Albany Med Health System

Albany Med Health System

Albany Medical Center Hospital Pension Plan was created in 1989 to serve staff of the Albany Medical Center complex. Daniel T. Pickett III, who also leads Hudson River Capital Holdings, directs the system that houses the plan. The plan remains a private-sector defined-benefit vehicle focused on employee retirement security. The plan holds a 50 percent joint-venture interest in Healthcare Partners of Saratoga, Ltd. and maintains a limited-partner position in an AEW Capital Management real-estate fund. Additional direct holdings include Albany Medical Park South I, LLC and Madison Avenue Services Corporation. Geographic exposure centers on New York State properties, with the main campus at 43 New Scotland Avenue in Albany and outpatient facilities in Clifton Park and Malta. Prime Buchholz acts as investment advisor and KPMG serves as auditor. The system maintains four related foundations that together report roughly $29 million in annual giving capacity. No material operational changes to the pension plan itself have been recorded in the last 24 months. The pension plan sits inside a nonprofit health system rather than operating as a standalone manager or family office, creating a direct link between hospital cash flows and retirement obligations.