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Catholic Health Initiatives Operating Investment Program
Catholic Health Initiatives was established in 1996 as a Catholic not-for-profit healthcare organization. Its Operating Investment Program manages assets for...
Catholic Health Initiatives Operating Investment Program
Catholic Health Initiatives was established in 1996 as a Catholic not-for-profit healthcare organization. Its Operating Investment Program manages assets for the Catholic Health Initiatives Foundation and affiliated entities. The 2019 merger with Dignity Health created CommonSpirit Health. The program allocates to private equity and holds direct real estate positions including the Utah Hospital Portfolio under a 15-year master lease and the Douglas County Health Campus Land. Confirmed holdings include positions in Concert Health, Truveta and Clever Care Health through CommonSpirit Ventures. Geographic exposure centers on the United States with additional commitments to Generation Investment Management Climate Solutions Fund II. The program maintains relationships with Wilshire Associates as investment advisor and custodians including BNY Mellon, Northern Trust and State Street. It participates in industry groups such as the Healthcare Anchor Network. January 2026: Wright Lassiter III spoke at the J.P. Morgan Healthcare Conference on behalf of CommonSpirit Health. The investment program operates as the corporate treasury vehicle of CommonSpirit Health rather than an independent family office or fund manager, with allocations executed through CommonSpirit Ventures and direct property ownership.
General information
Firm type
Corporate Investor
Year founded
1996
AUM
19690 (Altss estimate)
Location
Region
North America
Country
United States
City
Boston
Corporate office
444 West Lake Street Suite 2500, Chicago, IL, United States
Sector focus
Frequently asked questions
Who runs investment decisions at the Catholic Health Initiatives Operating Investment Program?
Investment decisions sit within CommonSpirit Health leadership. Wright Lassiter III has represented the organization at industry conferences on investment topics.
Does the program participate in fund commitments or only direct deals?
The program makes both fund commitments and direct investments. Holdings include Generation Investment Management Climate Solutions Fund II and Beeken Petty O'Keefe Fund IV alongside direct real estate and venture positions.
What asset classes receive allocations?
Allocations include private equity at a current 0.6 percent weighting plus direct real estate and venture holdings through CommonSpirit Ventures.
Where does the underlying capital originate?
Capital originates from Catholic Health Initiatives operations and the Catholic Health Initiatives Foundation, now part of CommonSpirit Health after the 2019 merger with Dignity Health.
Which sectors does the program target through venture holdings?
Venture holdings focus on healthcare services and health data companies including Concert Health, Truveta and Synapticure.
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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