News Brief: English
Summary
Private markets investing platform Yieldstreet, recently rebranded as Willow Wealth, has informed investors of new defaults on real estate projects, bringing total reported investor losses to at least $208 million. The company has also removed historical performance data from public view amid its rebranding effort.
Key Points
- New Losses & Total Tally: Willow Wealth disclosed ~$41M in new real estate defaults (Houston & Nashville). This follows $89M in marine loan losses (Sept.) and $78M previously reported. Total losses reach at least $208M.
- Rebrand & Data Removal: The company changed its name from Yieldstreet to Willow Wealth and removed a decade of historical performance data from its website, including a chart showing negative returns for real estate.
- High Fees & New Model: The firm charges high fees (e.g., ~2% annually on real estate, plus one-time fees). Its new model sells third-party funds (e.g., from Goldman Sachs), with layered fees leading to total annual costs of 3.3%-6.7%.
- Project Failures: Multiple projects have failed. Examples include the “Stacks on Main” apartment (investors face full/partial loss) and a Houston fund (full $21M loss). A 30% default rate among reviewed deals is noted as very high.
- Investor Backlash: Some investors see the rebrand as an attempt to evade accountability for losses and years of uncertainty on “watchlist” projects.
- Expert Criticism: A Boston University professor states the firm “created a high-risk trap for investors,” contrasting with its promise to democratize access to private markets.
新闻简报：中文
摘要
私人市场投资平台Yieldstreet近期更名为Willow Wealth，并告知投资者其房地产项目出现新的违约，这使得报告的投资损失总额至少达到2.08亿美元。该公司在其品牌重塑过程中，还从公开视野中移除了历史业绩数据。
关键点
- 新亏损与总额： Willow Wealth披露了约4100万美元的新房地产违约（休斯顿和纳什维尔项目）。此前在9月披露了8900万美元的船舶贷款损失，以及早前报道的7800万美元损失。总损失至少达2.08亿美元。
- 品牌重塑与数据移除： 公司从Yieldstreet更名为Willow Wealth，并从其网站上移除了十年的历史业绩数据，包括一张显示房地产投资负回报的图表。
- 高费率与新模式： 公司收取高额费用（例如，房地产项目每年约2%，外加一次性费用）。其新模式转向销售第三方基金（如高盛旗下基金），层层叠加的费用导致总年成本达3.3%-6.7%。
- 项目失败： 多个项目已失败。例如，”Stacks on Main”公寓项目（投资者面临全部/部分损失）和一支休斯顿基金（2100万美元全额损失）。在被审查的交易中，30%的违约率被认为非常高。
- 投资者反弹： 一些投资者认为，此次更名是为了逃避对亏损以及”观察名单”上项目多年不确定性所应承担的责任。
- 专家批评： 一位波士顿大学教授指出，该公司为投资者”制造了一个高风险陷阱”，与其”民主化”私人市场投资的承诺相悖。
Original Article Link: https://www.cnbc.com/2025/12/05/yieldstreet-investors-losses-willow-wealth-rebrand.html