Reg D · Rule 506(c)
Offering exemption permitting general solicitation when all purchasers are accredited investors and the issuer takes reasonable steps to verify their status.
- Accredited investorAn investor meeting the income, net-worth, licence or entity tests of Rule 501 of Regulation D.
Questions that involve Reg D · Rule 506.
How does the Fund acquire CRTs?
Directly from issuers through private placements. The applicable exemption is established by each issuer’s offering documents; it is separate from the Fund’s own Rule 506(c) offering. Where an issuer runs a concurrent Regulation Crowdfunding offering of the same instrument, the Fund purchases alongside it — never through the funding portal.
What is Regulation D, Rule 506(c)?
Rule 506(c) permits general solicitation, provided all purchasers are accredited investors and the issuer takes reasonable steps to verify that status. The Fund is offered under Rule 506(c). An inquiry form or self-certification alone does not complete verification.
How does Reg CF differ from Reg D?
Regulation Crowdfunding lets issuers raise up to $5M a year from the public through a registered funding portal, with investment limits for non-accredited investors. Regulation D offerings are private placements, chiefly to accredited investors.
Who can invest?
Accredited investors only. The Fund is offered under Regulation D, Rule 506(c).
From: CRTs & revenue share · Regulation & eligibility · Investment
Definitions are provided for reference and are not investment, legal or tax advice. Any offer is made only by the Fund's confidential Private Placement Memorandum.