Ascent Capital Partners is a Scottsdale, Arizona-based multi-family office and SEC-registered investment adviser. Its alternatives include real estate, private equity, venture capital and hedge funds, and the firm describes direct investing in real estate alongside access to third-party managers. Its investment-advisory business has $172 million in regulatory assets under management. For real estate sponsors, Ascent stands out as a multi-family-office investor pairing direct real-estate investing with access to private-market opportunities for client families.