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 OR

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

an individual (or any entity not formed just to buy into a fund) which owns and invests at least $25,000,000 in investments (or someone who is acting on account of such a person) OR

an entity, of which each beneficial owner is a qualified purchaser.