Resources

Investor Eligibility Guide

A plain-language overview of the investor standards used for private offerings. This guide is general information, not an eligibility determination or an offer to invest.

01 — Regulation D

Accredited investors

An individual or entity may be an accredited investor by satisfying any applicable category in Rule 501(a). Common individual categories include:

Income

Income exceeding $200,000 individually, or $300,000 jointly with a spouse or spousal equivalent, in each of the prior two years, with a reasonable expectation of the same level in the current year.
Net worth

Individual or joint net worth exceeding $1 million, excluding the value of the primary residence and subject to the rule’s treatment of related debt.
Professional credentials

Certain SEC-recognized professional certifications held in good standing, currently including Series 7, Series 65, and Series 82 licenses.
Certain insiders and professionals

Certain directors, executive officers, general partners, knowledgeable employees, family offices, and family clients may qualify under the categories and conditions in the rule.

Entity categories can include certain regulated financial institutions and investment advisers; certain organizations or entities with more than $5 million in assets or investments; and entities in which all equity owners are accredited investors. Each category has its own conditions.

02 — Investment Company Act

Qualified purchasers

Qualified purchaser is a separate standard and is generally higher than accredited investor. Common statutory categories include:

Natural person: Owns at least $5 million in investments.
Family company: Owns at least $5 million in investments and satisfies the family-ownership conditions in the statute.
Certain trusts: Was not formed for the specific purpose of acquiring the offered securities and satisfies the statute’s trustee and settlor conditions.
Other persons: Own and invest on a discretionary basis at least $25 million in investments, for their own account or the accounts of other qualified purchasers.

Meeting an accredited investor category does not by itself establish qualified purchaser status.

03 — The Process

Acknowledgment is not verification

The acknowledgment shown on Delta Rock fund pages records only that a visitor has read the eligibility notice. It does not verify status, determine eligibility, approve an investor, or replace the subscription process.

Actual eligibility is reviewed for the applicable vehicle before a subscription is accepted. The definitive offering and subscription documents control, and additional criteria may apply.

04 — Rule 506(c)

How verification may work

Rule 506(c) requires an issuer to take reasonable steps to verify accredited investor status. The appropriate method depends on the facts and circumstances. The SEC’s non-exclusive methods for individuals include review of specified income or net-worth records and written confirmation from certain licensed or registered professionals. Qualified purchaser status, when required, is reviewed separately under the applicable standard.

Do not email tax returns, account statements, credit reports, identity documents, or other sensitive records to a general mailbox or submit them through the website contact form. Secure instructions will be provided if documentation is needed.

05 — Primary Sources

Read the official guidance

This guide is a summary and is not legal, tax, accounting, or investment advice. Definitions, thresholds, interpretations, and offering requirements can change. Consult your own professional advisers and rely on the applicable law and definitive offering documents.

Next Step

Review the firm’s disclosures.

Disclosures Contact