AdFi
AC

ASCENDANT CAPITAL PARTNERS LP

SEC Registered

Ascendant is a vertically integrated real estate investment and operating platform.

LOS ANGELES, CAhttps://ascendantcapital.com(310) 689-5149
Assets Under Management
$1B–$5B
Employees
19
Office Locations
2 offices
Total Accounts
22

About the firm

Ascendant is a vertically integrated real estate investment and operating vehicle headquartered in Los Angeles with offices in Dallas and regional teams throughout the country. Ascendant has full discretion over commingled institutional funds and an investment focus on the hospitality and residential sectors, and selected opportunistic special situations supported by structural changes in demographics and consumer behavior.

Firm Focus

Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.

Pooled Vehicles

Areas of expertise

Real Estate InvestmentHospitalityMultifamilySpecial SituationsAsset ManagementVertically Integrated PlatformOpportunistic InvestingInstitutional Funds

Services

Real estate investment and operating across three core verticals: hospitality, next-generation multifamily, and special situations. Services include acquiring, developing, operating, and asset managing real estate assets and operating companies, with a focus on under-optimized high-quality assets.

Private funds / alternatives
Real Estate

Who they serve

Institutional investors through commingled institutional funds.

Client segmentClientsAssets managed
Pension/Profit Sharing Plans22$1.9B

1 total clients reported on Form ADV.

Leadership

Russell Lewis Gimelstob
CHIEF EXECUTIVE OFFICER
Ascendant Manager Llc
GENERAL PARTNER
Russell Lewis Gimelstob
MEMBER
Alexander Nathan Halpern
CHIEF INVESTMENT OFFICER
Joseph Eric Calder
CHIEF OPERATING OFFICER AND CHIEF COMPLIANCE OFFICER
14 Fordham Road Llc
PARTNER
Hgt Principal Investments Llc
PARTNER
Decadella Holdings Llc
PARTNER
Russell Gimelstob 2021 Trust
MEMBER
Hgt 2021 Trust
MEMBER
South Dakota Trust Company Llc
TRUSTEE
Bryn Mawr Trust Company Of Delaware
TRUSTEE
Joseph Eric Calder
MEMBER
Stacy Sweet Calder
MEMBER

Office locations

2 offices in 2 states
CA
LOS ANGELESHQ
TX
DALLAS

Regulatory & compliance

CRD number
#306257
SEC Number
801-121941
Disciplinary History
No
Fee Model & Minimums
Model: AUM / Performance-based
Minimum: $1,000,000 (waivable)

Data as of April 28, 2026 · Source: SEC IAPD & FINRA BrokerCheck

Contact Information

Editorial disclosure

This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. ASCENDANT CAPITAL PARTNERS LP has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.

BrokerCheck data is used subject to the FINRA BrokerCheck Terms of Use. Found something inaccurate? Report inaccurate data and we will correct any error we introduced. Errors in the underlying BrokerCheck record itself are referred to FINRA, which maintains that record.

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