An asset management firm that invests in the world’s rarest and most valuable cars.
We provide investors with curated exposure to a diversified portfolio of illustrious horsepower.
For over 40 years, the value of noteworthy collector cars has appreciated significantly—demonstrating robust, non-correlated returns for those fortunate enough to have owned them. Champions of motorsport and works of art, these desirable automobiles have preserved capital in market downturns, while amplifying returns in economic expansions.
Determining which cars to invest in, and at what price, requires years of esoteric knowledge. Financial and logistical barriers associated with managing a diversified fleet further prohibit investors from accessing these automobiles' portfolio-enhancing characteristics.
Recognizing there was no mechanism to gain economic exposure to these assets, Drift Capital, L.L.C. (“Drift”) was built to unlock the asset class and maximize its potential for investors.
Drift achieves this objective through the launch of Drift Capital Fund I, L.P. (the “Fund”), expertly acquiring and fractionalizing the ownership of a superlative fleet of eclectic automobiles.
Drift will source, acquire, insure, store, and preserve automobiles to a level of quality that sets a new standard of industry excellence.
With relationships across all facets of the automotive industry, Drift acquires assets from a variety of venues— engaging marque-specific expertise to provide assurance of authenticity.
Upon acquisition, the automobiles are fully insured and transported to our museum-grade storage facilities, where the assets are secured and maintained by dedicated technicians.
As the portfolio's assets appreciate, the Fund liquidates its holdings to realize gains. Proceeds from each sale flow back to investors, with target returns in the mid- to high-teens.
Drift Capital partners with leading firms in the automotive and financial industries. We pride ourselves on aligning interests with distinguished collectors, dealers, brokers, auction houses, and technology platforms.
Please reach out to partnerships@driftcapital.com for more information.
Implementing quantitative and qualitative approaches to derive investment insights:
Investing in cars with historically low correlations to other asset classes to preserve, or even grow, capital in times of market stress
An ample availability of vehicles for buying and selling
Investing in cars with strong, demonstrated demand through multiple economic cycles
Investing in automobiles that historically have had no significant losses in value
As physical assets, collectible cars have demonstrated the smallest maximum drawdowns of any asset class on record
Place of origin, documented authenticity and ownership history
Cultural influence, racing pedigree, and historical significance
Limited production, typically < 500 vehicles
Exceptional quality as exemplified by Concours d'Elegance (Competition of Elegance) “Best of Show” winners
Bona fide, numbers-matching survivors with meticulous proof of authenticity
Manual transmissions, naturally aspirated engines, and all other mechanical qualities desired by automotive enthusiasts
Drift capital diversifies investments across:
An investable universe of over 1,000 unique makes.
With a proprietary data set of transactions spanning nearly half a century, Drift optimizes which specific models to invest in based on tens of thousands of verifiable sales.
Investing in legendary automobiles throughout all periods of history.
Investing in cars designed and manufactured from all over the world.
Investing across any class of car: coupés, sedans, roadsters, sports cars, grand tourers/gran turismo, muscle cars, track cars, racecars, berlinettas, limousines, rally cars, offroaders, supercars, hypercars, and concept cars… to name a few.
After building out Chalice’s asset management technology and materializing a partnership with Intuit (Quickbooks), Eden began venture consulting with Pulsar Advisors, where he provided management consulting to startups with an emphasis on financial strategy and achieving sustainable growth at scale.
Eden is a cofounder at AuraVax Therapeutics (Series A financed), a biotechnology company focused on immunological therapeutics for respiratory pathogens. Prior to Pulsar and AuraVax, Eden gained experience in institutional equity research in at Oppenheimer in Boston, global macro investment strategies at Stone Milliner Asset Management in London, and investor relations and fundraising at Solebury Trout in New York.
A CFA® Charterholder and seasoned angel investor, Eden has backed seed- to early-stage investments in Ignite Power (Series C financed), CellChorus (Y-Combinator company), and Secure Transfusion Solutions (Series B financed).
In his spare time, Eden is learning Mandarin Chinese, sits on the Associate Board of The Madison Square Park Conservancy, and acts as Trustee within a family office. Eden is a dual citizen with the United States and United Kingdom and primarily resides in New York City.
Prior to this, Mr. Ricciardi was a Managing Director of Citicorp Securities and Head of Distribution for all Fixed Income and Equity products worldwide. He was also Head of Domestic Fixed Income, sat on the Board of Directors of Citicorp Securities, and was a member of its Executive Committee.
In 1982, he received a Master’s degree in Business Administration from Harvard Business School where he was elected Class Marshal to lead commencement exercises. He graduated Phi Beta Kappa from Georgetown University in 1978 where he received a Bachelor of Arts degree, magna cum laude, in Economics. Mr. Ricciardi was elected to Georgetown’s Board of Regents, was a Rhodes Scholarship State Finalist and Captain of the Varsity Crew Team. He was also awarded The Robert A. Duffey Prize as the University’s Outstanding Scholar-Athlete and was invited to training camp to represent the United States in the World Rowing Championships.
Mr. Ricciardi is a Black Belt in Isshinryu karate, and competed in the finals of the World Team Fighting Championships. Mr. Ricciardi was also honored as a recipient of the 2018 Jefferson Awards, the nation’s oldest and most prestigious recognition program for volunteer/ public service, the official recognition program of the United States Senate. He is also an Eagle Scout, was Valedictorian of his high school class, is an honorary member of the N.J. Patrolman’s Benevolent Association, and was a finalist in The New Yorker magazine cartoon captioning contest. He is also a former member of the Chairman’s Advisory Board of SEO (Sponsors for Educational Opportunity). Mr. Ricciardi is a Series 7, 24, 63 and 79 registered person with Mercury Capital Advisors, LLC, which is a member of FINRA and a securities broker-dealer in the United States.
Steve Linden was an integral part of Drift's story. A leading expert in classic car appraisal and restoration with over 25 years of experience in the industry. His consultation work spanned appraisals, inspections, restoration management, export, and expert witness work. Attorneys across the country trusted his automotive expertise.
He was the co-founder of Chrome Strategies Management, LLC., a Connecticut based firm which focused on serving the needs and interests of classic car investors, collectors, and service providers. He was the author of Car Collecting: Everything You Need to Know (Motorbooks 2008), and wrote a weekly newspaper column Classic Car Doctor for New York's Newsday. Steve appeared on and/or been quoted on Jay Leno’s Garage, The Wall Street Journal, The New York Times, The Associated Press, Fox Business News Channel, Discovery Channel, Money Magazine and Kiplinger’s Report as well as syndicated radio talk shows. He was a qualified USPAP Appraiser and served on NADA’s Antique, Classic and Collectible Car Advisory Board.
A mentor since Drift's inception, Steve provided thoughtful automotive guidance, helping to forge the values we hold today.
Derek assists in investment research, accounting, and data management. He graduated summa cum laude from Loyola Marymount University with an undergraduate degree in Finance and is currently a CFA Level I Candidate.
"If everything seems under control, you're not going fast enough."
- Mario Andretti
Passionate about automotive history, Mackenzie manages vendor and service provider relationships for the Firm. As a former paralegal at Northrup Consulting and the Law Office of Daniel Horowitz, she assists in overseeing legal and investor relations. Mackenzie has dual undergraduate degrees (summa cum laude) from San Diego State University in Political Science & Communications with a minor in Spanish.
"Strive for perfection in everything you do. Take the best that exists and make it better. When it does not exist, design it."
- Sir Henry Royce
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(646) 378-4801
We’re always looking for top talent.
If you feel that your experience and skillsets could be a fit, please send a resume to HR@driftcapital.com
THESE MATERIALS ARE BEING PROVIDED TO POTENTIAL INVESTORS IN DRIFT CAPITAL FUND I, L.P. (THE "FUND") ON A CONFIDENTIAL BASIS, FOR CONVENIENCE ONLY AND MAY NOT BE RELIED UPON. HISTORICAL PERFORMANCE INDICATIONS AND FINANCIAL MARKET SCENARIOS ARE NOT RELIABLE INDICATORS OF FUTURE PERFORMANCE. ASSET ALLOCATION AND DIVERSIFICATION DO NOT GUARENTEE A PROFIT OR PROTECT AGAINST A LOSS. POTENTIAL INVESTORS MAY RELY ONLY UPON OTHER MATERIALS THAT EXPRESSLY INDICATE THAT INVESTORS MAY RELY UPON THEM. THESE MATERIALS ARE NOT AN OFFER TO SELL, NOR ARE THEY SOLICITING AN OFFER TO BUY, INTERESTS IN THE FUND. THE OFFERING OF INTERESTS IN THE FUND WILL BE MADE ONLY BY THE FUND'S SUBSCRIPTION AGREEMENT. CONSULT WITH YOUR LEGAL AND TAX ADVISORS FOR APPROPRIATE GUIDANCE.
We own or have applied for rights to trademarks or trade names that we use in connection with the operation of our business, including our corporate names, logos and website names. In addition, we own or have the rights to copyrights, trade secrets and other proprietary rights that protect our business. We do not own any patents, copyrights, trademarks, or other intellectual property rights in the Automobiles. “Automobiles” is defined as the automobiles advertised for investment purposes. This offering circular may also contain trademarks, service marks and trade names of other companies, which are the property of their respective owners. Our use or display of third parties’ trademarks, service marks, trade names or products in this offering circular is not intended to, and should not be read to, imply a relationship with or endorsement or sponsorship of us. Solely for convenience, some of the copyrights, trade names and trademarks referred to in this offering circular are listed without their ©, ®, and ™ symbols, but we will assert, to the fullest extent under applicable law, our rights to our copyrights, trademarks, and trade names. All other trademarks and copyrights are the property of their respective owners.