The role of an Alternative Investment Fund Administrator is to supervise the fund manager by performing administrative functions. An Alternative Investment Fund Administrator (AIFA) is a person or company like ASCENT that provides administrative services to an investment fund. AIFA's are not investment managers, but they can be hired by investment managers to perform administrative tasks on their behalf.

The primary responsibilities of an Alternative Investment Fund Administrator are to create and maintain the fund’s records, oversee the accounting process of the fund, oversee compliance with applicable regulations and reporting requirements, and oversee other aspects of administration such as membership renewal and investor servicing.

Ascent being an Alternative Investment Fund Administrator handles a host of fund administrative activities. The development and maintenance of the fund's records are the major objectives of an Alternative Investment Fund Administrator. They are in control of the fund's accounting and adherence to all official rules and reporting requirements. They are also in authority of other administrative duties such as membership renewing and investor service.