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Albert Einstein Medical Center Employees Retirement Plan
The Albert Einstein Medical Center Employees Retirement Plan is a defined benefit pension fund originally established to serve employees of the Albert Einstein...
Albert Einstein Medical Center Employees Retirement Plan
The Albert Einstein Medical Center Employees Retirement Plan is a defined benefit pension fund originally established to serve employees of the Albert Einstein Healthcare Network in Philadelphia. Its sponsor merged into Jefferson Health in October 2021, but the plan retains a separate fiduciary identity governed by a board of six trustees — Joshua Gross, Victor L. Johnson, Matthew S. Levitties, Roy Neff, Thomas N. Perloff, and Richard Sheerr — who direct its investment program. The plan is now a legacy obligation of the Jefferson Health system, affiliated with the Jefferson Health Foundation for philanthropic activity. The portfolio concentrates on direct real estate holdings, principally commercial and mixed-use properties in Pennsylvania and New Jersey. Confirmed assets include interests in AI Philadelphia Limited Partnership, a Philadelphia mixed-use vehicle; Mullica Hill Commons LLC, a commercial property in southern New Jersey; EPC-Allentown LLC and 1560 Pond Road LP, both commercial properties in the Lehigh Valley; 1760 Market Partners LP in Center City Philadelphia; Southside Real Estate LP; and Southpointe Two Lot 12 LP in Canonsburg, Pennsylvania. The geographic footprint stays tightly regional — Philadelphia metro, Allentown, and Pittsburgh-adjacent — with no indication of fund commitments or liquid-market exposure. The plan's reported strategy spans venture categories — early stage, seed, expansion, and late stage — though this likely reflects either misclassification or legacy definitions rather than active tech venture investing. Its known commitments are exclusively real estate. Additional involvement with the Waynesborough Country Club of Chester County suggests a network-oriented governance culture, typical of tightly held institutional plans with deep local ties. The plan's structural differentiator is its post-merger isolation: it operates as a separate, trustee-governed vehicle within a larger health system, making direct commercial real estate bets that are unusually concentrated and illiquid for a pension fund of its scale. That governance and asset-class focus do not resemble a conventional institutional LP.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Philadelphia
Corporate office
Philadelphia, PA, United States
Principals
Joshua Gross
Plan Trustee
Victor L. Johnson
Plan Trustee
Matthew S. Levitties
Plan Trustee
Roy Neff
Plan Trustee
Thomas N. Perloff
Plan Trustee
Richard Sheerr
Plan Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at the Albert Einstein Medical Center Employees Retirement Plan?
A board of six trustees — Joshua Gross, Victor L. Johnson, Matthew S. Levitties, Roy Neff, Thomas N. Perloff, and Richard Sheerr — governs the plan. Investment decisions appear to stay with the trustee group rather than an outsourced CIO or consultant-driven model, consistent with a small, locally managed pension.
Is the plan still tied to the original Albert Einstein Medical Center?
The sponsoring entity, the Albert Einstein Healthcare Network, merged into Jefferson Health in October 2021. The retirement plan continues as a legacy defined benefit obligation under the Jefferson umbrella but maintains a separate fiduciary and investment structure.
What asset classes does the plan invest in?
The plan's known holdings are direct commercial and mixed-use real estate across Pennsylvania and New Jersey. There is no public record of fund commitments, venture capital investments, or liquid securities exposure, despite a reported strategy that lists venture-stage categories — likely a classification artifact rather than an active venture program.
What real estate interests does the plan hold directly?
Direct interests include AI Philadelphia Limited Partnership in Philadelphia, Mullica Hill Commons LLC in New Jersey, EPC-Allentown LLC and 1560 Pond Road LP in the Lehigh Valley, 1760 Market Partners LP in Philadelphia, Southside Real Estate LP, and Southpointe Two Lot 12 LP near Pittsburgh.
Does the plan participate in fund commitments or only direct deals?
All verifiable activity is in direct real estate partnerships. There is no evidence of LP commitments to private equity funds, hedge funds, or venture capital vehicles, making the plan an outlier in pension portfolio construction for its scale.
What philanthropic structures are affiliated with the plan?
The Jefferson Health Foundation is the philanthropic vehicle tied to the plan's parent organization. The retirement plan itself is not a charitable entity, but its trustees and sponsor exist within the Jefferson Health ecosystem that supports foundation giving.
What is the plan's known posture on co-investments alongside external institutions?
The plan does not appear to co-invest alongside external institutional LPs in the conventional sense. Its direct real estate holdings are structured as partnerships with local developers and operators, reflecting a relationship-driven, single-asset approach rather than fund-level co-investment.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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