# Broward Health Pension Plan

Broward Health Pension Plan is a Pension Fund based in Fort Lauderdale, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Fort Lauderdale, United States
- **Region:** North America
- **Address:** 1800 Northwest 49th Street Suite 110, Fort Lauderdale, FL 33309, United States
- **Founded:** 1938
- **Assets under management:** 392 (Altss estimate)
- **Website:** browardhealth.org

## Regulatory record

- **Reports private funds:** No

## About

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. 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.

## Sectors

- Healthcare

## People

- Christopher J. Pernicano — Chair of the Pension and Investment Committee
- Paul C. Tanner — Vice Chair of the Pension and Investment Committee
- Shane Strum — President and CEO of Broward Health

## Questions

### Who runs investment decisions at Broward Health Pension Plan?

The Pension and Investment Committee, chaired by Christopher J. Pernicano with Paul C. Tanner as vice chair, oversees allocations. Jonathan K. Hage also serves on the committee.

### Does Broward Health Pension Plan participate in fund commitments or only direct deals?

The plan holds limited partner interests in multiple private equity funds including WAVE Equity Fund II and Trivest Discovery Fund. It also maintains direct ownership of real estate assets such as the Broward Health Medical Center Employee Garage.

### What asset classes does the plan currently allocate to?

Current allocations include private equity at roughly 12.76 percent, U.S. and international equities, fixed income and direct real estate holdings valued in the millions.

### How is Broward Health Pension Plan related to Broward Health Foundation?

The foundation, established in 1998, acts as the separate fundraising arm supporting healthcare programs while the pension plan remains focused on employee retirement benefits.

## Related profiles

- [Generational Wealth Advisors](https://altss.com/profile/generational-wealth-advisors)
- [Tosa Foundation](https://altss.com/profile/tosa-foundation)

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Last updated: 2026-07-08T21:10:37.296Z

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