Direct answer
Eligibility depends on the fund wrapper: sub-accredited professionals generally qualify for Interval Funds and Publicly Traded BDCs, while Accredited Investors and Qualified Purchasers can access all structures.
Eligibility depends heavily on the underlying asset class and fund wrapper:
- Sub-Accredited Professionals: Generally eligible for Interval Funds and Publicly Traded BDCs, which feature low minimums and high regulatory protections.
- Accredited Investors & Qualified Purchasers: Eligible for all structures, including Tender Offer Funds and Private BDCs, which often hold more aggressive, deeply illiquid assets like venture capital and late-stage private equity.
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