CrowdStreet

CrowdStreet is a private markets investing platform for accredited investors. Its offerings page lists funds from third-party managers across private equity, private credit, real estate and venture capital rather than individual sponsor deals. The site says the minimum investment is typically $5,000 but may be higher for certain offerings. Its former direct-deal marketplace was the channel for the Nightingale Properties fraud: sponsor Elchonon "Elie" Schwartz raised about $62.8 million from hundreds of CrowdStreet investors starting in 2022 and diverted the money to his own accounts. He pleaded guilty to wire fraud and in May 2025 was sentenced to 87 months in prison and ordered to pay $45.1 million in restitution ([U.S. Department of Justice](https://www.justice.gov/opa/pr/head-commercial-real-estate-investment-firm-sentenced-87-months-628m-investment-fraud-scheme)). Broker-dealer services are now provided through CrowdStreet Capital LLC. The site says CrowdStreet does not charge investors account fees. Its revenue typically comes through sales loads, which are upfront commissions deducted from the initial invested amount, and ongoing servicing fees paid by the funds on registered offerings; fund-level management and performance fees are separate. CrowdStreet does not publish a target return on the pages read, so treat any return figure as sponsor-reported. Liquidity varies by investment: some are completely illiquid, others are semi-liquid (for example 25%, or a quarterly or annual cadence), and redemption may be at the sponsor's discretion.