Drift Capital Announces New $50 Million Senior Credit Facility

The proceeds from the new revolving credit facility will enable the Drift Fund to expand its portfolio of structured credit solutions to FinTech enabled Non-Bank Financial Services companies and allow them the opportunity to increase lending to "main street" businesses. Drift anticipates that it will be able to utilize this credit facility to enhance the returns to the Drift Fund limited partners while providing additional diversification in the form of additional underlying loans. "With this facility, we are now strategically positioned for growth as we expand our ability to structure lending solutions which ultimately empower small businesses," said McLean Wilson, Managing Partner of Drift. "Since its inception, Drift has been focused on developing solutions to bridge the chasm between institutional investors and main street businesses and we believe this facility is an important step toward solidifying that connection." About Drift Capital Drift Capital Partners, headquartered in Charleston, SC, 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. Drift was formed to expand the spectrum of opportunities for investors seeking risk-adjusted returns that are less correlated to other markets. Specifically, Drift seeks to exploit inefficiencies which are borne from transactions requiring significant amounts of intellectual as well as financial capital. 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.