Email Address
YieldStreet, led by founder and CEO Milind Mehere, pitches itself as a source of passive income for investors who have at least $1 million in net worth or make $200,000 or more per year. It helps provide access to loan deals backed by assets including commercial real estate, litigation financing and art. Greycroft, Raine Ventures and other venture-capital firms have invested in YieldStreet, as has Soros Fund Management.
Figure, a blockchain lending startup led by former SoFi CEO Mike Cagney, this month raised $287.5 million for a SPAC. In its initial public offering filing, which lists Mike Vranos’ Ellington Management Group as a sponsor, the Figure SPAC said it’s seeking a target that can benefit from Figure’s technology platform, built on Provenance blockchain technology.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Yieldstreet Adds New Asset Class With Launch of The Aviation Fund
February 18, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 18, 2021
Yieldstreet, the alternative investing platform helping retail investors build income-generating investment portfolios, today announced the launch of the Aviation Fund, which will seek to provide investors exposure to the potential global recovery in aviation.
The aviation industry has experienced substantial distress due to the unprecedented circumstances caused by the pandemic. The Aviation Fund’s primary strategy will be to place a portion of its commitments under the management of a leading aviation investment manager and/or in other similar aviation opportunities.