Broward Health Pension Plan

Broward Health Pension Plan

The Broward Health Pension Plan was established in 1966 as a noncontributory defined-benefit plan. It covers substantially all full-time and part-time eligible employees of Broward Health, a hospital district in Florida. The plan operates as a private-sector pension fund with assets managed to meet long-term benefit obligations. Allocations include private equity commitments to funds such as WAVE Equity Fund II, Trivest Discovery Fund, Sentinel Continuation Fund I, Trivest Growth Investment Fund II, Lexington Capital Partners VII, HGGC Fund V and Lindsay Goldberg VI. Public market exposure covers U.S. equity composites, international equity composites and fixed income composites. Geographic focus centers on the United States with additional holdings spanning global private equity strategies. Direct holdings include the Broward Health Medical Center Employee Garage and Broward Health Coral Springs Fourth Floor Build-out. The plan reports 392 million dollars in assets. It maintains relationships with service providers including Segal Marco Advisors, Congress Asset Management, Meketa Investment Group, Warren Averett and Corebridge Financial. The Broward Health Foundation, established in 1998, serves as the affiliated fundraising arm. Investment decisions flow through the Pension and Investment Committee chaired by Christopher J. Pernicano. The structure ties plan governance directly to the hospital district board rather than an external investment office.