Qualified Purchaser

Characterized as an individual or a family-owned business that possesses investments totaling $5,000,000 or more, and is not established solely for the purpose of investing in a fund OR a trust that is not specifically established to acquire an interest in a fund, but is sponsored and managed by qualified purchasers OR an individual or any entity, not formed solely for fund investment purposes, that owns and invests a minimum of $25,000,000 in investments, or someone who is acting on behalf of such an individual or entity OR an entity where each beneficial owner qualifies as a qualified purchaser.