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Yieldstreet
Founded in 2015 by Milind Mehere and Michael Weisz, Yieldstreet launched as an online platform designed to originate and manage bespoke alternative-asset...
Yieldstreet
Founded in 2015 by Milind Mehere and Michael Weisz, Yieldstreet launched as an online platform designed to originate and manage bespoke alternative-asset securities for accredited investors. Fresh off the 2008 crisis, the founders aimed to solve the liquidity mismatch in private markets by packaging shorter-duration private credit, real estate bridge loans, and specialty finance deals into SEC-registered notes. The firm's initial traction came from structuring niche collateral types — vessel deconstruction loans, art securitizations, and litigation advances — that were supply-constrained and offered yields uncorrelated to public equities. Yieldstreet operates as an originator, not a marketplace. Its in-house credit and real estate teams underwrite every deal, focusing on asset-backed lending, specialty structured credit, commercial and residential real estate debt, and short-duration legal and marine finance. Fund structures include private Reg D offerings and its flagship Prism Fund, a multi-asset-class interval fund designed to hold a portfolio of Yieldstreet-originated loans. The platform has financed marine vessel recycling through GMS, legal claims via LawCash, and real estate in cities including Miami and Los Angeles. While primarily US-based, its marine finance work extends to shipbreaking yards in South Asia. The firm has raised over $600 million in venture funding from investors including Edison Partners, Greenspring Associates, and Kingfield Capital (per PitchBook, 2022), deploying that capital into both its technology stack and co-investments in the underlying loans. The company crossed 450,000 platform members before pausing new investor onboarding in 2024 for a strategic review of its product lineup. Its headquarters remain in New York, with reported plans for an office in Boca Raton, Florida, in 2025. Yieldstreet's structural differentiator is its direct origination model paired with a retail-facing registered fund. Rather than allocating to third-party GPs like an alternative-investment feeder, the firm vertically integrates sourcing, underwriting, and servicing — allowing it to offer public-company-style liquidity through quarterly tender offers inside the Prism Fund's 1940 Act wrapper.
General information
Firm type
Private Equity
Year founded
2015
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Milind Mehere
Founder & CEO
Michael Weisz
Co-Founder & President
Sector focus
Frequently asked questions
Who runs investment decisions at Yieldstreet?
Milind Mehere, as CEO and co-founder, sets the firm's overall strategy, while the investment team under President Michael Weisz oversees underwriting. Each asset vertical — commercial real estate, marine finance, legal finance — has a dedicated in-house lead responsible for deal sourcing and structuring.
How does Yieldstreet generate deal flow?
The firm originates directly rather than acting as an aggregator. Its credit and real estate teams build relationships with specialty lenders, law firms, and shipowners to source collateralized deals. For example, its marine finance practice originated vessel demolition loans linked to GMS, one of the largest ship recyclers globally.
Does Yieldstreet operate as a fund or a marketplace of individual deals?
Both. Yieldstreet historically offered single-note offerings with $10,000 minimums in specific deals — a single real estate bridge loan or litigation advance — alongside the Prism Fund, a multi-asset interval fund that pools many of the firm's originations into one vehicle with periodic liquidity.
What investment structures does Yieldstreet use?
Most offerings are structured as SEC-registered notes or private placements issued by Yieldstreet-created special-purpose vehicles. The Prism Fund is a '40 Act interval fund, giving it the ability to offer limited quarterly liquidity — a structure more common in credit-focused alternative managers that want to serve wealth channels.
Which asset classes does Yieldstreet explicitly avoid?
Yieldstreet does not pursue venture capital or growth equity — it is a credit- and asset-backed specialist. The firm also avoids long-duration private equity buyout structures. Its niche is short-duration, collateralized cash-flow lending that can fit inside mid-term note wrappers.
What is Yieldstreet's relationship to Edison Partners and other venture backers?
Yieldstreet is an operating company, not a family office or endowment vehicle. Edison Partners, Greenspring Associates, and Kingfield Capital are equity investors in the Yieldstreet technology and operating platform, not LPs in the underlying investment funds.
How did Yieldstreet change its strategy after 2023?
In March 2024, Yieldstreet paused new investor onboarding to concentrate on existing accredited investor relationships and streamline its product line. The shift emphasized fund structures over single-deal offerings, aiming to reduce investor complexity and align with institutional due-diligence expectations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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