Unseen Upside: Investments Beyond Their Returns

What does it take to build something that lasts for generations?In this special crossover episode from 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 Cambridge Conversations and Unseen Upside are developed in partnership with PRX, an award-winning podcast media company.Cambridge Associates is a global investment firm that works with endowments, foundations, healthcare systems, pension plans, and private clients to implement and manage custom investment portfolios that aim to generate outperformance and maximize their impact on the world. Cambridge Associates delivers a range of portfolio management services, including outsourced CIO, non-discretionary portfolio management, staff extension, and asset class mandates.

Step into a conversation about the power of investing in women—and the ripple effects that follow.This International Women’s Day, discover how closing the gender gap in leadership and capital unlocks new opportunities, fuels economic growth, and strengthens communities. This discussion goes beyond the numbers; it highlights the stories, challenges, and progress that emerge from supporting women at every stage. It's not just about building equity; it’s about creating a stronger future for everyone.Guests include: Ali Hogan, Founder & Board Chair of Rung for Women (CA Client) Jenny Abramson, Founder & Managing Partner of Rethink Impact Mary Jo Palermo, Partner at Cambridge Associates Unseen Upside: Investments Beyond Their Returns 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 discretionary and advisory portfolio management, staff extension, and alternative asset class mandates.

Step into the world of advanced robotics, where AI is transforming how we work, move, and live. Discover how surgical robots, autonomous vehicles, and AI-driven exoskeletons are advancing healthcare, streamlining operations, and restoring independence for individuals. Hear from innovators at Xeno Dynamics, leading investors, and a family whose journey with multiple sclerosis (MS) inspired a foundation dedicated to advancing exoskeleton rehabilitation, opening doors to greater autonomy and inclusion worldwide.Guests include: Maram Fakhouri, Vice Chair and Co-Founder of STF5 Care Foundation Zhe Liang, Chairman of Xeno Dynamics Lior Susan, Founder and Managing Partner of Eclipse Ventures Judy Zhang, Head of China Client Business and Partner at Cambridge Associates Unseen Upside: Investments Beyond Their Returns 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 discretionary and advisory portfolio management, staff extension, and alternative asset class mandates.

Travel to a Vermont dairy farm to see how AI is reshaping agriculture.Learn how data-driven tools are making farming more sustainable and productive, and how companies like Inari Seeds are engineering crops for a changing climate. This episode uncovers the future of food—where technology, tradition, and environmental stewardship meet.Guests include: Lucas Mann, Co-Founder and Managing Partner of Acre Venture Partners Catherine Feuillet, Chief Scientific Officer at Inari Richard Nelson, Farmer at Nelson Dairy Farm Unseen Upside: Investments Beyond Their Returns 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 discretionary and advisory portfolio management, staff extension, and alternative asset class mandates.

Brandon White, co-founder of Axiom, discusses groundbreaking AI models that replace animal testing in drug development, making the process quicker and more humane. Stefan Strine from the Cleveland Clinic highlights their strategic investments in AI and quantum computing for healthcare innovation. Sunil Dhaliwal of Amplify Partners shares insights on the rise of computational biologists and how they drive AI integration in biotech. Together, they explore the ethical implications and future potential of AI in transforming medicine and improving patient outcomes.

What happens when AI meets the earth’s natural heat?Join us as we explore how Fervo and global partners are harnessing AI to unlock geothermal energy’s potential—delivering clean, flexible power around the clock. From Houston to the Middle East, we examine the science, policy, and investment trends driving the energy transition, and how geothermal could help power the AI revolution itself.Guests include: Fahad Alajlan, President at King Abdullah Petroleum Studies and Research Center (KAPSARC) Josh Posamentier, Co-Founder and Managing Partner of Congruent Ventures Tim Latimer, Co-Founder and CEO of Fervo Energy Tom Mitchell, Partner at Cambridge Associates Unseen Upside: Investments Beyond Their Returns 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 discretionary and advisory portfolio management, staff extension, and alternative asset class mandates.

Discover how AI is breaking down barriers to education and tailoring learning experiences for students everywhere.From Duolingo’s global reach to the innovative use of AI in real classrooms at Miss Porter’s School in Connecticut, this episode explores how technology is expanding access, enhancing engagement, and equipping the next generation with essential skills—while ensuring integrity and safety remain at the forefront.Guests include: Luis von Ahn, CEO and Co-Founder of Duolingo Henry Ellenbogen, Chief Investment Officer at Durable Capital Partners Maureen Lamb, Latin teacher and the Language Department Chair at Miss Porter's School Dean Dimizas, Partner and Managing Director at Cambridge Associates Unseen Upside: Investments Beyond Their Returns 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 discretionary and advisory portfolio management, staff extension, and alternative asset class mandates.

Get ready—Season 6 of Unseen Upside launches October 21.This season, we’re taking you behind the scenes to explore how AI is transforming our world. From labs and classrooms to clinics and fields, we’ll follow the capital and uncover how AI is driving the next chapter of human progress.Tune in for episode one on your favorite podcast platform, Tuesday, October 21.

Once numbering in the tens of millions, the American bison was nearly driven to extinction by the early 1900s. But a coalition of conservationists, Native American communities, and private partners were determined to save the species.Join us for this mini episode of Unseen Upside: Investments Beyond Their Returns, as we share the remarkable story of the bison’s restoration alongside John Calvelli, Executive Vice President of Public Affairs at Wildlife Conservation Society.Stay tuned for Season 6 which explores the transformative impact of AI across industries—launching Tuesday, October 21. In the meantime, catch up on past episodes in our podcast feed!Unseen Upside: Investments Beyond Their Returns 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 discretionary and advisory portfolio management, staff extension, and alternative asset class mandates.

Summer isn't over just yet--Unseen Upside is bringing you Part 2 of our summer reading list! Tune in as we share more book recommendations from investors and entrepreneurs on the leading edge of healthcare. Check the show notes for links to all the recommendations, and catch up on past episodes in our podcast feed. Stay tuned for Season 6—launching soon.Featured Recommendations: The Frozen River: A GMA Book Club Pick by Ariel Lawhon The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers by by Ben Horowitz Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel  Clayton M. Christensen’s Books Fifty Miles from Tomorrow by William L. Iggiagruk Hensley A Fortunate Man: The Story of a Country Doctor by John Berger  Guests Include: Theresa Hajer, Head of US Venture Capital Research at Cambridge Associates Alyssa Jaffe, Partner at Seven Wire Ventures Lucas Trout, Lecturer on Global Health and Social Medicine at Harvard Medical School Unseen Upside: Investments Beyond Their Returns 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 discretionary and advisory portfolio management, staff extension, and alternative asset class mandates.