Ascentivelab Group Expands Family Office Origination as Direct Deals Outpace Lean Teams

Ascentivelab Group, a New York-based private capital markets firm, announced an expansion of its family office coverage, positioning mandate-driven origination as a specialist function that lean investment teams increasingly source externally rather than staff in-house.

The family office sector has grown faster than the teams inside it.

Their ambitions have moved with that growth. Direct ownership requires sourcing, screening, diligence and execution across every sector a family is willing to consider.

Few offices are staffed for it. Portfolio management moved outside the office years ago. Origination has not, and the volume arriving at a lean team makes that difficult to sustain.

Ascentivelab Group is structured to fill that role. The firm holds each investor mandate in granular form, including check size, capital structure, sector, stage, control preference, hold period and geography, and maintains coverage across digital infrastructure and data centers, energy and project finance, technology, healthcare, industrials, and business and financial services.

An office receives an opportunity because it corresponds to criteria that office has stated. The screening, preparation and initial review sit with Ascentivelab Group, and the investment decision stays entirely with the family.

The relationships built through that work also carry the firm’s advisory mandates, which are concentrated in commercialization-stage companies that have paying customers and contracted revenue but sit below the check size most institutional funds can efficiently deploy. Founders and business owners engaged by Ascentivelab Group reach the specific offices, funds and credit providers whose criteria they already meet, across common and preferred equity, convertible instruments, venture and growth debt, senior and subordinated facilities, mezzanine capital, royalty and revenue based structures, recapitalizations and sell-side processes.

“A family office of eight people cannot run live coverage of six sectors on three continents, and no one expects them to,” said Deepesh Shivnani, Managing Partner at Ascentivelab Group. “Almost every other specialist function in the building has already been outsourced. Origination is the one that was left, and it is the one that determines what they get to choose from.”