NewsmakersSeptember 5, 2024

Broad Foundation Appoints Greg Outcalt as CIO

He succeeds Katharine Krieger as investment chief of the $2 billion foundation.

Reported by Matt Toledo

Greg Outcalt

The Los Angeles-based Eli and Edyteh Broad Foundation announced Wednesday the appointment of Greg Outcalt as CIO, overseeing the foundation’s $2 billion in assets. Outcalt will manage the assets of the Eli and Edythe Broad Foundation, the Broad Art Foundation and the Broad families’ personal investments.

Outcalt succeeds Katharine Krieger, who spent 23 years at the Broad Foundation, most recently as CIO. Krieger was recently appointed CIO of the Getty Foundation.

Outcalt was formerly president and chief financial officer of Parea Capital before his appointment to the foundation. He was previously president and CIO of the Windhorse Family Office and had been senior managing director and co-CIO of Alliance Bernstein’s alternatives investment management.

“Greg is an accomplished investor with a proven track record as a leader and mentor,” said Gerun Riley, president of the Broad Foundation, in a statement. “We have been impressed with Greg’s collaborative nature, sound judgment and his alignment with the mission and values of the Broad Foundations.”

Outcalt earned a B.S. in business administration and accounting from Pepperdine University and an MBA from the Anderson School of Management at UCLA.

The Broad Foundation was founded by the late businessman Eli Broad and his wife, Edythe. The foundation makes grants across Los Angeles, with the goal of helping young Angelenos from under-invested neighborhoods achieve upward mobility.

“Our vision for Los Angeles is one where all Angelenos can shape and participate in an inclusive, clean and upwardly mobile economy,” states the foundation on its website. “By focusing resources on efforts to develop skills and strengthen career pathways, we believe we can help expand economic opportunity for Angelenos from historically marginalized communities and build a brighter future for Los Angeles.”

Ashley Dennig Blodgett, director of investments at the Broad Foundation, was named a 2024 CIO NextGen.