Ascension Investment Management

What Ascension Investment Management does

Ascension Investment Management ("AIM") is an SEC-registered investment advisor and wholly-owned subsidiary of Ascension, one of the nation's largest non-profit Catholic healthcare systems. Founded within Ascension Health in 2009 and SEC-registered in 2012, AIM provides institutional investment management services to faith-based organizations, with reported assets under management of $40 billion as of 2025 and a team of 27 associates. Its platform spans three strategy categories — Traditional (U.S., international, and emerging markets equity, fixed income, cash and inflation-protection instruments), Alternative (absolute return hedge funds, hedged equity, liquid real assets, opportunistic credit), and Private (private equity, private credit, private real assets, and dedicated impact investments) — supported by advisory services covering Investment Policy Statement formation, asset allocation, manager sourcing and due diligence, risk management, and reporting.

AIM differentiates through a Catholic values-based Socially Responsible Investing policy informed by Ascension's Ethics team, including a 2021 amendment to restrict fossil fuel investments. Impact Investment strategies form a distinct sub-platform: three successive illiquid vintages from 2014 to 2019 (totaling $185M raised across vintages), a $102M illiquid impact strategy launched in 2022 alongside its first liquid impact product, Impact Fixed Income, with approximately $287M cumulatively deployed across impact themes spanning affordable housing, healthcare, education, food and nutrition, financial inclusion, renewable energy, and clean water.

The firm operates as a private Missouri LLC with headquarters in St. Louis, generating revenue through investment advisory fees typically structured as a percentage of assets under management. Distribution is relationship-based: direct institutional sales to faith-based organizations (Catholic institutions, dioceses, religious orders, mission-driven nonprofits), partnerships with investment consultants, and a dedicated business development and investor relations team. The firm is sales-led with no disclosed technology platform, no AI/ML capabilities, no external funding rounds, and no public revenue disclosure.

Name

Ascension Investment Management

Legal name

Ascension Investment Management, LLC

Website

https://ascensioninvestmentmanagement.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Ascension Investment Management is an SEC-registered investment advisor and wholly-owned subsidiary of Ascension that manages $40 billion across traditional, alternative, and private strategies for faith-based institutional clients, applying a Catholic values-based Socially Responsible Investing policy.

Ownership category

akta.pro rank

Product category

Institutional Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)

akta.pro secondary industries

Impact Investing (Intentional, Measurable Social/Environmental Outcomes) (FSAAALAC), Impact / ESG Multi-Manager Platforms (FSANAGAJ)

Keywords

• Institutional asset management
• Faith-based investing
• Socially responsible investing
• Impact investing
• Investment advisory services

Headquarters

HQ city

Saint Louis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Investment Advisory Fees: Registered investment advisor generating revenue through investment advisory fees, typically charged as a percentage of assets under management (AUM). The firm serves institutional clients with customized investment strategies across traditional, alternative, and private investments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Ascension Investment Management provides institutional investment management and advisory services to faith-based organizations across Traditional Strategies (public market equity, fixed income, cash), Alternative Strategies (hedge funds, hedged equity, liquid real assets, opportunistic credit), and Private Strategies (private equity, private credit, private real assets, dedicated impact investments). All strategies are governed by a Catholic values-based Socially Responsible Investing (SRI) policy, with the firm also offering customized portfolio construction, Investment Policy Statement assistance, manager due diligence, risk management, and impact investing solutions that have deployed approximately $287 million over the past decade.

Product overview

Ascension Investment Management (AIM) is an SEC-registered investment advisor offering a comprehensive investment management platform designed for faith-based organizations. The platform provides three core investment strategy categories: Traditional Strategies (public market investments including equity, fixed income, and cash instruments), Alternative Strategies (hedge funds, hedged equity, liquid real assets, and opportunistic credit), and Private Strategies (private equity, private credit, private real assets, and dedicated impact investments). AIM's differentiated approach applies Catholic values-based Socially Responsible Investing (SRI) policy across all strategies, informed by Ascension's professional Ethics team. The firm also provides comprehensive investment advisory services including Investment Policy Statement formation, strategic asset allocation, manager due diligence and oversight, risk management, administrative support, and transparent reporting. Impact Investment strategies represent a distinct sub-offering focused on generating both social impact and competitive returns in areas aligned with Catholic mission, including approximately $287 million deployed across illiquid and liquid (Impact Fixed Income) impact strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• Traditional Strategies
• Alternative Strategies
• Private Strategies
• Investment Advisory Services
• Impact Investment Strategies
• Impact Fixed Income

Quantifiable outcome

• $287 million deployed in impact investments over the past decade
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Ascension HealthcoreStrategic or Co-development Partner · 1 January 2009Ascension Investment Management was founded within Ascension Health, one of the nation's largest non-profit Catholic healthcare systems. David Erickson was hired as the first in-house investment professional in 2009 to build out the investment team. AIM operates as a subsidiary of Ascension, founded on the mission to provide healthcare to the most vulnerable in society. The firm's Catholic values-based investment approach is influenced by Ascension's mission of 'answering God's call to bring health, healing, and hope to all.'

Scale indicators3 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Cambridge Associates: Cambridge Associates provides investment advisory and OCIO services to endowments, foundations, and institutional investors. Comparable in serving institutional clients with outsourced investment management, though broader in scope.
• Trinity Health Investment Management: Trinity Health is a large Catholic health system with an internal investment office managing institutional assets under Catholic social teaching. Comparable in faith-based institutional asset management.
• Russell Investments: Russell Investments provides OCIO, investment management, and consulting for institutional investors globally. Comparable in multi-asset institutional management, with broader geographic and client reach.
• CAPTRUST: One of the largest U.S. independent RIAs serving institutional clients including endowments, foundations, and faith-based organizations. Comparable in institutional advisory model, though broader in client base.
• CommonSpirit Health Investment Office: One of the largest U.S. nonprofit Catholic health systems, CommonSpirit manages internal investment operations for its system assets. Comparable in Catholic institutional scale and mission-aligned investment mandate.

Emerging players

• Verus Investments: Verus is an investment consulting and OCIO firm serving institutional clients including nonprofits and foundations. Comparable in outsourced investment solutions for mission-driven institutions, though not faith-specific.
• Domini Impact Investments: Domini offers values-aligned and impact investment funds with Catholic-aligned roots. Comparable in faith-rooted impact investing approach, though focused on pooled funds rather than customized institutional mandates.

Direct peers

• Wespath Institutional Investments: Wespath manages investments for The United Methodist Church and related institutional investors, applying values-aligned screening across a multi-asset platform. Directly comparable to AIM in faith-based institutional asset management.
• Mercy Investment Services: Mercy Investment Services, a ministry of the Sisters of Mercy, provides Catholic-aligned SRI/impact investing for faith-based institutions. Comparable in mission focus and faith-based institutional client base.
• Christian Brothers Investment Services (CBIS): CBIS is a faith-based, Catholic-aligned investment advisor serving Catholic institutions, religious orders, and faith-based organizations with SRI-screened portfolios and impact strategies. Highly comparable to AIM in mission, client base, and product mix.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ascension Investment Management