Some Alternative Investments (such as Private Equity funds, and Hedge Funds, are available to High Networth (HN), and Ultra High Networth (UHN) investors but most retail investors are restricted from investing in these investments. Which of the statement does not explain the reason for such restriction for retail investors correctly?

These investments require investors to start their investments with larger capital levels.

Investors wishing to withdraw capital from these investments earlier than the investment's maturity date, must allow for much longer time (compared with traditional investments), since these investments have strategies in place that do not allow earlier withdrawals of capital.

These investments do not provide any cashflows such as distributions prior to the maturity of the investment

These investments are only available for short investment horizons, and retail investors have long investment horizons.

Selecting the appropriate investment requires skilled analysis, and most retail investors do not possess such skills. Most retail investors would not be able to afford skilled advice on Alternative Investments, if they were not skilled themselves.