In response to the growing market for registered private equity fund products, Altegris Advisors is targeting a 2016 launch for a private debt-themed vehicle. The firm may also explore other opportunities, including venture capital or growth equity, according to CEO and CIO Jack Rivkin, who says the registered funds have, to this point, largely been confined to the buyout space. Rivkin says the market exists for more focused funds across various sub-segments, with private credit providing the most promising opportunity due to the larger number of fund managers in the lending space and the anticipation that distressed debt investing will continue to thrive amid market instability.

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