Our Story​

Ascend is a private equity firm that was founded in 2019 by dedicated professionals with complementary experiences and a common vision: transform the delivery of healthcare to underserved and vulnerable communities by investing in growth oriented, patient-focused companies. 

Ascend is led by co-founders In Seon Hwang, former global head of Healthcare at Warburg Pincus and member of the Executive Management Group, and Dr. Richard Park, founder and former CEO of CityMD, a leading patient-centric healthcare services company in New York and New Jersey. 

Ascend Partners closed its inaugural fund, Ascend Capital Partners Fund I, with $570 million in capital commitments. Ascend Fund I’s Limited Partners include public and private pension funds, foundations, financial institutions, and family offices who share our mission. To date, Ascend has made seven proprietary platform investments out of Fund I and has grown its team to include thirteen full-time professionals, including nine investment professionals.

Why did we create Ascend? What is our purpose?​

Ascend is more than a private equity firm. We are a purpose-driven partnership created by two long-term friends. Deeply rooted in our personal life stories and our commitment to help build thriving communities, we saw a special opportunity to invest in entrepreneurs and companies that lift up underserved and disadvantaged populations.