Effective date: September 12, 2026. This page describes a process. It is not an offer to sell or a solicitation of an offer to buy any security, and no offer is made except through definitive subscription documentation.
1. Why verification exists
ARCSA Capital’s vehicles are offered under the exemption in Rule 506(c) of Regulation D. That exemption permits general solicitation, and in exchange it imposes a condition that does not apply to private offerings made under Rule 506(b): the issuer must take reasonable steps to verify that every purchaser is an accredited investor. Self-certification — a box you tick saying you qualify — is not sufficient under the rule, and we do not accept it.
Verification is not part of browsing this site, and nothing on this site asks you for financial documents. It happens later, once you have requested the offering documents and before any subscription is accepted.
2. Where verification sits in the process
- Enquiry. You request information. No documents are exchanged.
- Offering documents. The private placement memorandum, the limited partnership agreement and the subscription agreement are delivered to you.
- Verification. Accredited investor status is verified through one of the routes in section 3 below.
- Subscription. Only after verification is complete can a subscription be accepted.
3. Accepted routes to verification
Any one of the following satisfies the requirement. You choose which.
Third-party letter
A written confirmation, dated within the previous three months, from a licensed attorney, a certified public accountant, a registered investment adviser or a registered broker-dealer, stating that the person has taken reasonable steps to verify your accredited investor status and has determined that you qualify. This is the route most investors prefer, because no financial documents leave their adviser’s office.
Income route
Tax filings or equivalent official income records for the two most recent years, together with a written representation that you reasonably expect to reach the same income level in the current year.
Net worth route
Statements of assets dated within the previous three months, together with a consumer report from a national credit agency covering liabilities, and a written representation that all liabilities have been disclosed.
Entity and institutional investors
Formation documents, a certificate of good standing, and evidence that the entity meets one of the accredited investor categories in Rule 501(a) — for example total assets above the applicable threshold, or that all equity owners are themselves accredited investors.
4. What happens to what you send
Documents are reviewed for the sole purpose of verification. Under the Securities Act, the issuer must retain evidence that reasonable steps were taken; our retention period for verification records is five years, as set out in the Privacy Policy. Documents are not used for marketing, are not sold or shared for any unrelated purpose, and are held under the confidentiality terms described in the Privacy Policy.
If you withdraw, or if verification does not confirm accredited investor status, no subscription is accepted and the file is closed.
5. What this page does not do
It does not make an offer. It does not establish an advisory or fiduciary relationship. It does not substitute for the offering documents, which control in the event of any inconsistency with anything stated here. And it does not promise that a subscription will be accepted: the general partner may decline any subscription in its discretion.
6. Contact
To begin, request the offering documents through the investor contact route on this site. Verification is arranged after those documents have been delivered.
