Ascension Ventures Finalizes Fifth Strategic Healthcare Venture Fund; Expands Assets Under Management to More Than $1 Billion ST. LOUIS, March 5, 2021-- Ascension Ventures (AV) today announced the closing of a $285 million strategic venture capital fund. This fifth fund brings the firm’s total assets under management to more than $1 billion. The new fund is backed by 13 leading health system partners directly involved in AV’s diligence and investment approval process. AV was launched in 2001 by Ascension, the nation’s largest Catholic and nonprofit health system.