Alternative Asset Manager Drift Capital Changes Name to Charleston Capital

Alternative Asset Manager Drift Capital Partners changed its name to Charleston Capital Management in an effort to pay homage to the firm's headquarters, the fund manager told investors this week.

The firm provides structured credit solutions to FinTech enabled Non-Bank Financial Services companies through its privately managed funds. These solutions enable underwriters to enhance their loan programs for small & medium sized businesses, promoting both expansion and job creation at the "main street" level. The asset class has been long overlooked by the capital markets as issues of data reporting and a lack of standardization have previously made structured investments unpalatable.

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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.

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