# Cedars-Sinai Health System Retirement Plan Cedars-Sinai Health System Retirement Plan is a Pension Fund based in Los Angeles, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Los Angeles, United States - **Region:** North America - **Address:** Los Angeles, CA, United States - **Assets under management:** $5.5B – $6.5B (Altss estimate) - **Website:** cedars-sinai.org - **LinkedIn:** https://www.linkedin.com/company/cedars-sinai-health-system ## Regulatory record - **Reports private funds:** No ## About The Cedars-Sinai Health System Retirement Plan functions as the pension vehicle for one of the largest nonprofit academic medical centers in the Western United States. Its investment office, led by Chief Investment Officer Pasy Wang, manages assets for employees of the flagship Cedars-Sinai Medical Center and its affiliated hospitals, including Huntington Hospital and Torrance Memorial Medical Center. The plan benefits from deep integration with the health system's executive leadership, with CFO David M. Wrigley serving as a key fiduciary. The portfolio is diversified across traditional and alternative asset classes. Real estate holdings include direct ownership of medical office, commercial properties in the Beverly Hills, Santa Monica and a recently completed replacement hospital facility. On the venture and private equity side, the plan co-manages Summation Health Ventures alongside MemorialCare Health System, a structure that allows both health systems to evaluate and invest in emerging healthcare technologies. Confirmed investment activity focuses on digital health and medical device companies where the sponsors can serve as clinical development partners. Team size and precise total deployment figures are not publicly disclosed. The investment office operates from the plan's Los Angeles headquarters, with no known additional offices. Governance is shared between the investment and finance arms of the health system, a model common among large nonprofit hospital pension plans. A related philanthropic entity, the Cedars-Sinai Medical Center Foundation, operates separately from the retirement assets. The plan's structural differentiation comes from its hybrid posture as both a fiduciary pension manager and a direct strategic investor. Through Summation Health Ventures, the retirement plan accesses deal flow typically reserved for specialized healthcare venture funds, using its parent system's clinicians and administrators to diligence and pilot new technologies. This operating-partner advantage — the ability to trial a startup's product inside a top-10 hospital — remains rare among peer pension funds. ## Sectors - Healthcare Services - Real Estate - Private Equity - Venture Capital ## People - Pasy Wang — Chief Investment Officer - David M. Wrigley — Executive Vice President and Chief Financial Officer ## Questions ### Who runs investment decisions at Cedars-Sinai Health System Retirement Plan? Pasy Wang serves as Chief Investment Officer, overseeing the plan's multi-asset portfolio. David M. Wrigley, the health system's Executive Vice President and Chief Financial Officer, is also a named business partner in governance. The plan is overseen by internal investment and finance leadership rather than an external OCIO. ### How does the plan access healthcare venture investments? The retirement plan participates in Summation Health Ventures, a joint venture with MemorialCare Health System. This vehicle sources deals in digital health and medical devices, leveraging both systems' clinical infrastructure to evaluate and pilot new technologies. It functions as an in-house corporate venture arm rather than a traditional LP commitment. ### Does the plan invest directly in real estate? Yes. A recently completed replacement hospital facility in Marina Del Rey also sits on the plan's books, reflecting a preference for owning healthcare-delivery real estate directly. ### What is the relationship between the retirement plan and Cedars-Sinai Medical Center? The retirement plan is the pension fund for employees of Cedars-Sinai Health System, the parent nonprofit that includes Cedars-Sinai Medical Center, Huntington Hospital, and Torrance Memorial Medical Center. It is a separate fiduciary entity but shares executive oversight with the health system's finance leadership. ### Does Cedars-Sinai Health System Retirement Plan take LP positions in outside funds? While the plan's full manager roster is not public, its direct investment activities through Summation Health Ventures and its real estate holdings suggest a preference for co-investment and direct ownership rather than exclusively fund-of-funds commitments. The plan's exact GP relationship disclosure is limited. ### Which sectors does the pension fund explicitly avoid or target? The plan targets healthcare services, medical devices, and digital health through its Summation Health Ventures platform. There is no public record of the plan excluding specific sectors, though its direct investing is concentrated where the parent health system holds a clinical information advantage. ## Related profiles - [CCI Nice Côte d'Azur](https://altss.com/profile/cci-nice-cote-d-azur) - [Cement Masons Pension Trust Fund for Northern California](https://altss.com/profile/cement-masons-pension-trust-fund-for-northern-california) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/cedars-sinai-health-system-retirement-plan Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology