Subject: File No. S7-25-19
From: Ben Peterman
Affiliation: CAIAŽ (Chartered Alternative Investment Analyst)

December 18, 2019

As a CAIAŽ member I wanted to petition that the Chartered Alternative Investment Analyst or CAIAŽ designation be included as a qualifying professional designation in the SEC proposal to amend the definition of accredited investors.

The following description is taken from the CAIAŽ website:
"CAIAŽ is the globally-recognized credential for professionals managing, analyzing, distributing, or regulating alternative investments."

More about the designation can be found at https://caia.org/.

Arguably, CAIAŽ is the most relevant professional designation for someone seeking to invest in private markets investments.

Thank you for considering this recommendation.