Cornerstone Partners

CornerStone Partners Capital Management, LLC is a registered investment adviser with the SEC, providing portfolio management services to tax-exempt organizations since 2002. The firm was founded in 1997 and acquired by CornerStone Partners in 2020. CornerStone offers fiduciary portfolio management, operational, and administrative services to endowments, foundations, charitable organizations, and pooled investment vehicles. The firm is part of Focus Financial Partners, LLC, with majority ownership by funds affiliated with Clayton, Dubilier & Rice, LLC, and Stone Point Capital LLC. CornerStone's investment strategies focus on an endowment approach, utilizing proprietary and non-proprietary models for asset allocation and manager selection. The firm offers various fee options, including management fees with or without incentive fees. Clients have investment discretion over their accounts, with third-party managers having full trading authority. CornerStone conducts regular account reviews, provides detailed performance reports, and has a Code of Ethics to prevent conflicts of interest. The firm does not receive compensation for client referrals and maintains custody of client assets with qualified custodians. CornerStone does not have discretionary authority for all client accounts, and proxy voting authority is generally delegated to third-party managers. The firm has no disciplinary history and does not require prepayment of fees.