Investor Types
An individual with an annual income of $200,000 in the last 2 years with the expectation of earning such amount in the current year.
What is an accredited investor?
Also known as private debt, direct lending or private lending.
What is private credit?
Regulates the activity of organizations offering securities to investors.
What is the Securities Act of 1933?
The platform for alternative investments at PAS.
What is iCapital?
An individual with $1.1M in AUM with the investment advisor.
What is a qualified client?
Real estate, REITs, BDCs, Natural Resources.
What are real assets?
Regulation D rule that allows entities to raise capital from investors and prohibits the use of general solicitation.
What is 506(b)?
True or False: Alternative Investments are subscriptions, not orders.
A company with over $25M in investments.
What is a qualified purchaser?
Buyout, distressed, energy and infrastructure, growth equity, secondaries, and venture capital.
What are examples of private equity investment strategies?
The act that specifies what qualifies as investment advice and established laws against misrepresentation and fraudulent activities in the securities market.
What is the Investment Advisers Act of 1940?
The document where all advisors, SAs, and home office folks should refer to when questioning an alt investment CUSIP, transaction fee, or commissions override.
What is the AI Cheat Sheet?
A trust with $5M in investments.
What is a qualified purchaser?
Responsible for pooling money from investors to invest in aggressive portfolios and achieve specific returns.
What is a hedge fund manager?
The goals of the investment company act of 1940.
What are protect investors and reduce conflicts of interest?
The document on GOL in the Alternative Investments section that reviews the process for creating a subscription on the platform.
What is the iCapital Subscription Guide for Advisors?
The Smith sisters own a coffee shop with $6M in assets. All 5 sisters have equity ownership in the coffee shop. 3 of them have a net worth of $1-1.5M excluding the value of their primary residence.
What is an accredited investor?
In terms of risk-return tradeoff, these investment types have high risk and high return. They are also illiquid and finite.
What are private equity and private credit?
The exclusion from the definition of investment companies under the 40 act that is limited to qualified purchasers.
What is the 3(c)(7) Fund?
The document on GOL in the Alt Investment section that outlines who iCapital is, financial rep training requirements, client qualifications, and more.
What is the Alternative Investment Policy and Business Guide?