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Yieldstreet’s Prism Fund Announces 350% Surge in New Investors

July 06, 2021, 07:00 AM
Filed Under: FinTech
Related: Fintech, YieldStreet

Yieldstreet announced triple digit investor growth, on the back of its one-year anniversary, with the number of first-time investors in Yieldstreet’s Prism Fund surging 350% in Q2 in 2021 from the same time period a year ago.

Founded on the goal of narrowing the income and opportunity gap, the Fund allows any retail investor, regardless of net worth, to gain access to a universe of over six alternative asset classes (such as Real Estate, Consumer, Legal Finance, Art, Corporates, Commercial) with a single minimum investment as low as only $1,000. With over 4,000 investors, the Fund has generated consistent interest from investors eager for regular passive income outside the equity and bond markets.

Yieldstreet is also seeking to provide pathways for liquidity in alternative investments that are inherently less liquid, helping to solve for a pain point among investors. In June, the Prism Fund completed its first tender offer to provide liquidity for its investors. The Fund expects to schedule tender offers on a quarterly basis moving forward.

“We’re gratified to see investors’ enthusiastic response to the introduction of this Fund launched only a year ago,” said Michael Weisz, co-Founder and President of Yieldstreet. “The Prism Fund and its reception reflect what Yieldstreet is all about: creating that bridge to previously unattainable investments to provide what people need most - income.”

To date, Yieldstreet has raised more than $75 million in the Fund. Utilizing a unique digital-only distribution approach, the Prism Fund expects to pay a quarterly distribution rate of 8%1. It also offers an automatic reinvestment plan for its distributions to help drive compounding returns.

“With our recent $100 million Series C funding round, we are continuing to seek similar investment opportunities to equip all investors, accredited and non-accredited, with even more options to help get their money working for them,” said Weisz.

In addition, to make it easier for some to track their Prism Fund account balance, Yieldstreet has joined Intuit’s Mint platform, which has been fully integrated with Yieldstreet’s broader user-friendly interface, allowing for more holistic views of one’s portfolio on the popular Intuit platform.

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