Drift Capital launches fund investing in rare cars

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.

Sep 27, 2023
1 year ago
Drift_Capital

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.”

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.