A qualified purchaser is a type of investor (other types are accredited investor and qualified clients) who can participate in certain alternative asset vehicles, such as 3(c)(7) funds. This standard gives SPV Organizers more flexibility in terms of the number of participants that can subscribe than the type of vehicles available for accredited investors (3(c)(1) funds). This ultimately enables the fund to grow to a bigger size and invest more capital through a single vehicle. To become a qualified purchaser, an individual generally has to have at least $5 million in investments or assets and a legal entity must have at least $25 million in investments.