Trending Now
  • An LFJ Conversation with Bill Alessi, Founder & CEO, Alpha Modus
  • Burford Fires Opening Salvo Against Senate Tax Hike

YieldStreet’s Unprecedented Growth Generates Over $48MM of Interest for Investors upon Crossing $560MM Invested on Platform

NEW YORK–(BUSINESS WIRE)–Jan 9, 2019–YieldStreet, a digital wealth management platform that is working to change the way that wealth is created, has become the first multi-asset platform to cross over $560MM invested since inception.

“We are delivering on our mission of prosperity for all, I’m proud we have now generated more than $48M of earned interest for our investor base that they would have never had access to before” said Milind Mehere, Founder and CEO of YieldStreet, “we are excited to be taking our mission to the next level with the release of our YieldStreet Wallet product that is available to everyone on the platform.”

Accredited and retail investors can now earn 2% annually on any cash held in YieldStreet Wallet. YieldStreet Wallet provides daily interest payments where funds are FDIC insured with no minimum balance requirements.* The new product was born out of investor requests to keep funds within the YieldStreet ecosystem where they can earn interest on their idle cash, a complementary product to current investment offerings.

“Our offerings within Marine Finance, Legal, Real Estate and Commercial Finance have led us to the $560MM invested milestone. As we continue to grow, we plan to build multibillion-dollar asset class verticals for our investor community using data science and bringing on sector experts to deepen our competencies,” said Michael Weisz, Founder and President of YieldStreet. “This marks an important point for the company as YieldStreet is expanding quickly while maintaining prudent risk management and more than 400% year-over-year revenue growth.”

To further company growth, YieldStreet has also brought on three senior additions to the team. Stefanos Fragos  joins as Senior Representative Greece Office and Senior Credit Officer of YieldStreet’s Marine Finance office in Athens, Greece where he will lead underwriting for the Marine asset class. Fragos brings more than 16 years of experience in senior positions at DVB Bank SE, and more than $800M of shipping transactions.  Mitch Rosen  joins as Head of YieldStreet’s Real Estate division where he will lead underwriting for the asset class. His commercial real estate and credit underwriting experience across senior roles at Brigade Capital and Marathon asset management will allow him to make an immediate impact on growth.

Jimmy Pandh i joins YieldStreet as Head of Strategic Finance where he will lead strategic projects and M&A activity. Pandhi previously held various finance leadership positions at Fortress Investment Group, Evercore Partners and New York Life. He has been involved in nearly $2BN of acquisitions and integrations and was an integral part of a $6BN IPO.

*Funds are held at Evolve bank and trust, an unaffiliated third party bank.

About YieldStreet

YieldStreet is changing the way wealth is created, providing access to asset based investments historically unavailable to most investors. YieldStreet allows you to participate in opportunities with low stock market correlation and target yields of 8-20%, across litigation finance, real estate, marine and other alternative asset classes. We believe our technology platform creates a unique experience for investors at every level and provides valuable diversification and strength to most portfolios. Get started at  www.yieldstreet.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005247/en/

CONTACT: YieldStreet

Liang Zhao, 505-720-6933

Liang@bevelpr.com

SOURCE: YieldStreet

Announcements

View All

NorthWall Capital Hits €2.9 B AUM on Private Credit Momentum

By John Freund |

NorthWall Capital has rocketed past €2.9 billion in assets under management after pulling in an additional €1.6 billion of institutional capital in 2025 alone. The London-based alternative credit manager says the surge reflects allocators’ intensifying hunt for scaled, multi-strategy platforms as Europe’s banks retrench and borrowers seek bespoke sources of credit.

A press release from NorthWall Capital details first-close totals across four distinct strategies. The flagship Credit Opportunities fund secured €731 million—already eclipsing its prior vintage—while the newly launched Senior Lending vehicle raised $503 million, translating to roughly $750 million of deployable firepower once leverage is applied. Asset-Backed Opportunities collected €252 million for collateral-rich loans in sectors underserved by traditional lenders, and the specialist Legal Assets platform locked down $169 million to extend the firm’s law-firm lending programme.

Founder and CIO Fabian Chrobog said the fundraising validates “the consistency of our approach” and NorthWall’s ability to craft solutions that resonate with investors and counterparties alike. With headcount slated to hit 40 by year-end, the firm plans to lean further into complex, situational credit born of bank deleveraging, regulatory shifts and sponsors’ need for certainty of execution.

Victory Park Expands Legal Credit Leadership with Maleson Promotion

By John Freund |

Victory Park Capital (VPC), a global alternative asset manager specializing in private credit, has announced that Justin Maleson will expand his role to Managing Director, co-heading the firm’s legal credit investment strategy. The promotion underscores VPC’s ongoing investment in its legal finance capabilities and follows Maleson’s initial appointment in 2024 as Assistant General Counsel.

An announcement from Victory Park Capital details Maleson’s new responsibilities, which include sourcing, analyzing, and managing investments across legal assets, while maintaining oversight of the firm’s legal operations. He joins Chad Clamage in co-leading the strategy, working alongside team members Hugo Lestiboudois and Andrew Pascal, under the continued oversight of VPC CEO and founder Richard Levy.

Maleson brings a strong background in litigation finance and commercial law to the position. Before joining VPC, he served as a director at Longford Capital, where he specialized in originating and managing litigation funding transactions. His earlier tenure as a litigation partner at Jenner & Block further deepened his exposure to complex legal matters, equipping him with the expertise needed to navigate the nuanced legal credit space.

VPC’s legal credit team emphasizes an asset-backed lending model, prioritizing downside protection and predictable income streams. The firm aims to capitalize on inefficiencies within the legal funding market by leveraging its internal expertise and broad network of relationships. With Maleson’s appointment, VPC signals its intent to further scale its legal credit strategy, positioning itself as a key player in the evolving legal finance sector.

Maleson’s elevation comes at a time of increasing sophistication in litigation finance, where experienced legal minds are playing a pivotal role in portfolio construction and risk management. As VPC bolsters its leadership, the move may foreshadow further institutionalization of legal asset investing and heightened competition in a maturing market segment.

Golden Pear Upsizes Corporate Note to $78.7M Amid Growth Plans

By John Freund |

Golden Pear Funding has extended and upsized its investment-grade corporate note to $78.7 million, further bolstering the firm's capacity to serve the expanding litigation finance sector. The New York-based funder, a national leader in both pre-settlement and medical receivables financing, said the proceeds will support working capital and fuel strategic growth initiatives.

A press release from Golden Pear outlines how the capital raise reflects continued investor confidence in the firm’s business model. CEO Gary Amos noted that the infusion is critical as Golden Pear seeks to scale alongside the “rapidly expanding litigation finance market.” CFO Daniel Amsellem added that the new funding aligns with the company’s capital allocation strategy, aimed at optimizing operational efficiency and executing strategic projects.

Brean Capital, LLC acted as the exclusive financial advisor and sole placement agent on the transaction.

Founded in 2008, Golden Pear has funded more than $1.1 billion to over 87,000 clients and remains one of the largest specialty finance companies in the U.S. Its business model spans legal case funding and medical receivables purchasing, with backing from a network of private equity partners that provide institutional support for continued expansion.