Ascendant Capital LLC, an alternative investment firm based in Austin, Texas, announced that it has raised $1 billion in investor equity to date, following a record raise in the fourth quarter of 2015 and the recent launch of GPB Capital Holdings’ new flagship offering, GPB Holdings II.
Ascendant Capital exclusively distributes the products of GPB, an investment management firm focused on income-producing private equity and real estate.
“We are excited by the surge in growth over the last year and look forward to the launch of new products in the coming months,” chief executive officer Jeff Schneider said. “I’m thankful to the dedicated team we have in place and their commitment to creating quality offerings and providing unparalleled service to the market. I’m exceptionally proud of their efforts in helping us reach this milestone.”
Ascendant has four current offerings and nine closed offerings as of April 15, 2016. In 2013, Ascendant launched its first GPB flagship fund and has since raised more than $535 million.
Prior to launching the GPB family of funds, Ascendant raised nearly $500 million from earlier offerings. Established in 2009, the company has grown to more than 40 employees in six divisions with satellite offices in Seattle, Los Angeles, Boston, New York, Dallas, Houston, Chicago, and Buenos Aires, Argentina.