YieldStreet, the fintech bringing alternative investments to accredited investors just got a big credibility boost, partnering with BlackRock, the world’s largest asset manager to launch a new closed-end fund.
“It’s the first time investors can make a singular investment and access a large, diversified product,” said Michael Weisz, founder, and president of YieldStreet. “The project has been over a year in the making and marks a paradigm shift.” Since launching in 2015 YieldStreet has raised $178 million in equity and debt funding and has enjoyed consecutive years of fast growth. It has more than 200,000 investors with $1.3 billion invested on the platform, doubling year-over-year. The average deal on YieldStreet sells out in less than a day, sometimes in minutes or seconds. “Our biggest frustration among the customer base is they don’t get access to the deal,” said YieldStreet’s president Weisz.
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