US-based alternative investment platform YieldStreet has secured a strategic $50m follow-on investment. This investment was led by London-based Mayfair Equity Partners.

The fundraising follows Yieldstreet’s $100m Series C funding round announced earlier this year.

According to a company statement, the proceeds will be used to bolster YieldStreet’s distribution capabilities internationally.

Established in 2015, Yieldstreet offers retail investors with access to alternative investment opportunities.

To date, it has funded more than $2.5bn investments.

Yieldstreet founder and CEO Milind Mehere said: “All investors, here in the US and around the globe, should have the ability to modernise their portfolios with investments that, until now, have been walled-off.

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“As a leading US multi-asset alternative investment platform, we are looking forward to expanding our capabilities as we grow our US business and service new international investors.

“Using our data- and insights-driven approach, we will continue to provide retail investors access to the assets they need to build diverse and modern portfolios.”

The company, when it raised $100m in Series C, said that it plans to develop new products, strengthen user base and enter new international markets.

Mayfair Equity Partners partner Kunal Dasgupta said: “Through its simple and user-friendly platform, Yieldstreet has opened up the alternative investment asset class to a broader group of investors than ever before.

“Simultaneously, Yieldstreet is providing managers of these assets with access to a very large source of capital that had previously been unavailable to them.”