| 1095 Avenue of the Americas |
| New York, NY 10036-6797 |
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| RICHARD HOROWITZ |
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| richard.horowitz@dechert.com |
| +1 212 698 3525 Direct |
| +1 212 698 0452 Fax |
April 21, 2015
John Grzeskiewicz, Esq.
Senior Counsel
Division of Investment Management
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549-0504
Re: | Altegris KKR Commitments Master Fund |
| SEC File Numbers: 333-195620; 811-22963 |
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| Altegris KKR Commitments Fund |
| SEC File Numbers: 333-195860; 811-22964 |
Dear Mr. Grzeskiewicz:
We are writing in response to the comments that we received from the Chief Counsel’s Office with respect to the registration statements on Form N-2 under the Securities Act of 1933, as amended (“Securities Act”), and the Investment Company Act of 1940, as amended (“1940 Act”), filed on March 20, 2015 on behalf of Altegris KKR Commitments Master Fund (the “Master Fund”) and Altegris KKR Commitments Fund (the “Feeder Fund,” and together with the Master Fund, the “Funds”), both closed-end management investment companies. The Funds have considered these comments and have authorized us to make the changes to the registration statements on their behalf in response to these comments. On behalf of Altegris Advisors, L.L.C., the investment adviser to the Master Fund, we hereby represent that there will be no direct or indirect payments from any KKR entity to any Altegris entity or to any third party, pursuant to any written agreement or any understanding, that are used to offset any expenses of the Funds.
In addition, we are hereby requesting that the registration statements be declared effective on April 22, 2015 or as soon as practicable thereafter. We have filed as a separate correspondence the Funds’ and the Distributor’s requests for acceleration of effectiveness.
If you have any questions regarding the registration statements, please feel free to contact me at (212) 698-3525.