Direct-to-consumer investing platform Yieldstreet has closed a $400m credit facility from Monroe Capital.
This is the largest financing Yieldstreet has raised to date and for any alternative investment platform in the industry, it claimed. This capital will help it scale over the coming years.
The funding will enable investors to access a significant number of new opportunities for returns with low correlation to the stock market, which were previously exclusively available to institutions and ultra-wealthy individuals.
This capital has been earmarked for pursuing several new and compelling investment opportunities that widen the scope and offerings available on the Yieldstreet platform. The New York-based firm is seeking diverse asset classes, including real estate, private credit, private equity, art and more.
Founded in 2015, Yieldstreet has helped open access to private markets by creating funds with lower minimums and compelling these opportunities through more traditional channels. It claims to have attracted over 400,000 users and more than $3bn in funding.
Yieldstreet CEO Milind Mehere said, “This landmark agreement underscores the industry’s conviction in Yieldstreet’s ability to tap into the enormous potential of private markets.
“This capital will play a key role in fueling compelling opportunities for our growing client base at record pace, and places Yieldstreet firmly at the front of the pack in achieving our mission of providing every investor access to alternative investments.”
Last year, Yieldstreet launched a campaign with NBA star Spencer Dinwiddie with the goal of bridging the wealth creation gap. The ‘Yieldstreet and Witty: Voyage Into The Alternative Investment Space’ aims to bring awareness to alternative asset markets and continue to make investing more accessible.
The campaign includes a series of educational materials that aim to improve awareness for the next generation of investors. It includes a webinar, podcast and blog posts.
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