Other options for an entity to qualify as an Accredited Investor include:
- a bank or savings and loan,
- an insurance company,
- an investment company registered under the Investment Company Act of 1940,
- a business development company,
- a Small Business Investment Company (as defined under Section 301(c) or (d) of the Small Business Investment Act of 1958),
- a private business development company (as defined in Section 202(a)(22) of the Investment Advisers Act of 1940),
- a Rural Business Investment Company (as defined in 384A of the Consolidated Farm and Rural Development Act),
- an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974 (ERISA), with plan assets in excess of $5 million or with a plan fiduciary, as defined in Section 3(21) of ERISA, that is a bank, savings and loan insurance company or registered investment adviser, or if a self-directed plan, with investment decisions made solely by persons who are accredited investors described in one or more categories set forth by the SEC,
- a plan, established by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, with total assets in excess of $5 million.
For more information on the SEC’s definition of an accredited investor, please click here and for SEC’s amendments to the definition, effective December 8, 2020,
