Quoted from flynnibus:I think he was talking about the funds only being available to buy through investment advisers… not just open market.
An Accredited Investor is someone with an individual with gross income exceeding $200,000 in each of the two most recent years or joint income with a spouse or partner exceeding $300,000
OR
a person whose individual net worth, or joint net worth with that person's spouse or partner, exceeds $1,000,000.
This allows you to invest in securities that are not registered with the Securities and Exchange Commission (SEC).