Drift Capital launches fund investing in rare cars
Alternative-asset manager Drift Capital, which offers fractional investments in a portfolio of collectible cars, has announced the launch of a new closed-end fund.
The Drift Capital Fund will offer accredited and institutional investors the opportunity to invest in a collection of contemporary and classic cars.
The portfolio has a 20-year track record of outperformance, according to the firm, which touts its index that tracks the fund’s investments in cars that “have demonstrated demand, liquidity and no significant declines in value through multiple economic cycles.”
“Collectible cars have historically been uncorrelated to other asset classes, holding their value through market downturns while providing substantial returns over time,” said Eden J.L. Cooper, managing partner of Drift Capital. “Our goal is to unlock, capture and maximize these portfolio-enhancing attributes for our investors.”