Fine Art Lending Thrives Thanks to Yield-Hungry Hedge Funds
- Credit funds venture further into alternative assets for yield
- Yieldstreet’s loan-backed art fund has grown to $156 million
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The credit market’s insatiable appetite for yield is making it easier for art collectors to turn their prized possessions into a piggy bank.
With interest rates near zero and asset prices continuing to break records, lenders say they’re seeing more interest from wealthy art buyers who are willing to pledge paintings as collateral in exchange for cash that they can sink into other investments.