Latest news with #FahdBasir
Business Wire
4 days ago
- Business
- Business Wire
Yieldstreet and Crossroads Live Partner to Make Theatrical Touring Investments Available to Individual Investors
NEW YORK--(BUSINESS WIRE)--Yieldstreet, a leading private markets investing platform, today announced that Crossroads Live, one of the largest producers of commercial theater worldwide, will offer theatrical touring investments through the Yieldstreet platform. This partnership expands Yieldstreet's curated marketplace of private markets opportunities by adding access to a private credit strategy focused on financing theatrical productions across North America, the United Kingdom, and Australia. The strategy leverages the economics of touring, which typically requires lower upfront costs compared to original Broadway productions while benefiting from the ability to construct a diversified portfolio of hit titles with established audience demand. "Individual investors deserve the same access to evaluate and choose from diverse private market opportunities that institutions have always had," said Mitchell Caplan, Chief Executive Officer of Yieldstreet. 'Working with leading sponsors like Crossroads Live strengthens our platform, giving investors more ways to discover, evaluate, and build diversified portfolios across the full spectrum of private markets." "We're excited to work with Crossroads Live to help make non-traditional cashflow backed investment strategies like theater financing more accessible to individual investors," said Fahd Basir, Head of Credit and Opportunistic Investments at Yieldstreet. "Together, we can support bringing theatrical productions to more communities while offering investors exposure to entertainment financing." "We're delighted to be working with Yieldstreet and their innovative private markets investment platform,' said Sever Hida, Chief Financial Officer for Crossroads Live. "There is a natural synergy between our broad slate of established international theatre productions and their discerning individual investor base looking to diversify their portfolio." Since 2014, Crossroads Live and its legacy businesses have produced 55 tours with over 5,000 performances including titles like The Bodyguard, Annie, Kinky Boots, Chicago, and Grease. During 2024, Crossroads Live presented over 800 weeks of theater resulting in over 4.5 million tickets sold, grossing over $300M. The addition of Crossroads Live represents Yieldstreet's continued expansion of its sponsor network across private markets asset classes. The platform has facilitated over $6 billion in investments, connecting investors to opportunities spanning real estate, private credit, private equity, art and more. About Yieldstreet With more than 500,000 members, Yieldstreet is reimagining how wealth is created, helping investors diversify their portfolios with assets spanning real estate, private credit, private equity, art and more. Its award-winning platform offers investments across ten asset classes. For more information, visit About Crossroads Live Crossroads Live is a global theatre producer. Through our production offices in North America, the UK and Australia and our network of producing partnerships in Asia and Europe, we work with the foremost creative talent and rightsholders, to present the best-loved titles from Broadway and the West End to audiences around the world. As the world's leading pantomime producer, Crossroads Pantomimes also produces 23 pantomimes every year in the UK.
Business Wire
28-04-2025
- Business
- Business Wire
Yieldstreet and Upgrade Partner to Expand Access to Consumer Credit Investing
NEW YORK--(BUSINESS WIRE)--Yieldstreet, a leading private markets investing platform, and Upgrade Inc., a fintech company offering affordable and responsible credit products to mainstream consumers, today announced the completion of an agreement to purchase assets through Flex Pay, Upgrade's BNPL financing solution. This partnership enables individual investors to target passive income from exposure to high-quality consumer BNPL loans. The first transaction, which closed in April 2025, includes a pool of travel loans through Flex Pay's strong partnerships with over 750 travel partners, including major airlines, cruise lines, and hotel chains. "Upgrade has established itself as a market leader in a wide range of credit categories, including BNPL travel-related financing, with its robust origination platform," said Ted Yarbrough, President and Chief Investment Officer at Yieldstreet. "We're pleased to complete this transaction which will allow investors to further diversify their portfolios in private markets with exposure to consumer credit." 'Through this collaboration with Upgrade, we're continuing to expand Yieldstreet's private credit offerings with another asset class that provides exposure to a diverse portfolio of consumer obligations capitalizing on strong demand for travel experiences even in the face of the volatility currently being experienced in public markets,' said Fahd Basir, Head of Credit and Opportunistic Investments at Yieldstreet. 'We're excited to partner with Yieldstreet to give more investors access to this rapidly-growing asset class,' said Renaud Laplanche, CEO and Co-founder, Upgrade. 'Flex Pay presents a differentiated opportunity for investors and brings more affordability and flexibility to consumers.' Flex Pay's travel financing services are integrated into checkout pages for major brands including United Airlines (NYSE: UAL), Southwest Airlines (NYSE: LUV), Norwegian Cruise Line (NYSE: NCLH), Carnival Cruise Line (NYSE: CCL), and Wyndham Hotels (NYSE: WH). The platform allows travelers to finance trips with fixed monthly payments, targeting consumers who choose the service for convenience and flexibility as opposed to actively seeking credit. As of April 2025, over $37 billion in loans for more than 6.5 million customers has been originated through Upgrade since its founding, including $6.7 billion in Flex Pay travel financing. Yieldstreet's platform has facilitated over $6 billion in investments to date, providing individual investors with access to asset classes typically available only to institutions. This transaction marks the addition of travel financing to Yieldstreet's growing portfolio of private market opportunities. About Yieldstreet With more than 500,000 members, Yieldstreet is reimagining how wealth is created, helping investors diversify their portfolios with assets spanning real estate, private credit, private equity, art and more. Its award-winning platform offers investments across ten asset classes. For more information, visit About Upgrade Upgrade, Inc. offers affordable and responsible credit, mobile banking and payment products to mainstream consumers. Upgrade has delivered over $37 billion in affordable and responsible credit to customers since its inception in 2017. The company's headquarters are in San Francisco, California, with an operations center in Phoenix, Arizona, a technology center in Montreal, Canada, and regional offices in Atlanta, Georgia, and Irvine, California. Upgrade is a financial technology company, not a bank. More information is available at: Loans made through Flex Pay are offered by these lending partners.
