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Does an Italian HNWI Expat Meet EU Accredited Investor Requirements for a US-Domiciled Malaysia-Focused Fund?

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May 03, 2023
Hoping some of the EU folks can help me with a question. My fund is focused on Malaysia to be domiciled in the US (where most LPs currently are). I've never really looked to EU for LPs but I have an HNWI expat from Italy that is interested. So I am trying to ensure the person meets the Accredited Investor requirements. I assume the relevant standard would be EU standard not the standard in the domicile location. From what I found in EU the person must meet at least two of the following: a. has carried out transactions of significant size on the relevant market at an average frequency of 10 per quarter over the previous four quarters b. has financial portfolio exceeding EUR 500000 c. works or has worked in the financial sector for at least one year The person easily meets the 2nd but is not makes 10 transactions per quarter nor comes from the financial sector. Does someone have other guideline as to who qualifies? Or experience with similar?
1 answer
Community Member
Accepted Answer
May 03, 2023
Limited Partners need to be accredited in the US by the US standard for a fund domiciled in Delaware.

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