The minimum investment in the Fund is $50,000. While iSelect recommends that each investor divide his or her investment amongst 10-20 Portfolio Companies, investors may select as many or as few as they please. Upon receiving the check or wire transfer, iSelect will exercise warrants to purchase the securities of the Portfolio Companies chosen by the investor and allocate the securities purchased to that Investor’s Series “Sub-Fund” Account. An annual management fee covers iSelect’s administrative costs.
Proceeds from any distributions or dividends from Portfolio Company securities are allocated to that Investor’s Series Sub-Fund Account. After the investor has 100% of his or her initial investment amount returned, 15% of any subsequent distributions are returned to iSelect.
Sales of interest in iSelect will be made exclusively to accredited investors in compliance with the requirements of Regulation D. All investors must provide adequate information to confirm the investor’s status as an “Accredited Investor” as defined in Regulation D and as further required by the United States Securities and Exchange Commission.