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🇺🇸 US · Secondaries & liquidity

Qualified purchaser

Also called: QP

In one line

A US investor meeting a high investable-assets threshold, a status above 'accredited' needed for certain large private funds.

In plain English

Some private funds can only take 'qualified purchasers' — a stricter bar than accredited investor, based on investments held. It further narrows who can buy into certain vehicles.

If you were explaining it to a 5-year-old

An even more exclusive badge than the normal one — only the wealthiest grown-ups get in to certain clubs.

Why it matters when you sell

The qualified-purchaser bar can limit which funds or SPVs can buy your shares, shaping your pool of buyers.

Related terms

Accredited investorSpecial purpose vehicle (SPV)Regulation DSecondary market

Put it to use

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Sources

Primary references for this term: US SEC / Investor.gov. Our definitions are written in plain English and kept evergreen — see the glossary methodology. General information, not advice.

Educational information only — not financial, tax or legal advice, and not an offer to buy or sell any security. Definitions are general; your own documents and local law govern your situation. PrivateTechShares is independent and not a broker or marketplace.