How do you qualify?
A Qualified Institutional Buyer is a corporation that is deemed to be an accredited investor as defined in the Securities and Exchange Commission’s (SEC) Rule 501 of Regulation D. A QIB owns and invests a minimum of $100 million in securities on a discretionary basis.
A Qualified Client is defined in Rule 205-3 of the Investment Advisers Act. Currently, an individual or entity is a qualified client if he, she, or it: (i) has $1,000,000 or more of assets under management with the investment adviser after the investment in the fund; (ii) has a net worth of $2,100,000 prior to the investment in the fund (excluding the value of his or her primary residence).
A Qualified Purchaser is an investor that meets any of the following criteria: (i) an individual or family-owned business not formed for the specific purpose of acquiring the interest in the fund that owns $5,000,000 or more in investments; (ii) a trust not formed for the specific purpose of acquiring the interest in the fund which is sponsored by and managed by qualified purchasers; (iii) an individual or entity not formed for the specific purpose of acquiring the interest in the fund which owns and invests at least $25,000,000 in investments (or someone who is acting on account of such a person); or (iv) an entity, of which each beneficial owner is a qualified purchaser.
Thanks for submitting! We will be in touch shortly.
