So, if you're a small college with only $20 million in a portfolio you don't come across as a qualified purchaser.

因此,如果是一个,只有2000万资产组合的小学院,是不能通过合格购买者的审核程序的

耶鲁公开课 - 金融市场课程节选

A qualified purchaser has to have at least $5 million dollars or, if it's an institution, at least $25 million -that is a natural person.

一个合格购买者至少持有500万美元,如果是机构则需要至少2500万美元,...这里指的是自然人

耶鲁公开课 - 金融市场课程节选