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Dictionary by pitch.dog
Investor & fund types · Specialist

Qualified institutional buyer

Also called: QIB

ELI5

A large institution eligible for particular private securities markets.

Used in conversation

“The notes are offered to qualified institutional buyers.”

Definition

A large institutional investor meeting US securities-law criteria for certain restricted offerings.

Here “Qualified institutional buyer” means: A large institutional investor meeting US securities-law criteria for certain restricted offerings.

Pitch context

You will see “Qualified institutional buyer” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches investor & fund types.

Why it matters: In investor & fund types, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 6

Direct term-level sources and supporting source families.