Drift Capital Announces New $50 Million Senior Credit Facility

CHARLESTON, S.C., Jan. 9, 2018 /PRNewswire/ -- Drift Capital Partners, LLC ("Drift"), an alternative asset manager focused on structured credit solutions, today announced that its fund, Drift Credit Opportunities Fund, LP ("Drift Fund"), has entered into a new $50 million senior secured credit facility that matures in 2021. The new financing will be structured as a senior revolving line of credit, which is secured by the underlying loans held by the Drift Fund. The facility was arranged by an institutional investment firm who was advised by Holland & Knight LLP. Drift was advised by K&L Gates LLP.

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ABOUT charleston capital

Charleston Capital Management f/k/a Drift Capital Partners is an alternative asset manager that seeks to generate attractive, absolute returns by opportunistically and tactically investing in areas where conventional sources of capital are disproportionately unavailable. Charleston Capital was formed to expand the spectrum of opportunities for investors seeking risk adjusted returns that are less correlated to other markets. Specifically, the firm seeks to exploit inefficiencies that are borne from transactions requiring significant amounts of intellectual as well as financial capital. The firm is headquartered in Charleston, South Carolina and is part of inFactor, a FinTech firm focused on liquidity solutions for businesses. The Drift Credit Opportunities Fund is a credit strategies fund focused on structured loans to FinTech enabled Non-Bank Financial Services companies, which underwrite loans to small and medium sized businesses in the United States of America.

MEDIA CONTACT

If you are interested in contacting Drift, please email us at info@driftcp.com