Yieldstreet, a D2C online platform for private market investing, has closed a warehouse facility providing access to up to $400 million from Monroe Capital.
The financing round represents the largest of its kind to date for Yieldstreet and for any alternative investment platform in the industry. The capital will work to scale the firm in the coming years, fuel opportunities for the firm’s client base, and places the firm in a position to provide every investor access to alternative investments.
“Not only will this deal expand our suite of offerings, but it will also give us the ability to work more closely with industry-leading asset managers, sponsors, and originators across private markets, ultimately creating a richer opportunity set for our investor base,” said Michael Weisz, Yieldstreet president. “Monroe Capital is well positioned to understand our business and investor base; they crafted a bespoke facility for us across litigation finance, small business, consumer, private funds, real estate and other asset classes.”
Yieldstreet is backed by investors and advisors from leading organizations including Edison Partners, Mayfair Equity Partners, Tarsadia Investments, StepStone Group, and Greycroft.