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EDGAR Verified
Primary Source · SEC.gov

YS ALTNOTES II LLC

CIK 0001762549Platform / Operating Company2025 vintage506(c)
Willow WealthFull Review

Raised

$167M

Investors

3,483

Min Invest

$5,000

AltStreet Analysis

·

Generated from EDGAR primary sources

YS ALTNOTES II LLC is a Delaware pooled investment fund offering debt securities, filed by Yieldstreet Management, LLC with executive officers Ted Yarbrough and Mitchell Caplan. This amended filing reports $167.2M raised from 3,483 investors under Rule 506(c), with a $5K minimum investment. The entity is part of the Willow Wealth platform ecosystem, which manages 74 related EDGAR entities in the private credit space.

This private credit offering uses the 506(c) general solicitation exemption with a retail-accessible $5K minimum, consistent with online platform distribution models. The average investor contribution of approximately $48K and the large investor count are characteristic of crowdfunded debt note programs rather than institutional private credit funds.

Data Flags

sales_commissionsNo sales commissions reported on a $167.2M 506(c) offering with 3,483 investors, unusual for general solicitation at this scale
investor_count3,483 investors represents an exceptionally high count for pooled fund, indicating retail platform distribution with small average check size (~$48K)
first_sale_dateFirst sale date not disclosed on amended filing reporting $167.2M in sales
platform_associationFiling associates with Willow Wealth platform but entity name suggests Yieldstreet branding; platform relationship may reflect acquisition or restructuring

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001762549
Entity NameYS ALTNOTES II LLC
Exemption506(c)
First Sale Date—
Filing DateSeptember 10, 2025
Accession Number0001762549-25-000004
Total Amount Sold$167M
Total Investors3,483
Minimum Investment$5,000
Securities TypeDebt, Pooled Investment Fund
State of IncorporationNot specified
Amendment Count3 amendments filed

Capital Raise Timeline

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

Jan 2019D
Jan 2020D/A
$76M(+$76M)2,047 investors(+2047)
Jan 2021D/A
$118M(+$42M)2,756 investors(+709)
Oct 2021D
Sep 2025D/ALatest
$167M(+$167M)3,483 investors(+3483)$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.