<p dir="auto" style="caret-color: #000000; font-size: medium; white-space: pre-wrap;">I needed why two standards exist at all. https://thelsmgroup.com/blog/accredited-vs-qualified-purchaser-whats-the-difference ties the distinction to fund structure: 3(c)(1) funds can take accredited investors but are generally capped around 100 beneficial owners, while 3(c)(7) funds require every investor to be a qualified purchaser and can scale far beyond that limit. Helpful if &ldquo;why does this fund ask for QP?&rdquo; was never explained.