http://www.hedgefundlawblog.com/what-is-a-qualified-purchaser.html Blogging on hedge fund laws, starting a hedge fund, news and events... Thu, 05 Jan 2012 15:32:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.hedgefundlawblog.com/what-is-a-qualified-purchaser.html/comment-page-1#comment-6775 NASAA’s Proposed Model Rule to Exempt Private Fund Advisors from State Registration — Hedge Fund Law Blog Mon, 25 Jul 2011 19:18:00 +0000 http://www.hedgefundlawblog.com/?p=437#comment-6775 [...]  The stated rationale for this proposal is that investors in Section 3(c)(7) funds must be qualified purchasers and therefore do not need managers to be registered with the state securities commission.  To [...] [...]  The stated rationale for this proposal is that investors in Section 3(c)(7) funds must be qualified purchasers and therefore do not need managers to be registered with the state securities commission.  To [...]

]]> http://www.hedgefundlawblog.com/what-is-a-qualified-purchaser.html/comment-page-1#comment-5860 FINRA Proposes Amendments to Rule 5122 — Hedge Fund Law Blog Thu, 20 Jan 2011 02:39:08 +0000 http://www.hedgefundlawblog.com/?p=437#comment-5860 [...] Qualified purchasers [...] [...] Qualified purchasers [...]

]]> http://www.hedgefundlawblog.com/what-is-a-qualified-purchaser.html/comment-page-1#comment-5362 Conversion of a 3(c)(1) hedge fund to a 3(c)(7) hedge fund — Hedge Fund Law Blog Fri, 10 Sep 2010 22:56:05 +0000 http://www.hedgefundlawblog.com/?p=437#comment-5362 [...] Qualified Purchaser Definition [...] [...] Qualified Purchaser Definition [...]

]]> http://www.hedgefundlawblog.com/what-is-a-qualified-purchaser.html/comment-page-1#comment-3911 Qualified Eligible Person (QEP) Definition — Hedge Fund Law Blog Thu, 24 Dec 2009 18:27:26 +0000 http://www.hedgefundlawblog.com/?p=437#comment-3911 [...] qualified purchasers [...] [...] qualified purchasers [...]

]]> http://www.hedgefundlawblog.com/what-is-a-qualified-purchaser.html/comment-page-1#comment-2823 Hedge Fund Investors Overview — Hedge Fund Law Blog Wed, 19 Aug 2009 18:18:00 +0000 http://www.hedgefundlawblog.com/?p=437#comment-2823 [...] purchasers which is a higher threshold than the accredited investor or qualified client standard. A qualified purchaser is generally an individual investor with a $5 million dollar liquid net worth (cannot include the [...] [...] purchasers which is a higher threshold than the accredited investor or qualified client standard. A qualified purchaser is generally an individual investor with a $5 million dollar liquid net worth (cannot include the [...]

]]> http://www.hedgefundlawblog.com/what-is-a-qualified-purchaser.html/comment-page-1#comment-277 Section 3(c)(7) Hedge Funds | Hedge Fund Law Blog Tue, 14 Oct 2008 21:34:18 +0000 http://www.hedgefundlawblog.com/?p=437#comment-277 [...] a qualified purchaser is an individual with a liquid net worth of $5 million or an institution with a net worth of $25 [...] [...] a qualified purchaser is an individual with a liquid net worth of $5 million or an institution with a net worth of $25 [...]

]]> http://www.hedgefundlawblog.com/what-is-a-qualified-purchaser.html/comment-page-1#comment-229 Hedge Fund CPO Exemptions | Hedge Fund Law Blog Mon, 06 Oct 2008 15:00:11 +0000 http://www.hedgefundlawblog.com/?p=437#comment-229 [...] Investors must generally be qualified purchasers.  (HFLB note: the definition makes reference to qualified eligible persons but in this case it [...] [...] Investors must generally be qualified purchasers.  (HFLB note: the definition makes reference to qualified eligible persons but in this case it [...]

]]> http://www.hedgefundlawblog.com/what-is-a-qualified-purchaser.html/comment-page-1#comment-126 Real Estate Hedge Fund Structure | Hedge Fund Law Blog Sun, 21 Sep 2008 20:45:58 +0000 http://www.hedgefundlawblog.com/?p=437#comment-126 [...] The real estate hedge fund structure is similar to a hedge fund focused on trading securities; however there are some important differences. Most importantly, as long as the real estate fund is not investing in any securities (or money market accounts which may, in certain circumstances, be deemed to be securities), the fund will not be subject to the Investment Company Act of 1940 and therefore will not need to fall within either the 3(c)(1) or the 3(c)(7) exemption. This allows the real estate hedge fund a little more flexibility than securities hedge funds. Notably, the fund will need to adhere to the Regulation D requirements of the Securities Act of 1933 only and not the Investment Company Act. This means that the fund will be able to have an unlimited amount of accredited investors and up to 35 non-accredited investors. There is no requirement that investors in a real estate fund be either a qualified client or a qualified purchaser. [...] [...] The real estate hedge fund structure is similar to a hedge fund focused on trading securities; however there are some important differences. Most importantly, as long as the real estate fund is not investing in any securities (or money market accounts which may, in certain circumstances, be deemed to be securities), the fund will not be subject to the Investment Company Act of 1940 and therefore will not need to fall within either the 3(c)(1) or the 3(c)(7) exemption. This allows the real estate hedge fund a little more flexibility than securities hedge funds. Notably, the fund will need to adhere to the Regulation D requirements of the Securities Act of 1933 only and not the Investment Company Act. This means that the fund will be able to have an unlimited amount of accredited investors and up to 35 non-accredited investors. There is no requirement that investors in a real estate fund be either a qualified client or a qualified purchaser. [...]

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