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Jonathan Firestein named head of private capital for Ascent Private Capital Management of US Bank

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Jonathan Firestein has been appointed the head of private capital for Ascent Private Capital Management of US Bank, a unit of US Bank’s Wealth Management Group that serves ultra high net worth clients with more than USD25 million in individual or family wealth.

Firestein will lead the effort to construct the private capital investment platform for Ascent clients, including global investment strategies in venture capital, buyouts, private debt, real estate and real asset investment funds. He will also build the "impact" investment platform for Ascent clients, identifying global opportunities for clients to pursue investment opportunities with social and environmental impact as well as potential financial returns. Firestein will report to Kurt Silberstein, Ascent’s head of alternative investments.

"Jonathan’s previous experience in leading the construction of a global private capital investment platform and his focused experience in private equity make him well suited for this position," Silberstein says. "Additionally, his background in economics provides him with a macro-economic perspective to guide the selection of private capital investment opportunities."

Firestein brings more than 14 years of investment and business development experience to the Ascent investment team, including extensive experience in leveraged buyouts. He previously served as director of research for Wells Fargo Family Wealth and as a senior associate at Rigel Associates, a California-based private equity firm. Firestein earned a Masters of Science degree in economics and a Masters of Business Administration from Arizona State University. He graduated from the University of Arizona with a Bachelor of Arts degree in economics.
Firestein joined Ascent on 8 August, 2011, and will work at the US Bank office located at One California Street in San Francisco.

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