YieldStreet acquired Athena Art Finance from Carlyle for $170m.

YieldStreet, a digital wealth management platform, acquired Athena Art Finance, a pioneer in the global art finance market, from The Carlyle Group for $170m. This transaction represents YieldStreet’s first corporate acquisition, and comes on the heels of its recently completed $62m Series B funding, the fifth largest fintech Series B funding round ever completed in New York City. “Our acquisition of Athena demonstrates YieldStreet’s ability to leverage our technology, proprietary origination channels and efficient direct-to-consumer distribution, to take a traditional capital intensive business and make it capital efficient. We’re thrilled to have the Athena team join the YieldStreet family, and look forward to supporting its existing business and continued scale and success,” said YieldStreet Founder and President Michael Weisz.