Ascent Arbitrage Fund
Ascent Arbitrage Fund is a hedge fund organized in Delaware, United States and advised by Summit Trail Advisors, LLC. Its adviser reported $450,096,778 in gross assets for the fund on Form ADV, filed Oct 11, 2024. It reported 333 beneficial owners. The minimum investment it accepts is $250,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. It invests in other private funds (a fund of funds).
- Gross assets
- $450,096,778As reported on Form ADV
- Beneficial owners
- 333
- Minimum investment
- $250,000
- Who can invest
- Qualified purchasersSection 3(c)(7)
- Fund type
- Hedge fund
- Domicile
- Delaware, United States
- Auditor
- Grant Thornton LLP
- Administrator
- UMB Fund Services
- Custodian
- Pershing LLC
- Adviser
- Summit Trail Advisors, LLC · New York, NY · CRD 220519
- Reported on
- Oct 11, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Ascent Arbitrage Fund
What is the minimum investment for Ascent Arbitrage Fund?
According to its adviser's Form ADV filed Oct 11, 2024, the minimum investment Ascent Arbitrage Fund accepts is $250,000.
Who can invest in Ascent Arbitrage Fund?
Ascent Arbitrage Fund is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How large is Ascent Arbitrage Fund?
Its adviser reported $450,096,778 in gross assets on Form ADV filed Oct 11, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages Ascent Arbitrage Fund?
Ascent Arbitrage Fund is advised by Summit Trail Advisors, LLC, based in New York, NY.
Who are Ascent Arbitrage Fund's service providers?
Its Form ADV lists Grant Thornton LLP as auditor and UMB Fund Services as administrator.