Investor Eligibility
Qualified Purchaser
I am a qualified purchaser and meet one or more of the following criteria:
- I am an individual who owns not less than $5 million in investments.
- I am a family-owned company that owns not less than $5 million in investments and was not formed for the specific purpose of investing in the applicable fund.
- I am a trust that was not formed for the specific purpose of investing in the applicable fund, and each person authorized to make investment decisions for the trust, and each settlor or other person who contributed assets to the trust, is a qualified purchaser.
- I am an individual or entity, acting for my own account or the accounts of other Qualified Purchasers, that in the aggregate owns and invests on a discretionary basis not less than $25 million in investments.
- I am an entity in which all beneficial owners are Qualified Purchasers.
For purposes of these definitions, “investments” generally include securities, investment real estate, commodity interests, physical commodities, financial contracts, cash and cash equivalents, and other qualifying investment assets, but do not include a primary residence.
Qualified Client
I am a qualified client and meet one or more of the following criteria:
- I am a individual or company that, immediately after entering into the applicable investment advisory contract, will have at least $1.4 million under the management of the investment adviser.
- I am a individual with a net worth exceeding $2.7 million, either individually or together with assets held jointly with my spouse, excluding the value of my primary residence and applying the related indebtedness requirements.
- I am a company with a net worth exceeding $2.7 million immediately before entering into the applicable investment advisory contract.
- I am a qualified purchaser as defined under the Investment Company Act of 1940 at the time the applicable investment advisory contract is entered into.
- I am an executive officer, director, trustee, general partner, or person serving in a similar capacity of the investment adviser.
- I am an employee of the investment adviser, other than an employee performing solely clerical, secretarial, or administrative functions, who participates in the adviser’s investment activities and has performed those or substantially similar functions for at least 12 months.