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The Portfolio Behind Pearl: Funding a 100-Year Vision

Cambridge Associates
The Portfolio Behind Pearl: Funding a 100-Year Vision

What does it take to build something that lasts for generations?

In this episode of Cambridge Conversations, we explore how bold vision, patient capital, and a deep commitment to community helped transform San Antonio’s Pearl district from a shuttered brewery into a thriving destination.

Host Willis Wilson hands the mic to Unseen Upside host Hillary Ribaudo, who travels to San Antonio to speak with Bryant Ambelang, CEO of Silver Ventures (CA client); Shawn Hatter, President of Oxbow Development Group; and Mary Jo Palermo, Partner at Cambridge Associates.

Together, they unpack how a family’s commitment to place, culture, and community helped shape a “100-year business,” and what it takes to support that vision through market cycles, development challenges, and changing needs over time.

This podcast episode covers:

    • How Pearl evolved from a historic brewery into a thriving mixed-use destination
    • Why patient capital and long-term thinking were critical to its success
    • How liquidity, risk, and portfolio decisions helped support an ambitious vision
    • What investors can learn from building for both community impact and lasting value

Explore photos taken during our visit to the Pearl:

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Read the transcript here.

Cambridge Conversations is developed in partnership with PRX, an award-winning podcast media company. Have an idea for an episode or interested in being a guest? Email us to get involved.

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About Cambridge Associates

Cambridge Associates is a global investment firm with 50+ years of institutional investing experience. The firm aims to help pension plans, endowments & foundations, healthcare systems, and private clients achieve their investment goals and maximize their impact on the world. Cambridge Associates delivers a range of services, including outsourced CIO, non-discretionary portfolio management, staff extension and alternative asset class mandates. Contact us today.

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