I have invested over $100k in various PE style rollups in yeidstreet including shipping, art, RE etc.
Yieldstreet has always advertised these as super well vetted guaranteed returns - complemented by an insurance policy as it has first party on the underlying asset.
Well it turns out about 40% of my investment went deliquent and 1 was where they had not done good enough DD / or their partners they engaged to do the vetting screwed up. This note went delinquent and there was generally radio silence from YS as it moved through the court system.
Now they are offering me a settlement at about 5% of the value. Its not a lot of money - about $25k
I'm weighing between cutting my losses and / or taking legal action.
Any other YS investors in a similar boat who were misled by the accuracy of their vetting and first party insurance on the collateral ?