Private markets investment platform Yieldstreet has completed a capital raise of $77m, drawing both new and existing investors.
The funding round was spearheaded by Tarsadia Investments.
It also saw contributions from Mayfair Equity Partners, Edison Partners, Cordoba Advisory Partners (CAP), and Kingfisher Investment Advisors, as well as new participant RedBird Capital Partners.
This financial boost is intended to enhance Yieldstreet’s platform capabilities and facilitate the integration of private markets into individual investors’ portfolios.
Mike Zabik from RedBird Capital Partners and Yariv Robinson from Kingfisher Investment Advisors have now become members of the Yieldstreet board.
Zabik said: “Yieldstreet has built a differentiated platform for investors and we’re excited about their vision to provide investor access to a broad universe of private markets opportunities that have been historically limited to large institutional investors.
“I look forward to working with the Board and management team, supporting the company’s vision and momentum through RedBird’s distinct business building approach.”
In April this year, the company said it will introduce Yieldstreet 360, its inaugural automated investing solution, marking a step in the evolution of its platform.
This platform seeks to remove traditional barriers to private market investments, offering individual investors diversified access to private equity, private credit, and real estate, all aligned with their financial goals.
Yieldstreet CEO Mitchell Caplan said: “The next five years will define how individual investors access private markets investments.
“The convergence of regulatory evolution, technological advancement, and investor demand has created the conditions for a new era in private markets.”
Yieldstreet, which currently has over 500,000 members, helps investors to diversify their portfolios across various asset classes, including real estate, private credit, private equity, and art.
The platform provides investment opportunities across ten asset categories.
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