Yieldstreet
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2015 |
| Founder | Milind Mehere, Michael Weisz |
| Headquarters | New York City , United States |
Area served | United States |
Key people | Mitchell Caplan (interim CEO) |
| Products | Alternative investment platform, Yieldstreet 360, Art Equity Platform, Alternative Income Fund |
| Website | yieldstreet |
Yieldstreet Inc. (branded as Yieldstreet) is a U.S.-based financial services firm headquartered in New York City. It operates a digital platform that provides access to investments in private market sectors such as art, real estate, legal finance, and other alternative asset classes.
History
Established in 2015 by Milind Mehere, co-founder of Yodle, alongside Michael Weisz, an expert in specialty finance, Yieldstreet has expanded through strategic acquisitions and product launches.
In April 2019, Yieldstreet purchased Athena Art Finance from The Carlyle Group for $170 million. Later that same year, the company acquired WealthFlex to integrate self-directed IRA functionalities into its offerings.
The Yieldstreet Alternative Income Fund, previously known as the Prism Fund, was introduced in March 2020 as a multi-asset closed-end fund delivering distributions on a quarterly basis.
November 2021 saw the launch of the Art Equity Platform by Yieldstreet, which allows investors to participate fractionally in post-war and contemporary art collections.
By April 2022, Yieldstreet expanded into startup investments through a collaboration with Greycroft.
In August 2022, the company secured a $400 million credit facility provided by Monroe Capital.
Yieldstreet further broadened its real estate investment capabilities by acquiring Cadre, an online platform specializing in real estate investments, in November 2023. Ryan Williams, Cadre’s CEO, continued to lead post-acquisition.
Mitchell Caplan was appointed as interim CEO in May 2025, succeeding co-founder Michael Weisz.
A $77 million financing round led by Tarsadia Investments was completed in July 2025, with additional backing from RedBird Capital Partners, Mayfair Equity Partners, Edison Partners, Cordoba Advisory Partners, and Kingfisher Investment Advisors. Following this round, Mike Zabik (RedBird) and Yariv Robinson (Kingfisher) joined Yieldstreet’s board of directors.
In August 2025, Yieldstreet unveiled Yieldstreet 360—an automated managed portfolio solution designed to offer diversified exposure across private markets including real estate, private credit, and private equity. This product features quarterly liquidity and annual portfolio rebalancing.
Products and innovation
Yieldstreet’s platform offers both individual investment opportunities and pooled funds spanning various asset classes. The introduction of Yieldstreet 360 in 2025 marked the debut of automated, evergreen portfolio solutions. Additionally, the company partnered with Wilshire Advisors to develop model portfolios aimed at providing diversified access to private market investments.
Legal and regulatory matters
In 2020, The Wall Street Journal highlighted that approximately 14.7% of investor capital on Yieldstreet’s platform was connected to loans experiencing default. That same year, Bloomberg reported on an $89 million default involving marine investments which resulted in Yieldstreet obtaining an injunction from the UK High Court to freeze assets totaling $76.7 million.
In September 2023, Yieldstreet consented to a $1.9 million payment to resolve SEC allegations concerning undisclosed risks linked to vessel deconstruction investments. Subsequently, in November 2024, preliminary approval was granted by a federal judge for a $9.95 million settlement with investors involved in three private funds offered through the platform.
References