Robert Wasmund and funds managed by Elliott Investment Management L.P. (“Elliott”) have partnered to launch Ascent Developer Solutions (“AscentDS”), a relationship-based lender providing customized financing solutions to top-tier real estate developers. The launch is powered by an equity capital commitment from Elliott, a multi-strategy investment management firm with substantial experience in asset-based investments and specialty finance platforms. Elliott’s investment is intended to support both the build-out of the platform’s operations and the growth of its portfolio-lending capabilities.

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