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EDGAR Verified
Primary Source · SEC.gov

YS ST NOTES LLC

CIK 0001767517Platform / Operating Company2025 vintage506(c), 3(c)(1)
Willow WealthFull Review

Raised

$180M

Investors

1,867

Min Invest

$5,000

AltStreet Analysis

·

Generated from EDGAR primary sources

YS ST NOTES LLC is a Delaware pooled investment fund offering debt securities under Rule 506(c) and 3(c)(1) exemptions, filed by Yieldstreet Management, LLC with executive officers Mitchell Caplan and Ted Yarbrough. This amended filing reports $179.6M raised from 1,867 investors with a $5K minimum investment. The entity is part of the Willow Wealth platform ecosystem, which operates 74 related EDGAR entities in private credit.

This private credit offering uses a pooled debt structure typical of retail-accessible alternative investment platforms, with the $5K minimum placing it in the mass affluent tier. The 506(c) exemption combined with 3(c)(1) fund registration and the high investor count (1,867) indicates a digitally distributed retail note program, characteristic of fintech-enabled private credit marketplaces.

Data Flags

investors_per_dollarAverage investment of approximately $96K across 1,867 investors suggests highly fragmented retail distribution despite pooled fund structure
sales_commissionsNo sales commissions disclosed on a $179.6M 506(c) general solicitation offering with 1,867 investors is unusual for retail distribution at this scale
first_sale_dateFirst sale date not disclosed in amended filing prevents assessment of offering velocity or late filing risk
related_entitiesManager operates multiple similarly structured note programs (YS ALTNOTES I at $759.6M, YS SN NRG I, YS SN TECH IV) suggesting serial issuance platform model

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001767517
Entity NameYS ST NOTES LLC
Exemption506(c), 3(c)(1)
First Sale Date—
Filing DateSeptember 8, 2025
Accession Number0001767517-25-000004
Total Amount Sold$180M
Total Investors1,867
Minimum Investment$5,000
Securities TypeDebt, Pooled Investment Fund
State of IncorporationNot specified
Amendment Count2 amendments filed

Capital Raise Timeline

Chronological filing history from primary SEC Form D documents. Delta figures show change from previous filing.

Feb 2019D
Oct 2021D
Oct 2021D/A
$185M(+$185M)3,869 investors(+3869)
Sep 2025D/ALatest
$180M1,867 investors$5,000 min

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

- Yieldstreet Management, LLC

Executive Officer · New York, NY

Ted Yarbrough

Executive Officer, Promoter · New York, NY

Mitchell Caplan

Executive Officer, Promoter · New York, NY

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. AltStreet analysis (summaries, flags, category context) is generated by Claude from this primary source data and reviewed for accuracy. Platform-provided information (if present) is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. EDGAR data is verified read-only — platforms may request factual corrections for demonstrable inaccuracies by contacting research@altstreet.investments. This page does not constitute investment advice.