A fund run by US peer-to-peer lender Yieldstreet is marketing its first year with a boost in investor numbers.
The Yieldstreet Prism Fund lets investors back alternative investments on the platform including real estate, consumer, legal finance and commercial loans.
It said the number of investors tripled in the second quarter to 4,000.
“We’re gratified to see investors’ enthusiastic response to the introduction of this fund launched only a year ago,” Michael Weisz, co-founder of Yieldstreet, said.
“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.”
The fund, which has attracted $75m (£54.5m) so far, expects to pay quarterly interest of eight per cent with a minimum investment of $1,000.
It comes after Yieldstreet raised $100m in a 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,” Weisz said.
Investments on the platform have reached more than $300m this year, with a total client base of around 300,000. New members in 2021 have already exceeded all of 2020, the firm said.
Over the next decade, Yieldstreet is targeting 50 million investors.