What is a Qualified Purchaser?

A Qualified Purchaser is defined as:

• An individual (or family-owned business not formed just to buy into a fund) that owns $5,000,000 or more in investments

• A trust not formed for the specific purpose of acquiring the interest in the fund which is sponsored by and managed by qualified purchasers

• An individual (or any entity not formed just to buy into a fund) which owns and invests at least $25,000,000 in investments

• An entity of which each beneficial owner is a qualified purchaser