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.