Can a bank or institution be an accredited investor?-
Yes. Entities such as banks, partnerships, corporations, nonprofits and trusts may be accredited investors. Depending on your circumstances, the following may be relevant to you:
- any trust, with total assets in excess of $5 million, not formed to specifically purchase the subject securities, whose purchase is directed by a sophisticated person, or
- any entity in which all of the equity owners are accredited investors.