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Cornerstone Partners Capital Management

SEC-registered adviser since 2020Charlottesville, VACRD 311296

$29.3B
AUM
22
Clients
See fees
Fee
16
Advisory staff

From Form ADV filed 30 March 2026 · data retrieved 15 October 2026SEC record

Cornerstone Partners Capital Management is an investment adviser headquartered in Charlottesville, Virginia, and registered with the SEC since 2020. Its clients include charitable organizations and pooled investment vehicles.

Its services include portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. Fee arrangements include a percentage of assets under management and performance-based fees. Focus Operating, LLC owns 75% or more of Cornerstone Partners Capital Management.

Clients

Cornerstone Partners Capital Management serves 22 clients, 16 of them charitable organizations. The average client has about $1.33 billion with the firm.

Regulatory assets by client type
  • Charitable organizations16 clients98%
  • Pooled investment vehicles6 clients2%
Show client breakdown
Pooled investment vehicles
Clients
6
Regulatory AUM
$517,685,120
Share
1.8%
Avg. per client
$86.3M
Charitable organizations
Clients
16
Regulatory AUM
$28,831,966,415
Share
98.2%
Avg. per client
$1.80B

Total

Clients
22
Regulatory AUM
$29,349,651,535
Share
100%
Avg. per client
$1.33B

What it does

Cornerstone Partners Capital Management provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets and performance-based fees.

Cornerstone Partners Capital Management advises 5 private funds.

100.0% of assets ($29.35B across 22 accounts) are managed with discretion. 5% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks1%
  • Funds81%
    • Pooled vehicles69%
    • Registered funds12%
  • Bonds14%
    • U.S. government and agency bonds7%
    • Investment grade corporate bonds7%
  • Cash4%

Custodians

Cornerstone Partners Capital Management’s client accounts are held mainly at The Northern Trust, with 91% of managed assets. Cornerstone Partners Capital Management has custody of $28.92B for 16 clients.

Managed account assets by custodian
  • The Northern TrustThe Northern Trust Company · Chicago, IL · $26.74B91%
  • All other custodians$2.61B9%

Ownership and leadership

Focus Operating, LLC owns 75% or more of Cornerstone Partners Capital Management.

Who owns the firm
Cornerstone Partners Capital Management, LLC· the adviser

  • Focus Operating, LLC

    Control person · since October 2020

    Owns 75% or more of Cornerstone Partners Capital Management, LLC

Leadership

  • Carrie Davis
    Managing Director of Operations, Member
  • Ishraga Eltahir
    CCO
  • Shane Galie
    Managing Director, Member
  • Anne Gerstenmaier
    Managing Director, Member
  • Kristin Henningsen
    Managing Director of Operations, Member
  • Peter Knerr
    Managing Director, Member
  • Jae Kwon
    Managing Director, Member
  • Christopher Laing
    Managing Director, Member
  • Jerry Polk JR
    Managing Director, Member
  • Laura Roller
    Managing Director, Member
  • Kevin Schuyler
    Managing Director, Member
  • Kathryn Scott
    Managing Director, Member

Staff

  • 36 employees
  • 16 in advisory functions

Reported holdings

Cornerstone Partners Capital Management’s reported 13F holdings total $34.4M across 6 positions, and the ten largest make up 100.0% of it.

$34.4M
Reported 13F value
6
Positions
100.0%
In the 10 largest
−14.6%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. SPDR Index Shs Fds · ST Str Nat ETF63.7%
  2. iShares TR · Core S&P500 ETF14.3%
  3. iShares TR · Cre U S REIT ETF11.5%
  4. iShares TR · Core MSCI Eafe5.9%
  5. iShares Inc. · Core MSCI Emkt3.4%
  6. Amprius Technologies Inc.1.2%

Together, the ten largest are 100.0% of reported value.

The 6 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 30 July 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $34.4M is not its $29.35B in regulatory assets and does not represent any individual client's portfolio.

Fees

Cornerstone Partners Capital Management is paid through a percentage of assets under management and performance-based fees.

Cornerstone Partners Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Cornerstone Partners Capital Management has 1 office, with 2 listed addresses across 2 states.

Listed office addresses by state

Virginia · 1 listed address

  • 675 Peter Jefferson Parkway, Suite 400, CharlottesvilleHQ

Registration details

Legal name
Cornerstone Partners Capital Management, LLC
Headquarters
675 Peter Jefferson Parkway, Suite 400, Charlottesville, VA 22911
Phone
434-296-2300
Website
Not reported
SEC file
801-119827
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Cornerstone Partners Capital Management have?

Cornerstone Partners Capital Management has 22 clients and manages $29.3 billion for them, as of March 2026. They include 16 charitable organizations and 6 pooled investment vehicles.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026

What services does Cornerstone Partners Capital Management offer?

Cornerstone Partners Capital Management provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Cornerstone Partners Capital Management use?

Cornerstone Partners Capital Management’s separately managed account assets are held at The Northern Trust Company (Chicago, IL), with $26,743,620,310. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026

How many financial advisors does Cornerstone Partners Capital Management have?

Cornerstone Partners Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 36 employees, and 16 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Cornerstone Partners Capital Management invest in?

At the end of its last fiscal year, Cornerstone Partners Capital Management’s separately managed accounts held 69% pooled vehicles (private funds and similar), 12% registered funds (mutual funds, ETFs, BDCs), 7% U.S. government and agency bonds, 7% investment grade corporate bonds, 4% cash and equivalents and 1% exchange-traded equities. It advises 5 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Cornerstone Partners Capital Management?

Cornerstone Partners Capital Management is owned through a chain of holding companies by Ferdinand FFP Parent, Inc., CD&R Ferdinand Co-Investor, L.P. and Clayton Dubilier & Rice Fund Xii, L.P. Its direct owner is Focus Operating, LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026

How does Cornerstone Partners Capital Management get paid?

Cornerstone Partners Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 30 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 311296.
  3. Form 13F-HR, filed 30 July 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Cornerstone Partners Capital Management, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.