by Yieldstreet | Staff
NEW YORK — November 5, 2020 — Yieldstreet, the digital wealth management platform, announced that the Yieldstreet Prism Fund (the “Fund”) has expanded access to alternative investments to a broader potential pool of investors by opening the Fund to all investors.
The opportunity to invest in the Yieldstreet Prism Fund was previously limited to accredited investors. Yieldstreet also said that the Fund would remain open more frequently to potential investors instead of being open to investors only periodically.
“By opening the Fund to non-accredited investors, we stay true to our mission,” said Milind Mehere, Founder and CEO. “We are offering opportunities to people who have been shut out of such investments in the past. Now they get access to some of the products and asset classes that previously have been confined to only big institutions and the ultra rich.”
“The equities market has been a roller coaster since the pandemic hit with some of the largest daily price swings since 1929,” said Michael Weisz, Founder and President of Yieldstreet.
“People are seeing their holdings shrink from one day to the next and we believe the traditional bond market offers little chance right now to generate income and grow your wealth. The Yieldstreet Prism Fund is designed to not be highly correlated to the market, so if you want a more diverse, and longer-term investment, this provides a potential new way to compliment your portfolio.”1
The Fund invests in primarily illiquid, private market assets — an asset class that has continued to experience growing demand as investors search for yield. According to a report from Preqin, global alternative assets under management topped $10 trillion as of June 30, 2020 and are on track to exceed $14 trillion by 2023.
With a single investment, individuals gain exposure to holdings in six asset classes: Art, Commercial, Consumer, Legal, Real Estate, and Corporate preferred bonds. Among fintechs that offer access to private markets, this range of sector diversity is unique to the Yieldstreet Prism Fund.1 The minimum investment in the Fund is $1,000 – investors can also allocate to the Fund by rolling over their 401k using Yieldstreet IRA to diversify their retirement portfolio.1 The Fund is overseen by an independent board with Chairman John Siciliano, Jim Jessee and Bill Riegel.
Since inception, Yieldstreet has funded over $1.5 billion of investments on its platform and returned nearly $700 million in principal and interest to investors.Yieldstreet was named the 12th-fastest-growing company in the U.S. on the Financial Times America’s Fastest Growing Companies list in 2020.Yieldstreet also made Inc.’s top-50 ranking of private companies by revenue growth for the second consecutive year.
Find out more about the Yieldstreet Prism Fund here.
Yieldstreet is reinventing the way wealth is created and transforming the investment landscape by lowering the barriers to give individual investors access to unique alternative investment offerings and investment strategies previously reserved only for institutions and the ultra-wealthy. Yieldstreet’s accessible platform allows investors to choose from a range of asset classes such as Art, Commercial, Legal, Marine, Private Business Credit (Consumer and Commercial) and Real Estate, as single offerings or through Funds. Yieldstreet has funded over $1.5 billion of deals since its founding in 2015. The company is headquartered in New York City with offices in Brazil, Greece, and Malta. Join the movement at www.yieldstreet.com.
1 The Yieldstreet Prism Fund is a non-diversified closed-end fund for the purposes of the Investment Company Act of 1940, as amended (“40 Act”), and is therefore not a 40 Act “diversified” product.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Prism Fund before investing. The prospectus for the Yieldstreet Prism Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetprismfund.com. The prospectus should be read carefully before investing in the Fund.
Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.
The securities described in the prospectus are not offered for sale in the states of Nebraska or North Dakota or to persons resident or located in such states. No subscription for the sale of Fund shares will be accepted from any person resident or located in Nebraska or North Dakota.
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1 Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.
2 Represents a net estimated, unrealized annualized internal rate of return (IRR) of your portfolio and is based by reference to the effective distribution dates and amounts to and from the investments, as well as any outstanding principal and accrued and unpaid interest as of the current date, after deduction of management fees and all other expenses charged to the investments.[read more]
3 "Annual interest" or "Annualized Return" represents an annual target rate of interest or annualized target return and "term" represents the estimated term of the investment. Such target interest or target returns and estimated term are projections of the interest or returns and or term and may ultimately not be achieved. Actual interest or returns and term may be materially different from such projections. This targeted interest or returns and estimated term are based on the underlying investments held by the applicable.
4 Reflects the initial quarterly distribution declared by the board of directors on February 6, 2020, which will be payable to stockholders of record as of June 10, 2020, and the initial offering price of $10 per share.
5 The Fund will cease investing and seek to liquidate the Fund's remaining portfolio no later than 48 months after the Fund's initial closing. It may take up to twelve months thereafter to fully monetize any remaining illiquid investments in the Fund's portfolio.
6 Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.
7 The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including Sept 6th, 2021, after deduction of management fees and all other expenses charged to investments.
8 Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Prism Fund before investing. The prospectus for the Yieldstreet Prism Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetprismfund.com. The prospectus should be read carefully before investing in the Fund. Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.
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Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by Yieldstreet or any other party, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment.
Investments in private placements are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Additionally, investors may receive illiquid and/or restricted securities that may be subject to holding period requirements and/or liquidity concerns. Investments in private placements are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.
Alternative investments should only be part of your overall investment portfolio. Further, the alternative investment portion of your portfolio should include a balanced portfolio of different alternative investments.
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Investing in private placements requires long-term commitments, the ability to afford to lose the entire investment, and low liquidity needs. This website provides preliminary and general information about the Securities and is intended for initial reference purposes only. It does not summarize or compile all the applicable information. This website does not constitute an offer to sell or buy any securities. No offer or sale of any Securities will occur without the delivery of confidential offering materials and related documents. This information contained herein is qualified by and subject to more detailed information in the applicable offering materials. Yieldstreet™ is not registered as a broker-dealer. Yieldstreet™ does not make any representation or warranty to any prospective investor regarding the legality of an investment in any Yieldstreet Securities.
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