NEW YORK–YieldStreet, the alternative investment platform that is working to change the way wealth is created, announced that it has surpassed $200 million in originations and has added two new executives to its leadership team: Volfi Mizrahi as Managing Director of Originations and Ivor Wolk as General Counsel. Their additions come on the heels of the appointment of Hrishi Dixit as CTO earlier this year.
Since 2015, YieldStreet has displayed impressive growth. After reaching $100 million in originations in April, YieldStreet has hit the $200 million mark in just six months. The company has experienced surging demand with certain multi-million dollar portfolios selling out in seconds.
Mizrahi and Wolk join YieldStreet at a time when the industry is poised for significant disruption. According to a recent report by PricewaterhouseCoopers (PwC), the asset management industry is set for “transformational change” and booming growth in the next decade. Alternative asset classes, such as real estate and private debt will grow to about $21.1 trillion by 2025.
“I am excited to join YieldStreet as it is well positioned to capture this growth opportunity,” said Mizrahi. “YieldStreet’s focus on opening access to investment opportunities across a variety of unique asset classes such as real estate, legal settlements, and commercial finance is a game changer for investors.”
Mizrahi will lead YieldStreet’s originations team, playing a critical role in the company’s growth and strategy. He brings significant transaction experience over a 25-year investment banking career, including more than 80 transactions worth over $50 billion in value. Prior to joining YieldStreet, Mizrahi held leadership positions at Bryant Park Capital and Robertson Stephens.
As General Counsel, Wolk brings significant transactional and securities law experience over a 27-year legal career, with a particular focus in the areas of structured finance, asset-backed finance, secured lending and portfolio management. Wolk started his career at Davis Polk and held senior investment banking legal roles at WestLB, Barclays Capital and Dresdner Kleinwort.
Mizrahi and Wolk join an experienced leadership team that includes Lindsey Fielding who serves as head of Marketing and Investor Relations, and Chief Technology Officer Hrishi Dixit who was appointed earlier this year. Dixit was previously the founding CTO of LearnVest (acquired by Northwestern Mutual for more than $250M), and also cofounded Gordian Labs, which tech-incubated several companies including LearnVest and Twilio.
“We are thrilled to have such proven leaders that will execute on our ultimate mission of ‘Prosperity for All’,” said Michael Weisz, Founder and President of YieldStreet. “We believe this expertise in technology, marketing and lending will accelerate our path to $1B in originations and beyond.”
Yieldstreet provides access to alternative investments previously reserved only for institutions and the ultra-wealthy. Our mission is to help millions of people generate $3 billion of income outside the traditional public markets by 2025. We are committed to making financial products more inclusive by creating a modern investment portfolio.