Ascendant Capital Partners closed its second fund in 2025, raising approximately $2.3 billion since inception. The firm executed or committed $1.5 billion across five transactions during the year, with about $1 billion allocated to hospitality investments.

This activity reflects their strategy of combining equity investments with structured capital solutions, exemplified by their role in the Sotherly Hotels take-private deal. Founder Russell Gimelstob emphasized targeting assets below replacement cost and prioritizing cashflow to navigate market volatility and distribute capital to investors.