Crowd Street Expands Investment Options with Major Partners

Crowd Street Expands Investment Options with Major Partners
Crowd Street, an innovative platform dedicated to helping investors achieve their financial objectives, is making waves with exciting new distribution agreements that will broaden investment horizons for its members. The company has partnered with top global asset management firms, Nuveen and StepStone, to deliver a diverse array of private market fund opportunities. This partnership marks a milestone, as it will allow Crowd Street to offer investments beyond the familiar realm of commercial real estate.
Introducing New Asset Classes
The newly formed relationships signify a groundbreaking moment for Crowd Street. For the first time, members will be able to invest in a variety of asset classes such as private credit, private equity, secondaries, venture capital, and real assets. These developments will empower Crowd Street members to take charge of their private market investments with increased control and self-directed options.
Nuveen's Extensive Market Experience
Nuveen, managing over $1.3 trillion in assets, has committed to launching two unique funds on the Crowd Street platform. One of the initial offerings is a perpetual-life non-traded investment vehicle focused on generating income and providing appealing risk-adjusted returns from investments in U.S. middle-market companies. This fund, valued at $2.0 billion, enables individual investors to gain access to private credit opportunities with relatively low minimum investments. Furthermore, the fund features a quarterly repurchase program, providing liquidity options for investors.
Expert Insights from Nuveen
Jeff Carlin, Head of Global Wealth at Nuveen, expressed enthusiasm about the partnership, stating, “Crowd Street has demonstrated a clear demand for self-directed private market investing. We are proud to be one of the first partners to introduce fund opportunities across this new asset class.” This sentiment reveals a notable commitment from both companies to enhance accessibility to investment opportunities that have previously required a financial advisor.
StepStone's Commitment to Diverse Opportunities
In addition, StepStone, a formidable player in the global private markets, is set to collaborate with Crowd Street. With approximately $709 billion in capital, including $189 billion in assets under management, StepStone will offer members two funds aimed at private equity and venture capital investments. This collaboration seeks to provide members with a comprehensive platform for long-term capital appreciation and diversification.
Collaboration Paving the Way for Growth
Bob Long, CEO of StepStone Private Wealth, emphasized the significance of this collaboration, asserting, “Crowd Street is an ideal distribution channel for us, and our partnership signifies a considerable step towards our shared goal of broadening access to private market investments.” This partnership reflects both companies’ dedication to democratizing investment opportunities among accredited investors.
Activating a New Landscape for Investors
John Imbriglia, CEO of Crowd Street, shared his excitement about these developments, noting, “Our relationships with Nuveen and StepStone represent a pivotal moment in our mission, expanding access beyond commercial real estate and making self-directed private market investing a reality.” This strategic move aligns perfectly with Crowd Street’s goal to be the premier destination for private market investment opportunities.
What Members Can Expect
Starting in early fall, Crowd Street members will be able to explore initial fund opportunities from Nuveen and StepStone, with additional funds anticipated throughout the year. This expansion is poised to significantly enhance the value and options available within the Crowd Street platform.
Frequently Asked Questions
What is Crowd Street?
Crowd Street is a private market investment platform that empowers its members to reach financial goals through self-directed investments.
Who are the new partners of Crowd Street?
Crowd Street has announced partnerships with Nuveen and StepStone, both leading global asset management firms.
What types of investments will be available through Crowd Street?
Members will have access to private credit, private equity, venture capital, and more, significantly expanding investment opportunities.
When will the new fund opportunities be available?
Initial fund opportunities are expected to become available starting in early fall.
How does Crowd Street ensure a diverse investment experience?
Crowd Street provides a carefully selected marketplace along with advanced tools and insights to help investors navigate exclusive investment opportunities.
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