Overview
Ascendant Capital Partners LP (“Ascendant” or “we”), a Delaware limited partnership, was
established on November 2, 2019, and is indirectly owned by Russell Gimelstob, Alexander
Halpern and Joseph Eric Calder (the “Principals”). Please see Schedule A and Schedule B of the
Part 1A of this Form ADV filing for a comprehensive report of Ascendant’s direct and indirect
owners.
Ascendant is an investment advisor to pooled investment vehicles, such as private funds, limited
partnerships and limited liability companies (such vehicles, “Funds” or “Ascendant Funds").
Affiliates of Ascendant generally act as the general partner/managing member of Funds but at
times, a Fund may also serve as the general partner/managing member of another Fund.
Ascendant’s Funds are organized for the principal purposes of (a) making investments, directly or
indirectly, in the securities of real estate, real estate management, and real estate operating
companies primarily in the United States, Mexico and Canada, (b) operating, supervising and
disposing of such investments, and (c) engaging in such other activities incidental or ancillary
thereto as the general partner deems necessary or advisable.
Investment opportunities are offered privately to institutional investors and high-net-worth
individuals. Each investor in an Ascendant Fund is required to be an accredited investor pursuant
to the safe harbor provided
by Regulation D under the Securities Act of 1933, as amended (the
“Securities Act”). In addition, Ascendant pooled investment vehicles rely on exemptions pursuant
to either Section 3(c)(1) or Section 3(c)(7) of the Investment Company Act of 1940, as amended
(the “Investment Company Act”).
Ascendant offers a full range of real estate investment advisory services, including, but not limited
to, acquisitions, financing, asset management, and dispositions. Ascendant tailors its advisory
services to the specific investment objectives and restrictions of each Fund as set forth in the related
governing documents. As of the date of this Brochure, Ascendant’s advice is predominantly
focused on real estate investments in North America.
All investors should refer to the relevant Fund governing documents as well as this Brochure for
more detailed information on such Fund’s investment objectives, fees, expenses, strategies, and
restrictions. There is no assurance that the Funds will meet their performance objectives.
As of December 31, 2023, Ascendant managed approximately $460,508,841 in regulatory assets
under management on a discretionary basis. Ascendant provides investment management services
on a non-discretionary basis for a single account, but is not ultimately responsible for arranging or
effecting the purchase or sale of securities, and as such has excluded this account from its RAUM.