Ascent Energy Ventures
A Generational Opportunity in Energy Tech
© 2020 Ascent Energy Ventures
This website is for information purposes only and is not intended as an offer to sell, or a solicitation to buy, any securities or other services.
Ascent Energy Ventures is a venture fund focused on investments with innovative leaders imagining a more automated and digital energy industry.
David Forsberg, CFA- Managing Partner
David founded Ascent Energy Ventures in 2019 to execute upon the generational opportunity in energy technology companies solving global energy problems, leading to a more efficient and automated industry. He brings over 15 years of experience deploying investment capital for institutions, private investors, and a single-family office.
He began his investment career in quantitative finance managing algorithmic execution and systematic investment models for Joe Ritchie at Fox River Financial Resources where he gained firsthand experience with industry wide automation. After eight years managing as much as $100mm in public market portfolios, David was hired by an energy focused single-family office where he sourced and conducted due diligence on hundreds of private investments.
Throughout his life, David has been involved in numerous segments of the energy industry- starting as a college intern for the Secretary of Energy and the Senior Policy Advisors; then as a portfolio manager of long/short E&P equities and commodity futures; then managing oil & gas investments in working interests and minerals; and most recently in the energy technology sector.
In addition to his investment work, David acts as a strategic advisor to multiple entrepreneurs, founders, and private investors as well as a litigation financial expert, where he prepares expert reports including complex calculations of damages and financial malfeasance.
David has spoken at the University of Colorado on the subject of investments, public market structure, and financial sector automation. He spent seven years as the vice chairman of the advisory board for a $1.4b financial firm and currently sits on the endowment investment committee for Regis Jesuit High School. David holds a BS in Finance from the University of Colorado at Boulder where he delivered the student commencement address and received a leadership award.
David is a CFA Charterholder, member of the CFA institute, and the Denver CFA Society. He is a long-term resident of Denver, Colorado where he lives with his wife Shannon and their young son. Over the years, he has enjoyed global travel and is passionate about skiing and spending time in the mountains.
Jim Newell, CPA
Jim has over 20 years of energy technology venture investment experience. He is the Co-Founder & Managing Partner of Houston Ventures. Before founding Houston Ventures, he spent ten years as Managing Partner at Altira Group. Jim is a current board member of Osberg, inc and has held numerous board positions with the energy industry throughout his career. He is an ultra-marathon runner and has earned the Leadman distinction for completing multiple events of the Leadville race series.
Steve has over 30 years of experience in the investment and energy sector. He is currently the President & Founder of Edge Energy, a private equity backed E&P company, and active private investor in the energy technology sector. Previously, Steve held CFO and COO roles at E&P companies including Bonanza Creek and Ellora Energy. He spent nearly ten years at Petrie Parkman & Company as an analyst and head of research. Steve received a degree in petroleum engineering from the Colorado School of Mines and an MBA from the University of California Los Angeles.
Michael is the founder of Akrasia Capital, a fractional CFO consulting firm helping companies scale and develop a growth roadmap with a focus on fundraising, growth strategy, financial analysis, and market position.
Wouter is a partner at Ridgeline Partners a leadership and management consulting firm offering series to drive innovation and sustainable growth. He is a speaker and thought leader to startup communities and an explorer who has hitchhiked 20,000km from Amsterdam to Tokyo.
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