A legal blog on private funds, startups, and venture capital.

Tag Qualified Client

image of a number of investors interesting in a product

Private Equity and Hedge Funds

Accredited Investors vs. Qualified Clients vs. Qualified Purchasers: Understanding Investor Qualifications

Accredited investors, qualified clients, and qualified purchasers are three categories of investor qualification that are important to private fund managers. This post provides an explanation of the differences between them.

Alexander J. Davie
August 17, 2017

Private Equity and Hedge Funds

The SEC Increases the Net Worth Requirement of the Definition of “Qualified Client” Impacting Both Registered and Some Unregistered Private Fund Managers

Private fund managers who are registered with the SEC are required to follow federal regulations on performance compensation. Generally, if a registered fund manager desires to collect fees based on fund performance (such at the typical 20% carried interest), then…

Alexander J. Davie
February 23, 2012