What is an accredited/sophisticated investor
Requirements for individuals:
- A net worth, combined with their spouse, of over $1 million, not including primary residence.
- An income of over $200,000 individually, or $300,000 with a spouse, in each of the past two years.
Requirements for professional or entities:
- Investment professionals holding a Series 7, Series 65 or Series 82.
- A family client of a family office that qualifies as an accredited investor.
- Knowledgeable employees of a private fund who are investing in the fund.
- Entities owning investments over $5 million
- SEC-registered Investment advisers and broker-dealers
- Financial entities such as banks, investment companies or business development companies, among others.