Drift Capital Launches Investment Fund for Collectible Cars

By Staff Writer September 24, 2023

Drift Capital LLC, an alternative asset manager providing fractional investments in a diversified portfolio of collectible automobiles, has launched its inaugural Drift Capital Fund I. The closed-end Drift Fund, the first of its kind made available in the United States, offers accredited and institutional investors the opportunity to invest in a collection of some of the most remarkable automobiles ever made—both contemporary and classic.

“We are thrilled to unveil Drift Capital and our first Fund to the world,” said Eden Cooper, CFA, Managing Partner of Drift Capital. “Collectible cars have historically been uncorrelated to other asset classes, holding their value through market downturns while providing substantial returns over time. Our goal is to unlock, capture, and maximize these portfolio-enhancing attributes for our investors.”

Drift Capital’s core strategy centers around exposure to a diversified portfolio of blue-chip automobiles that have a 20-year track record of outperformance: the Drift Automotive Returns Composite (DARC). The DARC was constructed to ensure that most of the fund’s investments are in cars that have demonstrated demand, liquidity, and no significant declines in value through multiple economic cycles.

The market for collectible cars has grown dramatically in the past 40 years, surpassing $4.3 billion in sales at collector car auctions in 2022 according to insights from automotive data provider Classic.com. The trend looks to continue in 2023 as a record 1,220 cars sold during Monterey Car Week, surpassing $400 million in auction sales.

Rate this item
(0 votes)
Last modified on Thursday, 28 September 2023 11:11