7% of YieldStreet funds have defaulted using their data hidden in plain site.
The information listed here is actually available on Yieldstreet’s site, however, it is not easily uncovered and it certainly isn’t given any form of prominence that it should. In fact, it appears to conflict with other information on the site. The animated chart below is copied from the table on this page on Yiedlstreet’s site as it is displaying on 4/4/2024. This chart may be removed by Yiedlstreet in the future however, the numbers here are currently being presented by Yieldstreet themselves.
The numbers from the chart reflect the following:
13% (12 out of 88) of closed real estate funds have defaulted.
20% (1 out of 5) of closed art funds have defaulted.
42% (6 out of 14) of closed transportation funds have defaulted.
6.8% (4 out of 58) of closed Private credit funds have defaulted.
Using their numbers on this chart, 357 deals have completed with 25 defaults which represents a 7% overall default rate.
The only asset class which has funds which have exited with zero defaults is the “Short Term Note” class. In other words the only reasonably safe asset class with Yieldstreet is the “Short Term Note” class which is entirely managed internally to YieldStreet.
Removing the short term notes from the total makes the default rate even more dangerous with 25 of only 262 funds in the prime categories that Yieldstreet pitches to investors defaulting or an unimaginable 9.5% default rate on closed investments that are not “short term notes”.
