CENTRAL PLACE STREET 2: 60 EAST 42ND STREET, 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10165 FORMER COMPANY: FORMER CONFORMED NAME: iCapital KKR Private Markets Fund DATE OF NAME CHANGE: 20210216 FORMER COMPANY: FORMER CONFORMED NAME: Altegris KKR Commitments Master Fund DATE OF NAME CHANGE: 20150318 FORMER COMPANY: FORMER CONFORMED NAME: Altegris KKR Private Equity Master Fund DATE OF NAME CHANGE: 20140429 CORRESP 1 filename1.htm CORRESP


		1095 Avenue of the Americas
		New York, NY 10036-6797
		+1 212 698 3500 Main
		+1 212 698 3599 Fax
		www.dechert.com


		RICHARD HOROWITZ

		richard.horowitz@dechert.com
		+1 212 698 3525 Direct
		+1 212 698 8452 Fax

November 23, 2020

VIA EDGAR

Division of Investment Management

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

Attn: Ms. Deborah O’Neal

Re: Altegris KKR Commitments Master Fund (the “Company”)

Schedule 14A

Dear Ms. O’Neal:

We are writing in response to comments you provided telephonically to Dechert LLP, counsel to the Company, on October 21, 2020 with respect to the Registrant’s preliminary proxy statement filed on Schedule 14A (the “Preliminary Proxy”) on October 15, 2020. On behalf of the Registrant, we have summarized your comments below and provided the Registrant’s responses immediately thereafter.

1.	Comment: Please revise the discussion of Proposal 1 and Proposal 2 to ensure that all information required by Item 22(c) has been included in the proxy statement.

Response: The disclosure has been revised accordingly.

2.	Comment: Please consider including a step-by-step description and guidance regarding how to access the meeting materials and vote virtually.

Response: The disclosure has been revised accordingly.

3.	Comment: Please attach the proxy card to your response letter.

Response: We have attached the draft proxy card to this response letter.

4.	Comment: Please include a discussion of the vote required to approve Proposal 4 in the Q&A on page 4.

Response: The disclosure has been revised accordingly.

LOGO

5.	Comment: On page 5, the disclosure states that iCapital RF Adviser has agreed to pay all costs associated with the solicitation of proxies for the Special Meeting. If true, please confirm supplementally that the adviser will not be entitled to recoup these costs.

Response: We hereby confirm that iCapital RF Adviser will not be entitled to recoup the costs associated with the solicitation of proxies for the Special Meeting.

6.	Comment: In the second paragraph under “Information Regarding iCapital,” please revise the discussion to clarify that KKR Alternative Holdings does not control iCapital RF Adviser from a 1940 Act perspective.

Response: The disclosure has been revised accordingly.

7.	Comment: On page 9, the disclosure notes that an “affiliate of KKR will own a de minimis interest in iCapital Network.” Please consider clarifying this statement in light of the disclosure on the prior page that KKR “owns economically less than 25% of iCapital RF Adviser.”

Response: We have clarified the disclosure to make it clear that KKR, directly and indirectly, owns economically less than 25% of iCapital RF Adviser.

* * * * *

Should you have any questions or comments, please contact the undersigned at 212.698.3525.

Sincerely,

/s/ Richard Horowitz

Richard Horowitz

2

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