How to Invest $1M: Stop Investing Like a Retailer, Start Like an Institution
With $1 million to invest, you've crossed into accredited investor territory—unlocking access to institutional-grade opportunities previously unavailable to retail investors. This is the threshold where sophisticated wealth management strategies diverge fundamentally from conventional advice.
This guide introduces the "Endowment Lite" model: adapting university endowment strategies for individual liquidity needs. Learn how to deploy capital into direct indexing for tax alpha, interval funds for 8-11% yields with quarterly liquidity, search funds for asymmetric growth, and advanced tax optimization structures. The framework targets 10-13% annual returns while preserving capital through true institutional diversification.
This framework targets accredited investors with $1M in investable assets (meeting $200k income or $1M net worth excluding primary residence). You're not yet a Qualified Purchaser ($5M+ in investments), which creates specific opportunities through interval funds and feeder funds that bridge retail and institutional markets. For broader allocation guidance, see our complete guide on how to invest money across different portfolio sizes.
Why Alternative Investments Matter at the $1M Level
At $1M, alternatives become a core driver of portfolio efficiency, not a side allocation. Your accredited investor status unlocks private markets that provide three critical advantages: the illiquidity premium (earning 2-4% extra for locking capital), non-correlated returns that reduce volatility, and access to institutional strategies previously reserved for ultra-high-net-worth investors.
Alternatives fall into two layers: Core Alternatives (40-50% allocation: interval funds, private credit, real estate syndications, search funds) provide the foundation for enhanced returns and diversification. Specialized Alternatives (5-15% allocation: carbon credits, mineral rights, litigation finance, collectibles funds, farmland) offer asymmetric opportunities in niche markets with limited institutional competition.
Building toward Qualified Purchaser status? Review these frameworks while growing your portfolio:
Key Takeaways
- Direct indexing replaces ETFs for tax-efficient core equity exposure — owning 300-500 individual stocks enables continuous tax loss harvesting, adding 1-2% annually in after-tax returns. At $1M, this single optimization compounds to $200k-$400k over 20 years
- Interval funds are the secret weapon for $1M portfolios — providing 8-11% yields from institutional private credit with quarterly liquidity windows. Allocate 20-30% ($200k-$300k) to capture the yield premium while maintaining adequate liquidity for life events
- Search funds offer asymmetric upside unavailable in public markets — backing entrepreneurs to acquire profitable small businesses produces 30%+ IRRs historically. Deploy 5-10% ($50k-$100k) across 2-4 search funds as a private equity substitute accessible to accredited investors
- Advanced tax structures can eliminate capital gains entirely — Opportunity Zone funds, donor-advised funds for appreciated stock, and self-directed IRAs for alternatives create 2-3% annual tax alpha when properly implemented
The $1M Gate: What Accredited Investor Status Unlocks
Crossing $1 million in net worth (excluding primary residence) or earning $200k annually ($300k jointly) grants accredited investor status—unlocking access to private placements, Regulation D offerings, and institutional-grade investment vehicles. This is the critical threshold where investment opportunities fundamentally change.
What You Can Access Now
- ✓Interval Funds with quarterly liquidity and 8-11% yields
- ✓Real Estate Syndications with $25k-$50k minimums
- ✓Search Funds and ETA opportunities
- ✓Private Credit Funds with institutional economics
- ✓Direct Indexing platforms ($100k-$250k minimums)
Still Restricted (Requires Qualified Purchaser)
- ○Top-tier Private Equity funds (Blackstone, KKR, Apollo)
- ○Most hedge funds (3(c)(7) structure requires $5M+ investments)
- ○Direct venture capital fund LP positions ($1M-$5M minimums)
- →Solution: Feeder funds and interval structures provide access to these strategies with $50k-$250k minimums
Critical Distinction: At $1M, you're an Accredited Investor but not yet a Qualified Purchaser ($5M+ in investments). This creates opportunities through interval funds, feeder funds, and syndications that provide institutional exposure without requiring $5M+ minimums. Your strategy should focus on these "bridge" vehicles while building toward Qualified Purchaser status.
In This Guide
How to Invest 1 Million: Portfolio Examples Using the Endowment Lite Model
At $1M, portfolio strategy shifts from simple diversification to sophisticated asset allocation that balances tax efficiency, yield, growth, and liquidity. The Endowment Lite model adapts institutional frameworks for individual needs, emphasizing direct indexing over ETFs, interval funds for private credit yields, and search funds for asymmetric upside. Below are three allocation frameworks for different objectives.
Income Focused
Cash flow generation, 8-10% targeted return
$300,000
$300,000
$200,000
$50,000
$150,000
Total Alternatives: 55% (Core 50% + Specialized 5%)
Balanced Growth
Endowment Lite model, 10-13% targeted return
$350,000
$250,000
$150,000
$100,000
$50,000
$100,000
Total Alternatives: 55% (Core 50% + Specialized 5%)
Aggressive Growth
Maximum alpha focus, 13-18% targeted return
$400,000
$150,000
$50,000
$200,000
$100,000
$100,000
Total Alternatives: 50% (Core 40% + Specialized 10%)
How Niche Alternative Investments Fit Into a $1M Portfolio
Core alternatives—interval funds, private credit, real estate syndications, and search funds—form the foundation of the Endowment Lite model with 40-50% allocation. Specialized alternatives complement them by targeting niche, high-inefficiency markets with 5-15% allocation.
At $1M, you have sufficient capital to allocate 5-15% to specialized alternative investments that most retail investors never access. These niche alternatives provide asymmetric return opportunities, true portfolio diversification, and exposure to markets with limited institutional competition. Unlike core alternatives, specialized alternatives target specific inefficiencies in commodity markets, intellectual property, and collectible assets.
Allocation Framework: Core vs Specialized Alternatives
Income Focused
Core Alts: 50% ($500k)
Specialized Alts: 5% ($50k)
Traditional/Core Equity: 45% ($450k)
Balanced Growth
Core Alts: 50% ($500k)
Specialized Alts: 5% ($50k)
Traditional/Core Equity: 45% ($450k)
Aggressive Growth
Core Alts: 40% ($400k)
Specialized Alts: 10% ($100k)
Traditional/Core Equity: 50% ($500k)
Carbon Credits & Climate Markets
Carbon credit markets are rapidly expanding as corporations face regulatory requirements and voluntary ESG commitments. Investors can access this through carbon credit ETFs, direct voluntary carbon markets, or tokenized carbon credits. Allocation: $5k-$15k (0.5-1.5% of portfolio) as a speculative long-term climate bet.
Explore Carbon MarketsMineral Rights & Royalties
Mineral rights provide passive income from oil, gas, and mineral extraction without operational risk. Investors receive royalty payments (typically 12.5-25% of production) with minimal ongoing involvement. Platforms now offer fractional mineral rights with $10k-$25k minimums. Allocation: $10k-$25k (1-2.5% of portfolio).
View Mineral Rights GuideLitigation Finance
Funding commercial litigation in exchange for settlement proceeds offers returns uncorrelated with economic cycles—outcomes depend on legal merit, not markets. Typical case durations: 18-36 months with 15-30% IRR targets. Treat as speculative: $10k-$30k (1-3% of portfolio) across multiple cases.
Learn About Litigation FinanceLuxury & Collectibles Funds
Fractional ownership in blue-chip art, fine wine, classic cars, and watches provides portfolio diversification and inflation protection. Platforms like Masterworks (art), Vinovest (wine), and Rally (collectibles) offer $10k-$50k minimums. Allocation: $10k-$30k (1-3% of portfolio) for passion assets with appreciation potential.
Explore Collectibles OptionsFarmland & Timberland
Agricultural land provides inflation protection, stable income from crop sales or leases, and land appreciation. Platforms like FarmTogether and AcreTrader offer fractional farmland with $15k-$50k minimums and 5-7 year holds. Allocation: $15k-$50k (1.5-5% of portfolio) for real asset diversification.
View Farmland InvestingMusic Royalties & IP Rights
Music royalty investments provide passive income from streaming, radio play, and licensing. Platforms offer fractional ownership in song catalogs with predictable cash flows. Returns depend on song popularity and streaming trends. Allocation: $5k-$20k (0.5-2% of portfolio) for entertainment IP exposure.
Explore Music RoyaltiesSpecialized Alternatives: Purpose & Sizing
Purpose: Specialized alternatives serve three functions: (1) true diversification from public markets, (2) access to asymmetric opportunities with limited competition, and (3) inflation hedges through real assets and commodities.
Sizing: Most investors should limit specialized alternatives to 5-10% of total portfolio ($50k-$100k at $1M). Deploy $10k-$25k per category across 3-5 different specialized alternatives to diversify manager risk and market cycles.
Platform access: Most specialized alternatives require platform accounts (Masterworks for art, AcreTrader for farmland, Rally for collectibles, etc.). Platforms typically charge 1-2% annual management fees plus transaction fees. Verify platform legitimacy, track record, and fee structures before investing.
Risk profile: These investments carry higher risk than core alternatives due to illiquidity, manager selection challenges, and niche market dynamics. Only invest capital with 5-10 year time horizons and tolerance for potential total loss on individual positions.
Direct Indexing: The Core Tax Alpha Engine
For $1M portfolios, direct indexing replaces traditional ETFs as the core equity allocation. Instead of buying SPY or VTI, you own 300-500 individual stocks that replicate the index. This enables continuous tax loss harvesting—selling individual losers to harvest losses while maintaining market exposure through correlated holdings.
How Direct Indexing Works
- 1.Purchase 300-500 stocks weighted to track S&P 500 or Total Market
- 2.Software monitors daily for tax loss harvesting opportunities
- 3.Sell losers (e.g., Target down 15%), immediately buy correlates (Walmart)
- 4.Harvest $20k-$50k in annual losses to offset capital gains elsewhere
- 5.Maintain exposure to market while reducing tax liability
The Tax Alpha Math
ETF Approach:
$300k in VTI, 8% annual return = $24k gain. Pay 15% LTCG = $3,600 tax. Net: $20,400
Direct Indexing Approach:
$300k in 400 stocks, 8% return = $24k gain. Harvest $15k losses annually. Tax on $9k gain = $1,350. Net: $22,650 (+$2,250 or +11% better)
Over 20 years at 8% returns, the direct indexing advantage compounds to $200k-$400k additional wealth.
Leading Direct Indexing Platforms
Parametric Portfolio Associates
$250k minimum, 0.40% fee, most sophisticated tax optimization
Fidelity Personalized Portfolios
$100k minimum, 0.40% fee, integrated with Fidelity accounts
Wealthfront / Schwab
$100k minimum, 0.25% fee, automated tax loss harvesting
Implementation note: If you currently hold $300k+ in ETFs, consult a tax professional before converting to avoid triggering large capital gains. May be better to direct new contributions to direct indexing first.
Interval Funds: The Yield Engine for $1M Portfolios
Interval funds represent the ideal fixed-income replacement for accredited investors with $1M portfolios. These SEC-registered funds provide access to institutional private credit, direct lending, and real estate debt with quarterly redemption windows (5-25% of holdings). Unlike fully illiquid private funds or daily liquid bond funds, interval funds occupy the optimal middle ground—capturing 8-11% yields while maintaining some liquidity.
Why Interval Funds vs REITs or Bond Funds
vs. Public Bond Funds (BND, AGG)
Bond funds yield 4-5% with full daily volatility. Interval funds yield 8-11% with no mark-to-market noise due to quarterly pricing. You capture the illiquidity premium.
vs. Public REITs (VNQ)
Public REITs correlate 0.7+ with stocks, defeating diversification. Real estate interval funds hold direct property debt with 0.3-0.4 stock correlation and higher yields.
vs. Fully Illiquid Private Funds
Traditional private credit funds lock capital for 5-7 years. Interval funds offer quarterly exits (subject to caps), providing crucial flexibility for life events.
Interval Fund Allocation Strategy
For a $1M portfolio targeting 10-13% returns, allocate $200k-$300k (20-30%) to interval funds as the core yield engine. Deploy across 3-4 funds to diversify strategies:
- $75k-$100kDirect lending interval fund (10-12% yield, quarterly distributions)
- $50k-$75kReal estate debt interval fund (8-10% yield, property diversification)
- $50k-$75kMulti-strategy interval fund (private credit + equity, 9-11% blended yield)
- $25k-$50kOpportunistic/distressed interval fund (higher risk, 12-15% target)
Top Interval Funds for Accredited Investors (2025)
Illustrative examples only: The following represents commonly cited strategies in the interval fund space as of 2025. This is not an exhaustive list and does not constitute investment recommendations. Always verify current yields, fees, minimums, and regulatory status directly with each provider before investing.
| Fund Name | Strategy | Target Yield | Minimum | Liquidity |
|---|---|---|---|---|
| Blue Owl Credit Income | Direct lending | 10-11% | $25k | Quarterly, 5% |
| PIMCO Flexible Credit | Multi-credit | 9-10% | $25k | Quarterly, 5% |
| Blackstone Private Credit | Senior secured | 10-12% | $50k | Quarterly, 5% |
| Griffin Institutional RE | Property debt | 8-9% | $25k | Quarterly, 25% |
Platform access: Many interval funds are available through major brokerages (Fidelity, Schwab) or specialized platforms (iCapital Network, CAIS). Fees typically range from 1.5-2.5% management plus 10-20% performance fees above hurdles. Conduct thorough due diligence on fund strategies, track records, and fee structures before investing. Past performance does not guarantee future results.
Search Funds: The Asymmetric Growth Engine
Search funds represent one of the most compelling asymmetric opportunities for accredited investors with $1M portfolios. In this model, you back an entrepreneur (typically an MBA graduate) to spend 18-24 months finding a single profitable small business to acquire and operate. Historical returns average 30%+ IRR with 5-7 year holds, but variance is high—some funds return 10x, others lose capital.
How Search Funds Work
- 1.Search Phase: Entrepreneur raises $300k-$500k from investors in $25k-$50k checks to fund 18-24 month search
- 2.Acquisition: Searcher identifies profitable business ($1M-$5M EBITDA), typically boring industries like HVAC or software
- 3.Acquisition Financing: Investors fund purchase with equity + SBA debt, total deal size $3M-$15M
- 4.Operation: Searcher becomes CEO, grows business over 5-7 years with investor board oversight
- 5.Exit: Sell to strategic or private equity buyer, distribute proceeds to investors
Search Fund Return Profile
Top Quartile (25% of deals)
5-10x return, 40-60% IRR. Example: $50k investment becomes $250k-$500k in 6 years
Median (50th percentile)
2-3x return, 25-30% IRR. $50k becomes $100k-$150k
Bottom Quartile (25% of deals)
0.5-1x return or total loss. $50k returns $0-$25k. Business fails or searcher can't execute
Risk mitigation: Deploy $100k-$150k across 3-4 search funds to diversify searcher risk. One 10x winner offsets two losers.
Search Fund Allocation Framework
For a $1M portfolio, allocate 10-15% ($100k-$150k) to search funds as a private equity substitute. This provides asymmetric upside while treating it as venture-style allocation with total loss tolerance:
Conservative Approach (10%)
- • $100k total allocation
- • 2-3 search funds at $30k-$50k each
- • Focus on Stanford/Harvard searchers
- • Target proven search fund accelerators
Aggressive Approach (15%)
- • $150k total allocation
- • 4-6 search funds at $25k each
- • Mix of traditional + self-funded searchers
- • Portfolio approach expecting 1-2 winners
Access: Search funds found through Stanford Search Fund Primer, Pacific Lake Partners, and specialized platforms. Most require accredited status and $25k-$50k minimums per fund.
Implementation Roadmap: Deploying Your $1M Portfolio
Deploying $1 million requires sequencing to avoid timing risk while capturing institutional opportunities. This 6-month roadmap prioritizes tax-efficient core holdings, then layers in interval funds and alternatives. The key is maintaining sufficient liquidity while locking capital into higher-yielding private markets.
- 1Month 1: Establish Direct Indexing Foundation
Open account with Parametric, Fidelity, or Wealthfront ($100k-$250k minimum). Deploy $300k-$350k into direct indexing strategy tracking S&P 500 or Total Market. This creates the tax alpha engine immediately while providing liquidity buffer.
Tax consideration: If converting from existing ETFs, work with platform to minimize immediate gains recognition.
- 2Month 2: Deploy Interval Fund Core
Allocate $200k-$250k across 3-4 interval funds for yield generation. Split: $75k-$100k direct lending fund (Blue Owl, PIMCO), $50k-$75k real estate debt fund (Griffin), $50k-$75k multi-strategy fund. Establish quarterly income distributions.
Platform access: Open accounts on iCapital Network or through existing Fidelity/Schwab relationships.
- 3Month 3-4: Add Real Estate Syndications
Invest $100k-$150k across 2-3 real estate syndications (multifamily, self-storage, industrial) with 5-7 year holds and 8-15% targeted IRRs. Diversify across sponsors and geographies. Use platforms like CrowdStreet or RealtyMogul for deal flow.
- 4Month 4-5: Layer in Search Funds & Alternatives
Deploy $100k-$150k into 2-4 search funds at $25k-$50k each. Research searchers through Stanford Search Fund Primer network. Consider 1-2 positions in PE feeder funds if available through wealth management platform.
- 5Month 6: Optimize Tax Structure & Reserve Cash
Review asset location: ensure interval funds and real estate in retirement accounts (if possible), direct indexing in taxable. Maintain $100k-$150k in bonds/cash for liquidity. Consider Opportunity Zone fund if you have realized gains to shelter.
- 6Ongoing: Quarterly Portfolio Review
Monitor direct indexing tax loss harvesting (automated by platform). Review interval fund redemption opportunities quarterly. Rebalance when allocations drift 5%+ from targets. Add new search fund or syndication opportunities as they arise.
Advanced Tax Optimization: The Multi-Decade Advantage
For $1M portfolios, sophisticated tax strategies can add 2-3% annually to after-tax returns—compounding dramatically over decades. This section covers structures beyond basic asset location that become both accessible and worthwhile at this wealth level.
Opportunity Zone Funds
Qualified Opportunity Zone (QOZ) funds allow you to defer capital gains by investing realized gains into designated economically distressed areas. Benefits compound over time based on holding periods:
- •Initial years: Defer capital gains tax entirely while invested
- •Medium-term holds: Potential basis step-ups can reduce original taxable gain
- •Long-term holds (10+ years): Potential elimination of tax on ALL appreciation within the QOZ fund
Example: $100k capital gain invested in QOZ fund can defer immediate tax and potentially eliminate taxes on future appreciation. Specific benefits depend on holding period and current regulations—always confirm rules with a qualified tax advisor before investing.
Donor-Advised Funds (DAFs)
DAFs provide powerful tax arbitrage for appreciated stock. Instead of selling stock and donating cash (paying capital gains), donate the stock directly:
Traditional Approach:
Sell $50k stock (cost basis $10k) → pay $6k capital gains → donate $44k to charity → deduct $44k
DAF Strategy:
Donate $50k stock directly to DAF → deduct full $50k → pay $0 capital gains → charity receives full $50k (Save $6k + extra $2k deduction)
Combine with direct indexing: harvest losses on some positions, donate winners to DAF, rebalance without triggering gains.
Self-Directed IRA for Alternatives
Traditional IRAs restrict you to stocks/bonds. Self-directed IRAs (SD-IRA) allow investment in search funds, real estate syndications, and private credit—all growing tax-free:
- •Invest IRA funds into search fund earning 30% IRR → all gains compound tax-free until withdrawal
- •Hold highest-return, tax-inefficient assets (private credit yielding 10-13% as ordinary income) in SD-IRA
- •Providers: Equity Trust, IRA Financial, Alto (each has specific allowed investments)
Caution: Unrelated Business Taxable Income (UBTI) and prohibited transaction rules apply. Consult CPA before implementing.
Tax-Loss Harvesting + Rebalancing
Combine direct indexing tax loss harvesting with strategic rebalancing to create tax-free reallocation:
- 1.Harvest $30k in losses from direct indexing portfolio
- 2.Use losses to offset gains from selling overweight positions (e.g., tech stocks that surged)
- 3.Reallocate proceeds into underweight asset classes
- 4.Net effect: rebalanced portfolio, zero tax liability, harvested $30k in losses for future use
This strategy is impossible with ETFs but becomes routine with direct indexing automation.
Frequently Asked Questions
How should I invest $1 million?
Investing 1 million requires the Endowment Lite model: 30-40% in direct indexing (not ETFs) for tax-efficient equity exposure, 20-30% in interval funds for private credit yields of 8-11%, 15-20% in real estate syndications, 10-15% in search funds and private equity feeder funds for asymmetric upside, and 10-15% in bonds/cash. This allocation captures institutional-grade returns while maintaining quarterly liquidity through interval funds.
What is direct indexing and why does it matter for $1M investors?
Direct indexing means owning individual stocks that comprise an index rather than buying an ETF. For $1M portfolios, this enables tax loss harvesting on individual positions (selling losers to offset gains) while maintaining market exposure. Direct indexing typically adds 1-2% annually in after-tax returns compared to ETFs—compounding to hundreds of thousands over decades. Minimum account sizes are typically $100k-$250k.
What are interval funds and why are they ideal for accredited investors?
Interval funds are SEC-registered investment vehicles that provide access to private credit, real estate, and alternative assets with quarterly redemption windows (typically 5-25% of holdings). Unlike fully illiquid private funds, interval funds offer a middle ground for accredited investors with $1M portfolios—capturing 8-11% yields from private markets while maintaining some liquidity. They bridge the gap between retail mutual funds and institutional private equity.
What are search funds and should I invest in them?
Search funds (Entrepreneurship Through Acquisition) are investment vehicles where you back an entrepreneur to find, acquire, and operate a single profitable small business. Historical returns average 30%+ IRR, but with high variance. Accredited investors can participate with $25k-$50k minimums. Allocate 5-10% of a $1M portfolio to 2-4 search funds for asymmetric upside, treating it as a replacement for traditional private equity which requires $5M+ minimums.
How do interval funds compare to REITs and bond funds?
Interval funds vs REITs: Public REITs correlate 0.7+ with stocks and yield 3-5%, defeating diversification benefits. Real estate interval funds hold direct property debt with 0.3-0.4 stock correlation and 8-10% yields. Interval funds vs bond funds: Bond funds yield 4-5% with daily volatility and mark-to-market noise. Interval funds yield 8-11% with quarterly pricing and no daily volatility. You capture the illiquidity premium without full 7-year lock-ups.
What's the difference between Accredited Investor and Qualified Purchaser?
Accredited Investor requires $200k annual income ($300k joint) or $1M net worth excluding primary residence. Qualified Purchaser requires $5M+ in investments (not including real estate). At $1M, you're accredited but not a QP—meaning you can access interval funds, search funds, and most syndications, but not the top-tier private equity and hedge funds requiring QP status. Use feeder funds and interval structures to access institutional strategies while building toward QP threshold.
How much can I save through direct indexing tax loss harvesting?
On a $300k portfolio, expect to harvest $15k-$30k in losses annually through selling individual stock losers while maintaining market exposure. At typical capital gains rates, this saves $2,250-$6,000 per year in taxes—a significant boost to after-tax returns that compounds substantially over time compared to holding ETFs.
Can I invest 1 million for cash flow?
Yes, investing 1 million for cash flow is highly effective using the income-focused allocation: 30% direct indexing with 2% dividend yield ($6k annual), 30% interval funds at 8-11% ($24k-$33k annual), 25% real estate syndications with 6-8% cash-on-cash ($15k-$20k annual), and 15% bonds at 4-5% ($6k-$7.5k annual). Total: $51k-$66k in annual passive income while preserving capital and maintaining tax efficiency through strategic asset location.
Access the Full Universe of Institutional Alternatives
Explore vetted interval funds, search fund opportunities, private credit platforms, and real estate syndications. Our platform provides accredited investors with direct access to institutional-quality deals across 18 alternative asset categories.
Platform Mentions: Platform and fund names are provided for illustrative purposes only and do not constitute endorsements, investment advice, or recommendations. AltStreet has no affiliate relationships with mentioned platforms unless explicitly disclosed. Always verify current terms, fees, minimum investments, and regulatory status directly with any platform before investing. Platform availability, fee structures, and investment terms may change without notice.
Compare Strategies Across Portfolio Sizes
Your investment strategy should evolve as your portfolio grows. Explore frameworks tailored to different wealth levels:
$250K Strategy
Core-Satellite model with Interval Funds
$500K Strategy
Full Endowment Model with direct deals
$1M Strategy
Endowment Lite with tax optimization
Disclaimer: This guide is for educational purposes only and does not constitute investment advice, tax advice, or legal advice. Past performance does not guarantee future results. All investments carry risk, including potential loss of principal. Consult with qualified financial, tax, and legal advisors before making investment decisions regarding a $1 million portfolio or any significant sum.
Alternative investments including interval funds, search funds, real estate syndications, and private credit are subject to additional risks including illiquidity, limited redemption windows, lack of transparency, high fees, and limited regulatory oversight. Interval funds typically allow quarterly redemptions subject to caps (5-25% of shares). These investments may not be suitable for all investors.
Direct indexing, tax loss harvesting, and advanced tax strategies referenced should be reviewed with a qualified tax professional familiar with your specific situation. Tax laws change frequently and individual circumstances vary. Opportunity Zone investments, donor-advised funds, and self-directed IRAs have specific rules and restrictions that must be carefully followed to avoid penalties.
Search funds carry particularly high risk with historical variance from total loss to 10x+ returns. Only invest capital you can afford to lose entirely. Accredited investor status does not guarantee investment success or reduce risk. Conduct thorough due diligence on all sponsors, managers, and investment opportunities before committing capital.