Could This Help Historically Black Colleges Fix Their Endowment Woes?
February 13, 2024
The endowments of Historically Black Colleges and Universities in the U.S. are woefully underfunded and under resourced.
About Us
We are an Outsourced Chief Investment Officer (OCIO) dedicated to serving institutional investors on a discretionary and non-discretionary basis. We cater to a wide spectrum of clients from endowments and foundations, defined benefit plans, public sector, healthcare, family office, and many other non-profit and for-profit organizations. Our objective is to pursue investment excellence by offering access to a global network of top-tier investment managers across all asset classes while never losing site of your institution’s critical values and concerns.
We are a fee-based Outsourced Chief Investment Officer (OCIO) to institutional investors, such as retirement funds, endowments, foundations, and operating funds at both non-profit and for-profit enterprises.
Headquartered in Dallas, Texas and founded in 2019, we provide clients with investment scale by providing access to a global network of investment managers, asset classes and unique opportunities. We add value by sorting through complexities, leveraging opportunities, and identifying resources that ensure fiduciary needs are met, so you’re in the best position for the future demands.
Our counsel gains distinct synergies from our close alignment with our subadvisor Clearstead. Founded in 1989 and headquartered in Cleveland, Clearstead is an independent investment advisory firm that is employee owned and managed. They advise approximately $20 billion in client assets, including over 125 institutional clients, representing approximately $16.5 billion. They complement our services with governance best practices, asset allocation studies, investment research, model portfolio solutions, customized portfolio solutions, and performance reporting.
Ryan Bailey, an acknowledged graduate of Yale University with a Bachelor of Arts degree in Economics, has made major contributions to the world of finance during his career. He began his journey at the equities research divisions of major companies such as Smith Barney, Deutsche Bank, and Credit Suisse First Boston, earning excellent experience in investment analysis and market research. Ryan’s drive to professional development is evident via his acquisition of various qualifications, including Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Chartered Alternative Investment Analyst (CAIA), and Chartered Market Technician (CMT).
Currently, Ryan has prominent roles on the investing committees of recognized organizations, including the American Heart Association, Texas Employee Retirement System, Dallas Police and Fire, and Parkland Hospital. His experience is sought after as a director on the board of Blue Dolphin Energy (BDCO) and as a board member for the Texas Alternative Investment Association, Bridgeway Capital Management, STREAM Foundation, Portfolios with Purpose, and Dallas CFA Society. Ryan also serves as an Angel for the Texas Wall Street Women and functions as a Strategic Advisor for Carbonado Partners.
Prior to joining Paradigm, Ryan received distinction for his job as the Head of Investments at Children’s Health System of Texas, where he expertly managed assets totalling $1.8 billion across different portfolios, including the hospital’s pension, foundation, operational cash, and long-term pools. As the founding investment officer, Ryan played a vital role in creating the investment department, designing and executing systems, procedures, and governance structures to create a top-tier endowment office.
Ryan’s knowledge extends further to his position as the Investment Officer and Interim Chief Investment Officer (CIO) of the Meadows Foundation. In this capacity, he successfully drove the due diligence process, contributed to the formulation of strategic asset allocation, and designed and executed investment strategies to achieve competitive performance.
Ryan’s accomplishments have garnered him numerous honors and recognitions from major organizations such as Institutional Investor, Asset International – Chief Investment Officer Magazine (aiCIO), and Trusted Insight. These honors are a testament to his extraordinary contributions to the field of finance and investment management.
With his significant expertise and proven track record, Ryan Bailey offers a wealth of knowledge and strategic insights to the team at Paradigm, enhancing the firm’s capacity to create great investment solutions and drive superior outcomes for clients.
Quentin’s professional experience begun in public service, creating a good basis for his later responsibilities as an administrator, strategist, and community leader. His diversified experiences span different industries, including government, healthcare, banking, and non-profit organizations. Quentin’s strong leadership qualities and strategic acumen led him to serve as the President and CEO of a distribution services company prior to joining Paradigm. At Paradigm, Quentin plays a crucial role in business development and developing community partnerships.
Driven by a strong civic engagement, Quentin has made a huge effect in many organizations. He served as the previous Board Chair of Ohio Means Jobs Cleveland/Cuyahoga County, contributing to workforce development programs. Additionally, he actively serves as a member of the Executive Committee of Cleveland Development Advisors, pushing effective economic development projects. Quentin is also a cherished member of Phi Beta Sigma Fraternity, Inc. and 100 Black Men of Greater Cleveland, organizations dedicated to uplifting and empowering communities. His excellent efforts have been acknowledged by prominent distinctions such as Crain’s Cleveland Business 40 Under 40 and Kaleidoscope 40 Under 40. Quentin has also served on the Board Nominating Panel for the Cleveland Metropolitan Schools and the Governor’s legal Advisory Committee, displaying his devotion to education and the legal system.
Quentin’s academic qualifications further strengthen his experience and leadership ability. He obtained an MPA (Master of Public Administration) from Cleveland State University, giving him with broad understanding in public governance and policy. Quentin also holds a BA in Political Science from Jackson State University, cultivating a strong awareness of political dynamics and their repercussions.
With his vibrant leadership style, unwavering passion to public service, and remarkable contributions to the community, Quentin is a tremendous asset to Paradigm. His ambition for company development and commitment to developing strong community partnerships strengthen his role in pushing positive change and making real impact.
Highly experienced and effective financial marketer and institutional business development professional with a 15 year track record of success raising capital and advising firms across a wide breadth of asset classes including U.S. equities, entertainment, private equity, retail, logistics and real estate. Specialized experience in coaching, rebranding and transforming primarily emerging, impact, women-owned and diverse investment firms from reliance on high net worth, individual clients into elite, institutional class firms ready and qualified for mandates from the real drivers of growth and stability in this
industry, including public defined benefit retirement plans, Taft-Hartley plans, endowments, foundations, large multifamily offices and institutional consultants.
Prior to officially beginning his institutional asset raising career, Adam spent 12 years as a founder and entrepreneur, operating 4 separate companies including a marketing agency, a private credit shop focused on the transportation sector, a publishing house of the first high-end, lifestyle magazine for South Texas and a small business consulting firm.
It was also during this period Adam began raising outside capital for outside projects and developed not only a passion for deal making, but also gained invaluable insight into what attributes make great companies and how to implement that knowledge in real world scenarios.
Shannon Zoller has over two decades of experience in the financial services industry, having started her career as a financial services lawyer. Ms. Zoller is currently the Founder and a Managing Partner of Tephra Advisors, a private capital fund advisory business, and is a Board member of WAVE (Women Association of Venture & Equity). After her legal career, she entered private equity joining middle-market private equity fund manager Sterling Partners in Chicago in 2005. In 2008 she became an Executive Director in the Private Funds Group at UBS, at that time one of the largest private capital funds advisory businesses in the industry and part of UBS’s global investment banking business. After UBS, Ms. Zoller was a founding team member and Managing Director of the Private Funds Group at GCA Savvian, formerly a publicly traded independent global investment bank which was acquired by Houlihan Lokey.
Ms. Zoller has a BA from University of Illinois at Urbana-Champaign where she was a scholarship athlete and a JD from Chicago-Kent College of Law. She also is a board member of WAVE ( Women’s Association of Venture and Equity) and a Senior Advisor, to the Robert F. Kennedy Human Rights.
Marvin J. Owens, Jr. currently serves as Senior Strategist in the Mayor’s Office, City of Cleveland. In this role he has overall responsibility for community and economic development, housing development repair and rehab, blight removal, and code enforcement, and catalytic redevelopment for the southeast side of Cleveland, Ohio. In this role, Mr. Owens reports directly to the mayor and leads the implementation of Mayor Justin Bibb’s Southeast Side Strategy. Prior to joining the Bibb Administration, Marvin served as Chief Engagement Officer for Impact Shares. In this role, Marvin had engagement responsibility for both fund managers and corporations, as well as cultivating and maintaining relationships with financial intermediaries with the goal of AUM growth. Marvin was also responsible for strategic relationships with our social advocacy partners, and lead the firm in broader Social Impact and advocacy conversations.
Marvin Owens also served as the firm’s lead in all ESG conversations, and the led the firm’s shareholder advocacy work. Prior to joining Impact Shares, Marvin served as Senior Director of Economic Programs for the NAACP. In this role, Mr. Owens was responsible for the NAACP’s national Economic Inclusion agenda which includes Asset and Wealth Creation programs with efforts that support financial education, homeownership, minority business development, franchising, workforce development and diversity; Advocacy and Sustainability with efforts around economic justice and social impact investing; and Research with ongoing efforts to track and report economic conditions, as well as recommended public policy changes. Mr. Owens led the NAACP’s corporate scorecards.
Prior to joining the NAACP, Mr. Owens served a consultant, lecturer, and technical assistance provider in the areas of Community and Economic Development, Small Business Development, and Community Organizing. Mr. Owens serves as an Advisory Board Member of the Stonehenge Capital NMTC fund, where he advises, recommends, and monitors fund investments for economic impact. Guest lecturer credits include Oxford University’s Saïd School of Business on the subjects “Responsible Leadership,” and “Economic Development in the Black Church.”
Prior to becoming an independent consultant, Mr. Owens served as Vice President for Economic Empowerment at the National Urban League (NUL) where he managed all aspects of NUL’s corporate, foundation, and government relationships with specific focus on affiliate economic development activities, small business development, and finance. Mr. Owens was responsible for implementing business and economic development efforts in more than 20 US cities. Mr. Owens oversaw implementation of the National Urban League’s Empowerment Fund, and was the lead staff in creating NUL’s current model of economic empowerment centers.
Ralph Ward is a seasoned financial professional with extensive experience in wealth management and investment consulting. As the CEO and Founding Partner at Ward Salient Capital in New York, NY, he has been providing expert consultation to ultra-high net worth families and institutional clients in the U.S. and Mexico since December 2019. Ward specializes in guiding clients on the intricacies of investment strategies, emphasizing the “how” rather than the “what” of investments. His role involves negotiating and renegotiating fees, commissions, and interest rates to optimize client returns.
Prior to founding Ward Salient Capital, Ralph Ward held key positions at renowned financial institutions. As a Senior Vice President at Morgan Stanley from April 2009 to December 2019, he served as a Financial Advisor and Private Banker, managing portfolios for high-net-worth families and institutional clients across the U.S., Argentina, and Mexico. Earlier in his career, as a Vice President at UBS AG, he oversaw over $200 million in client financial assets and provided investment advice to high-net-worth individuals.
Ward’s financial career began at JPMorgan in 1996, where he excelled as a Client Specialist, managing a diverse portfolio of clients and developing successful cross-selling initiatives. His journey also includes roles at Prudential Securities, Bankers Trust, and Barclays Bank, where he honed his financial acumen and analytical skills. Ralph graduated cum laude from Boston University in 1994 with Bachelor of Arts degrees in International Relations and Economics, along with minors in Spanish and French. He is fluent in Spanish, English, and French, and conversant in Italian.
Beyond finance, Ralph Ward is a multifaceted individual with interests ranging from film and music production to singing, acting, and writing. He is actively involved in private equity and asymmetric hedge fund investing, showcasing his diverse skill set and passion for the financial industry.
Grace is a Brown University graduate, holding degrees in Economics and Visual Art. She will be joining Boston Consulting Group as an Associate in San Francisco in 2024. Previously, Grace has worked on a diverse array of projects spanning across e-commerce, healthcare, and robotic process automation. She has worked as an Experience Design Intern at Boston Consulting Group, a Product Design Intern at UiPath, a Contractor at Cartograph, an Intern at Brown’s Masters Program in Innovation Management & Entrepreneurship (PRIME), and a Marketing and Finance Intern at Sotheby’s International Realty.
During her time at Brown University, Grace significantly contributed to the campus’s mentorship program, design community, and cultural clubs. She led Brown Women in Business (WIB)’s Marketing & Communications team and mentored 15+ underclassmen in WIB’s mentorship program, worked as a Communications Chair and Senior Advisor at Brown Chinese Students Association, guided students as an Advisor for the Matched Advising Program for Sophomores (MAPS), volunteered and contributed to the Operations and Sustainability team for Better World by Design’s 2021 conference, and designed for Full Stack @ Brown. Grace was also awarded at the 42nd Annual Juried Student Exhibition from Brown University’s Department of Visual Art and Brown Arts Institute and held her own gallery thesis exhibition in the fall of 2022.
With her interests in technology, business, and design, Grace is thrilled to intern at Paradigm this summer.
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The endowments of Historically Black Colleges and Universities in the U.S. are woefully underfunded and under resourced.
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