Jan. 12, 2020
To Whom it may concern: My name is Evan McCracken. I work in the commercial real estate industry as a buyside analyst/underwriter. I’m a young recent finance grad, but I’m highly educated in the field of real estate private equity and knowledgeable in the field of venture capital. Due primarily to the stage of my career, but partially the region in which I live (low cost of living and salary), I do not meet the requirements to be an accredited investor. I am currently employed by a real estate private equity fund with approximately $300 million AUM. The concept release in which this note is in reference to is highly anticipated by many young professionals in my network (cc’d on this note). We are diligent investors who are limited by the current definition of an accredited investor, and anticipate it’s amendment. This note is to voice our opinion on the concept and to support it’s amendment to include a wider group of investors. Summary: This note is to urge decision makers to amend the current definition of an accredited investor, broadening the designation to include sophisticated investors who do not yet meet the income or net worth requirements, but are nonetheless competent and knowledgeable. If you require any further comments or clarifications, please reply to this email or call me at [redacted]. Thank you for your time and consideration. Evan McCracken [redacted] LinkedIn