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Equitas Evergreen Fund
Equitas Evergreen Fund is a New Orleans-based fund-of-funds manager founded by David S. Thomas, Jr.
Equitas Evergreen Fund
David S. Thomas, Jr. founded Equitas Capital Advisors and created the Equitas Evergreen Fund, a fund-of-funds manager based in New Orleans. The firm operates as an allocator of capital across multiple external strategies, though the exact mix of asset classes and stage preferences are not publicly detailed. Thomas's background includes the CIMA designation through the Investment Management Consultants Association (IMCA) and involvement with Louisiana public pension governance bodies such as LAPERS and LATEC (Louisiana Trustee Education Council). Strategy details are limited to a multi-strategy portfolio orientation. The firm does not publicly disclose specific portfolio companies, co-investors, or geographic footprint beyond the United States. The team includes Derek Fossier (Director of Investments), Rachel Kaplan (Senior Analyst), and Susan Christina (Chief Compliance Officer). Akos Beleznay served as Chief Investment Officer from 2003 to 2010. No recent operational event — such as a capital raise, deal closure, or leadership appointment — has been publicly reported in the last 24 months. The firm supports several philanthropic foundations, including Christian Health Ministries Foundation, East Jefferson General Hospital Foundation, Huffington Foundation, and McNeese State University Foundation. These are separate from the investment vehicle's operations. The firm's structural differentiator is its deep roots in Louisiana's public pension and trustee education communities, giving it a local institutional investor network that differs from most fund-of-funds managers concentrated in larger financial hubs. However, the overall lack of public disclosure on AUM, strategy, and deal activity makes Equitas Evergreen Fund one of the more opaque managers in the fund-of-funds space.
General information
Firm type
Generic
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New Orleans
Corporate office
New Orleans, LA, United States
Principals
David S. Thomas, Jr.
Founder and CEO, Equitas Capital Advisors
Derek Fossier
Director of Investments, Equitas Capital Advisors
Rachel Kaplan
Senior Analyst, Equitas Capital Advisors
Susan Christina
Chief Compliance Officer, Equitas Capital Advisors
Akos Beleznay
Former Chief Investment Officer (2003-2010)
Frequently asked questions
Who runs investment decisions at Equitas Evergreen Fund?
David S. Thomas, Jr. founded Equitas Capital Advisors and created the Equitas Evergreen Fund, where he oversees the investment team. Derek Fossier serves as Director of Investments, and Rachel Kaplan is a Senior Analyst. Akos Beleznay was the Chief Investment Officer from 2003 to 2010 (public record).
What is the investment strategy of Equitas Evergreen Fund?
The fund describes itself as a multi-strategy portfolio allocator, typical of a fund-of-funds manager. Specific asset-class targets (e.g., private equity, hedge funds, real assets) and stage preferences are not publicly disclosed. The firm relies on external managers rather than direct deals (per public record).
Is Equitas Evergreen Fund a single family office?
No. The firm is structured as a fund-of-funds manager under Equitas Capital Advisors, a registered investment advisor. It does not appear to be tied to a single family's wealth or operate as a family office. The wealth origin of its clients is not publicly disclosed.
Does Equitas Evergreen Fund participate in co-investments?
There is no public evidence that Equitas Evergreen Fund makes direct co-investments alongside external GPs. The firm's stated model is a fund-of-funds approach, meaning capital is allocated through external manager funds rather than direct deals.
What philanthropic structures is Equitas Evergreen Fund associated with?
Equitas Capital Advisors supports several foundations, including Christian Health Ministries Foundation, East Jefferson General Hospital Foundation, Huffington Foundation, and McNeese State University Foundation. These are separate from the investment fund's operations (public record).
What is the firm's geographic focus?
Based on its headquarters in New Orleans and team affiliations with Louisiana pension groups (LAPERS, LATEC), the firm likely focuses on U.S. markets, with a concentration in the Gulf South. Broader international exposure is not publicly documented.
What professional networks does David S. Thomas, Jr. participate in?
Thomas holds the CIMA designation through IMCA. He is a founding speaker and sponsor of LAPERS (Louisiana Association of Public Employees' Retirement Systems) and a member of LATEC (Louisiana Trustee Education Council). These affiliations reflect his ties to the Louisiana public pension community (public record).
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