How qualified investors subscribe to Loanetics funds.
Interests in Loanetics-sponsored funds are offered only to accredited investors and, where applicable, qualified purchasers, under U.S. federal securities laws. The pages below outline the qualification standards and the subscription process.
How to qualify.
An investor generally qualifies as an "accredited investor" under Rule 501 of Regulation D by meeting any of the following categories. Categories are summarized here for convenience — the definitive definitions apply.
Income test
Individual income exceeding $200,000 in each of the two most recent years, or joint income with spouse or spousal equivalent exceeding $300,000 for those years, with a reasonable expectation of the same level in the current year.
Net worth test
Individual net worth, or joint net worth with spouse or spousal equivalent, exceeding $1,000,000, excluding the value of the primary residence.
Professional certifications
Holding in good standing certain professional credentials designated by the SEC — currently Series 7, Series 65, and Series 82.
Entity accreditation
Entities with assets exceeding $5,000,000 not formed for the specific purpose of acquiring the securities offered, or entities whose equity owners are all accredited investors, and other entity categories per Rule 501.
Institutional accreditation
Registered investment companies, banks, insurance companies, employee benefit plans meeting defined thresholds, and other institutional categories per Rule 501.
Qualified purchaser
For 3(c)(7) funds, investors must additionally qualify as "qualified purchasers" under Section 2(a)(51) — generally, natural persons owning $5,000,000 in investments, or entities owning $25,000,000 in investments.
Step-by-step subscription.
NDA & access to fund materials
An NDA is executed and the investor is granted access to the PPM, LPA, DDQ, audited financials, and portfolio letters through the LP Portal.
Diligence & investor Q&A
The investor completes diligence with the support of Investor Relations. Written Q&A is encouraged and answered on the record.
Subscription documents
The investor completes the subscription agreement, investor questionnaire, W-9 or W-8BEN/W-8BEN-E, wire instructions form, and beneficial-ownership certifications where required.
Accreditation verification
Accreditation is verified using one of the SEC-permitted methods — third-party verification letter from CPA, attorney, or registered adviser, or documentary review with a reasonable-basis determination.
AML / KYC / beneficial ownership
Anti-money-laundering and know-your-customer procedures are completed, including sanctions screening and beneficial-ownership disclosure where required.
Countersignature & admission
The General Partner countersigns the subscription documents and admits the investor as a limited partner on the applicable capital-call date.
Capital call & wire
Capital calls are issued with 10 business days' notice. The investor wires committed capital to the segregated fund account per the wire instructions.
LP Portal activation
Portal credentials are issued. The investor gains access to capital account statements, K-1s, portfolio letters, and audit reports for the funds subscribed.
Investor checklist.
- Government-issued ID — driver license or passport for individuals; certified formation documents for entities.
- Tax form — Form W-9 (U.S. persons) or Form W-8BEN / W-8BEN-E (non-U.S. persons).
- Accreditation verification — Third-party verification letter from CPA, attorney, or registered adviser; or documentation supporting the applicable accreditation category.
- Beneficial ownership certification — Where required, disclosure of natural-person beneficial owners.
- Wire instructions — Bank verification of the investor's remitting account for AML purposes.
- Executed subscription documents — Subscription agreement, investor questionnaire, and applicable side-letter or election forms.
How long the process typically takes.
From NDA execution to admitted-LP status typically runs 2 to 4 weeks — driven primarily by investor diligence pace and completeness of documentation. Time-sensitive closings can be accelerated when the investor prioritizes response time.