---
title: What is a QP?
description: A qualified purchaser, or “QP,” must exceed a higher bar such as $5 million in investments as an individual or $25 million in investments as an entity. Under certain exemptions, funds are permitted to
---

[Skip to content](https://support.iselectfund.com/en/knowledge/what-is-a-qp#main-content)

English

Show submenu for translations

[Contact Us](https://support.iselectfund.com/en/knowledge/kb-tickets/new?hsLang=en)

![iselect logo.png\]](https://support.iselectfund.com/hs-fs/hubfs/iselect%20logo.png?height=40&name=iselect%20logo.png)

- [Portal](https://my.iselectfund.com)

Open main navigation

Close main navigation

- [Portal](https://my.iselectfund.com)
- English
  
  Show submenu for translations
- [Contact Us](https://support.iselectfund.com/en/knowledge/kb-tickets/new)
- [Back to Account](https://my.iselectfund.com/)

[Back to Account](https://my.iselectfund.com/)

 Hello. How can we help you? Search our resources or contact 314-219-8688 for direct support.

- There are no suggestions because the search field is empty.

1. [Help Center](https://support.iselectfund.com/en/knowledge?hsLang=en)
2. [Legal & Tax](https://support.iselectfund.com/en/knowledge/legal-tax?hsLang=en)

# What is a QP?

A qualified purchaser, or “QP,” must exceed a higher bar such as $5 million in investments as an individual or $25 million in investments as an entity. Under certain exemptions, funds are permitted to have more of these individuals or entities participating as investors. Rolling funds are set up with parallel fund structures underneath, so a fund may have a limited number of accredited investors (the “99/250 investor” limit) and a higher or unlimited number of QPs.

The term “qualified purchaser” is defined in Section 2(a)(51) of the Investment Company Act of 1940. You can visit the SEC’s website [here](https://www.sec.gov/investment/fast-answers/divisionsinvestmentinvcoreg121504htm.html#P84_14584) for the full definition.

- [About iSelect](https://support.iselectfund.com/en/knowledge/about-iselect?hsLang=en)
- [Getting Started](https://support.iselectfund.com/en/knowledge/getting-started?hsLang=en)
- [Portfolio Companies](https://support.iselectfund.com/en/knowledge/portfolio-companies?hsLang=en#main-content)

    - [Company Selection](https://support.iselectfund.com/en/knowledge/portfolio-companies?hsLang=en#company-selection)
    - [Diligence](https://support.iselectfund.com/en/knowledge/portfolio-companies?hsLang=en#diligence)
    - [Performance](https://support.iselectfund.com/en/knowledge/portfolio-companies?hsLang=en#performance)
- [Returns (see also Risks)](https://support.iselectfund.com/en/knowledge/returns-see-also-risks?hsLang=en)
- [Risks](https://support.iselectfund.com/en/knowledge/risks?hsLang=en)
- [Fees](https://support.iselectfund.com/en/knowledge/fees?hsLang=en)
- [Legal & Tax](https://support.iselectfund.com/en/knowledge/legal-tax?hsLang=en)
- [Due Diligence Process](https://support.iselectfund.com/en/knowledge/due-diligence-process?hsLang=en)
- [Statements](https://support.iselectfund.com/en/knowledge/statements?hsLang=en)
- [Investor Portal](https://support.iselectfund.com/en/knowledge/investor-portal?hsLang=en#main-content)

    - [Distributions](https://support.iselectfund.com/en/knowledge/investor-portal?hsLang=en#distributions)
- [Financial Advisors](https://support.iselectfund.com/en/knowledge/financial-advisors?hsLang=en)

- [Portal](https://my.iselectfund.com)

[![](https://api.hubapi.com/avatars/v1/signed-uris/1ClcKEwgEEg9pc2VsZWN0ZnVuZC5jb20Yk4fR-gUgk8RxKidicmFuZGluZzphcGk6d2ViOnVzZXItdHJhZmZpYzp1cy1lYXN0LTEyDTc1LjEzMC4yMDkuMzISGQB7DcdkSmVOeIszF_UmAb_Sy8k7dC3LJaM)](http://iselectfund.com)

CONTACT SUPPORT: 314-219-8688

Copyright © 2026, iSelect Fund