Who May Participate in the Fund?
Carolina Capital Reserve Fund I is open to accredited investors. In order for an individual or an entity to qualify, they must typically meet at least one of the following criteria:
1. An individual with income exceeding $200,000 or joint income with his or her spouse of at least $300,000, in each of the last two years with the expectation to reasonably maintain the same level of income in the present year;
2. An individual with a net worth exceeding $1 million, excluding the primary residence, either individually or jointly with his or her spouse;
3. An entity that has assets exceeding $5 million that was not formed solely for the purpose of making the investment; or
4. An entity whose owners all satisfy 1, 2, or 3 above.
For more information about the SEC’s requirements and common exemptions, see Regulation D Rule 506 in this brochure, Q&A: Small Business & the SEC.
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