Edison Partners invested $62m in YieldStreet.

Private equity firm Edison Partners invested $62m in YieldStreet, a digital wealth management platform. YieldStreet will use the funds to introduce new investment offerings, expand investor access, and increase retail investor education and engagement. Financial terms were not disclosed. “YieldStreet is democratising the next frontier of wealth management, giving retail investors access to institutional-grade investment products that were previously off limits to them. They have found a profitable and scalable high-growth model in a variety of investments, and are now broadening their offerings with additional products,” says Chris Sugden, Managing Partner, Edison Partners, who led the investment. “There’s an important financial services element to this business as well; the ability to source and underwrite investments. This requires a blend of domain and technology expertise. Milind and Michael bring the right mix of technology and specialty finance experience to drive deals to the platform while lowering the cost of entry to investors. I couldn’t be more excited to see them bring their brand to every investor looking for diversification and wealth creation.”