Yieldstreet, a private markets investing platform, announced that Crossroads Live, one of the 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 a diversified portfolio of hit titles with established audience demand.
Mitchell Caplan, Chief Executive Officer of Yieldstreet, said that individual investors should have access to diverse private market opportunities similar to what institutions have always had.
Sever Hida, Chief Financial Officer for Crossroads Live, said there is a natural synergy between the two firms.
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.”
Yieldstreet reports that it has facilitated over $6 billion in investments, with opportunities in real estate, private credit, private equity, art, and more.