Industry

Financial Services

Company Type

Reinsurance

Location

Cayman Islands

Size

$20  Million

Investment Type

Equity
For important risk and disclaimer information, Click Here.

Helping Great Companies Grow

Overview

  • Ascendant is a licensed reinsurance company seeking to raise $20 million growth capital
  • $14.6 million has been raised to date
  • Two-part investment strategy: a diversified digital asset fund and a life & annuity reinsurance business
  • Class Biii insurance license issued by CIMA
  • Investing in traditional fixed income investments and digital assets
  • Expect to deploy capital in the strongest digital assets (Bitcoin, Ethereum, etc.) and companies building infrastructure in the digital asset space
  • Management team has the extensive custody, staking, and risk management experience required to navigate this landscape and pursue asymmetric opportunities
Helping Great Companies Grow

Opportunity

  • Cryptocurrencies are unlocking massive value through the disruption (decentralization) of many industries – including currency
  • Emerging asset-class – quickest industry to reach $1 trillion market cap
  • Crypto markets expected to experience continued adoption, volatility and price discovery
  • Inflationary pressures and ongoing monetary and fiscal stimulus are creating significant opportunities in digital asset
Helping Great Companies Grow

Solution/Strategy

  • Ascendant wholly owns a licensed reinsurance platform and digital asset fund, which the company uses to invest in digital assets and traditional fixed-income products
  • Diversified exposure to the strongest digital assets (through direct investments in assets like Bitcoin) and companies building the future of finance
  • Intensive diligence process focuses on strong assets with large expected asymmetric upside
  • Avoid high-frequency trading strategies – the industry is too embryonic
  • Long term investment approach 
  • Significant time and resources on research to gain a high conviction on the long term growth potential of each investment
  • Vehicle structure expected to be tax efficient
Helping Great Companies Grow

Management

Chris Gilpin

CEO

Experienced technology entrepreneur, investor, and advisor

Business & Engineering (HBA, B.Sc Eng)  

Founder of Turnstyle Analytics (acq. by Yelp)

Erik Fell

CFO

Accounting & Finance (CPA, CA)

Former Senior Manager at PwC

Completed Level II of CFA

Helping Great Companies Grow
Learn More About This Transaction

CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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