# International Investors ### Primer As funds succeed, grow, and network across a larger base of potential investors, they often run across international capital opportunities, which can seem attractive. However, fund managers should understand that taking on international capital comes at a cost - (1) legal and regulatory complexity; and accordingly, (2) cost. Generally, similar to how the United States has the Securities Act of 1933 (the "Securities Act"), which applies in almost all cases where a fund brings on an investor - technically, the sale of a security to that investor - other jurisdictions have their own equivalents. While selling securities in the US on a private placement basis is generally simple via the 506(b) or 506(c) safe harbor and unified across states when utilizing the aforementioned, unfortunately, the complexity of selling to international investors can scale exponentially. The United States is generally considered a favorable and relatively easy place to sell securities. The standards with regards to investor net worth and what filings, fees, and processes must be followed are quite straightforward. On the other hand, how things work in the US are by no means the case for any given international jursidiction, which may have differing standards for who can invest, what licenses or processes must be followed, applications that must be completed, fees that are levied unto the fund, and intermediary parties which must be involved. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.repool.com/managing-your-fund/international-investors.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.