NEW YORK--(BUSINESS WIRE)--Drift Capital, L.L.C. (“Drift Capital”) an alternative asset manager providing fractional investments in a diversified portfolio of collectible automobiles, announced today the latest addition to its Fund. The firm has acquired a pristine and ultra-low-mileage Porsche Carrera GT, a mid-engine supercar equipped with a 5.7L naturally aspirated V-10 that sends over 600 horsepower to the rear wheels via a six-speed manual transmission.
This strategic acquisition demonstrates Drift Capital's commitment to provide accredited and institutional investors with unrivaled opportunities in the collectible car market. Harnessing this growing market, Drift Capital’s Fund enables qualified investors to invest in a curated portfolio of highly coveted automobiles.
The Porsche Carrera GT is widely regarded by automotive collectors and enthusiasts as one of the greatest cars ever made. Sports Car International lists the Carrera GT number one in its ranking of Top Sports Cars of the 2000s, and number eight among the Top Sports Cars of All Time. Ubiquitous acclaim has translated into significant appreciation for this limited production car, returning 178% and 389% over the past three and 10 years, respectively. These holding period returns equate to linearly compounded returns of 21% and 15% per year for the respective time periods.
“Our goal is to identify and acquire remarkable examples of the most desirable automobiles—from pre-war classics to contemporary hypercars,” says Eden J. L. Cooper, CFA, Managing Partner of Drift Capital. “We anchor our research in the identification of automobiles that have consistently outperformed over multiple economic cycles with limited price fluctuations and enough liquidity to readily enter and exit positions.”
The construction of Drift Capital’s portfolio is grounded in its meticulously crafted blue-chip automotive index, the Drift Automotive Returns Composite (DARC). The DARC’s constituents consist of laudable automobiles with a 20-year track record of robust capital appreciation. These assets have been consistently resilient across phases of the credit and business cycles.
Beyond the analytics, it is Drift Capital’s deep understanding of and appreciation for the automobile that unlocks and maximizes value for investors. Success in automotive investing requires more than just an appreciation for sleek designs and a love of motoring. It demands a strategic and pragmatic approach to navigate the complexities associated with investing in real assets. With a dedicated team of financial and automotive experts, Drift Capital is committed to providing unparalleled access to a new class of alternative investment.
About Drift Capital
Drift Capital is an asset management firm providing fractional investments in a diversified portfolio of collectible automobiles. Positioned at the axis of automotive and alternative investing expertise, Drift Capital’s Fund I enables investors to achieve exposure to a fleet of world-renowned vehicles. The Fund is available to accredited and institutional investors. More information can be found at driftcapital.com.
Important Information for Investors
The offering of interests in Drift Capital Fund I (the "Fund") is targeted to U.S. accredited investors and qualified purchasers. It does not constitute an advertisement or an offer to sell any security or the solicitation of any offer to buy an interest in the Fund or any existing or future fund or investment vehicle managed or advised by Drift Capital and/or its affiliates or any other security. No sales of any Fund interests are permitted in any jurisdiction in which such offer, solicitation or sales would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The Fund interests will be offered only to accredited investors, including "qualified purchasers" as defined by Section 2(a)(51) of the Investment Company Act, in reliance on the exemption from registration set forth in Rule 506(c) of Regulation D promulgated under the Securities Act. Prospective investors in the Fund may be asked to provide supporting documentation to confirm the investor's status as an accredited investor and/or a qualified purchaser. The offering of interests in the Fund has not been and will not be registered under the Securities Act or the securities laws of any state or other jurisdiction.
An investment in the Fund involves a high degree of risk and is suitable only for sophisticated investors of substantial means who have no immediate need for liquidity, can afford a loss of all or most of their invested capital, and are capable of evaluating the risks of the investment. Potential investors in the Fund should review the Fund's offering materials, including risk factors appearing therein, before deciding to make an investment in the Fund.
