Real Estate, Private Credit, Venture CapitalSEC Registered

Fundrise

Fundrise is a vertically-integrated private markets platform open to non-accredited investors — $3.4B AUM and 402,000+ active investor accounts at March 31, 2026, KPMG-audited, $1K subscription minimums. But its interval funds' quarterly repurchase offers run 5-25% of shares with Fundrise stating it will likely offer the 5% minimum (the June 2026 Income Fund offer was 5%); its Innovation Fund just listed on the NYSE as VCX; its corporate parent remains loss-making, though current Exchange Act filings no longer present a going-concern position; and in April 2026 it merged seven legacy eREITs into a single Exchange Act-reporting vehicle at manager-set exchange NAVs, after suspending their redemption plans in anticipation of the merger.

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Platform Identity

Headquarters
Washington, DC, US
Founded
2012
Platform type
Vertically-Integrated Private Markets Platform
Regulatory
multiple
Eligibility
retail

AltStreet Coverage

Review status
Published
Coverage type
Investment platform
Review date
May 9, 2026
Last updated
Nov 1, 2026
Composite score
6.0
Structural signals
1 critical6 warning94 total

Key Data Points

EDGAR-linked offerings
22
Filing-verified raised
$1.54B
Investors disclosed
1,898

Auditors of Record

Audit firms named in this platform's issuer filings, as recorded in AltStreet's auditor directory. Each firm page lists every issuer it audits across covered platforms.

All 32 tracked Fundrise offerings →

Manager (Form ADV)

Investment adviser records matched to this platform from SEC Form ADV filings (IARD). Figures are manager-level — they describe the advisory firm, not any single offering on this page.

FUNDRISE ADVISORS, LLC

SEC-Registered Adviser
CRD / SEC#
172036 · 801-80060
Status
Approved
Regulatory AUM
$3.46B
Item 11 disclosures
3 reported
Main office
WASHINGTON, DC
Latest ADV filed
May 12, 2026
View on IAPD (adviserinfo.sec.gov)

Item 11 disclosures are affirmative answers to Form ADV's disciplinary questions, which can include affiliate events — they are not a count of violations. Source: SEC Form ADV data, refreshed monthly.

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