The firm has also hired a new head of capital markets.

Alternative asset manager Drift Capital Partners has changed its name to Charleston Capital Management, in an effort to pay homage to the firm's headquarters in South Carolina.

The firm provides structured credit solutions to fintech-enabled non-bank financial services companies through its privately managed funds, the firm said in a statement.

These solutions enable underwriters to enhance their loan programs for small- and medium-sized businesses. 

"We are a Charleston based asset manager,” said Caleb Goding, co-founder of Charleston Capital. “We believe in a strong commitment to our community and are proud to be a part of a thriving neighborhood of companies which have recognized that the Lowcountry is the greatest place in the nation to work. Adopting the Charleston name allows us to contextualize our firm and its home."

Hire
The firm has also recently hired Edward Hamilton as head of capital markets. 

Hamilton previously served as a managing director at Kidder Peabody and Paine Webber, and more recently as a senior managing director of BroadStreet Group, a New York City-based merchant bank.  He will be responsible for leading the firm's capital markets strategy and overseeing financing transactions.

Charleston Capital Management 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.