In order to invest in Cadre Funds, investors must meet the criteria of being an accredited investor.
“Accredited investor” has been defined by the Securities and Exchange Commission (SEC) as a test to determine who is eligible to participate in certain private capital market offerings. Generally an individual person is an accredited investor if they: (1) had an income of $200,000 over the last two years (or $300,000 jointly with a spouse or spousal equivalent) and reasonably expect to satisfy the same criteria in the current year, (2) have a net worth of over $1,000,000, either alone or together with a spouse or spousal equivalent (excluding the person’s primary residence) or (3) hold a Series 7, Series 82, or Series 65 financial services license and is in good standing. An individual must be an accredited investor to invest with Cadre.
Generally, as a non-U.S. investor you must be a qualified purchaser to invest with Cadre. Generally, an investor is a qualified purchaser if the investor (1) holds investments greater than $5,000,000 or (2) is acting on behalf of other qualified purchasers who, in aggregate, own and invest greater than $25,000,000 in investments.
Our website and offerings are directed solely to persons located within the United States. If you live outside the United States, it is your responsibility to fully observe the laws of any relevant territory or jurisdiction outside the United States in connection with any purchase of membership interests, including obtaining required governmental or other consents or observing any other required legal or other formalities. Unless otherwise expressly indicated by us, we have not registered or qualified the offering of shares in any jurisdiction outside the United States.
In addition to qualifying as an individual, there are other categories of accredited investors which will satisfy the SEC’s definitions: (1) any trust, with total assets in excess of $5 million, not formed specifically to purchase the subject securities, whose purchase is directed by a sophisticated person, or (2) certain entity with total investments in excess of $5 million, not formed to specifically purchase the subject securities, or (3) any entity in which all of the equity owners are accredited investors.