The Greater New Orleans Foundation has named CA Capital Management to manage its $200 million investment portfolio.
“We trust that CA Capital Management will protect and grow the foundation’s assets,” said Ryan Crespino, vice president of finance and administration for the foundation. “They are experts in the field of managing endowments and 60 percent of their clients are nonprofit institutions, including many U.S. universities and foundations.”
CA Capital Management is Cambridge Associates outsourced investment office business. “Over the last three decades, our portfolio has grown from $4 million to more than $200 million, primarily through the generosity of our donors,” said Luis Zervigon, chair of the Investment Committee. “The portfolio is now of a size where we need a dedicated team of investment experts to build, manage, and grow it.”
“We know the long-term impact that the Foundation can have on the region, and we look forward to helping GNOF maximize its investments to put as many dollars to work as possible to address community needs,” said Sandra A. Urie, chairman and CEO of Cambridge Associates.
The Foundation’s Investment Committee will work closely with CA Capital Management to define the strategy and investment policies that will guide how CA Capital invests GNOF’s assets.