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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.

You’ll hear:
    • 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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About Cambridge Associates

Cambridge Conversations is developed in partnership with PRX, an award-winning podcast media company.

Cambridge Associates is a global investment firm with 50+ years of institutional investing experience. We partner with private clients, endowments, foundations, pension plans, and corporations to design and manage custom portfolios focused on generating alpha and achieving investment objectives. Our services include outsourced CIO, non-discretionary portfolio management, staff extension, and alternative asset class mandates. Learn more about us.

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Have an idea for an episode or interested in being a guest? Email cambridgeconversations@cambridgeassociates.com to get involved.

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