# Children's Hospital Medical Center Retirement Plan

Children's Hospital Medical Center Retirement Plan is a Pension Fund based in Cincinnati, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Cincinnati, United States
- **Region:** North America
- **Address:** Cincinnati, Ohio, United States
- **Founded:** 1961
- **Assets under management:** $1.0B - $1.5B (Altss estimate)
- **Website:** cincinnatichildrens.org

## Regulatory record

- **Reports private funds:** No

## About

The Children's Hospital Medical Center Retirement Plan was founded in 1961 alongside Cincinnati Children's, the academic pediatric medical center that now employs over 17,000 people. The defined-benefit plan covers eligible employees of the hospital, providing retirement, disability, and death benefits. It sits inside a broader financial ecosystem that includes the Cincinnati Children's Research Foundation and a supporting foundation, both of which maintain separate investment portfolios. Steve Davis has led the hospital as President and CEO, while Paul Jenny, as Senior Vice President of Finance and CFO, holds fiduciary oversight of the retirement assets. Strategy and deployment lean unusually broad for a mid-sized corporate pension. The plan allocates across buyout, growth equity, venture capital, distressed debt, secondaries, natural resources, and private credit — effectively running a multi-strategy private markets program. Fund-of-funds commitments appear alongside direct co-investments, and the plan has historically accessed CLO and mezzanine strategies. Public record confirms the hospital's total enterprise assets exceed $3 billion, giving the retirement plan's investment team leverage when negotiating fee breaks and co-investment allocations alongside larger institutional LPs. Amanda Vonderhaar serves as Plan Administrator, handling day-to-day operations, while COO Evaline Alessandrini manages the broader operational framework. J. Scott Anderson, the former Senior Vice President and CFO, previously shared fiduciary responsibility before Paul Jenny assumed the role. The plan does not publicly disclose headcount dedicated solely to investments, but the hospital's finance leadership appears to oversee asset allocation. Total plan assets, estimated at roughly $1.3 billion by Altss, place it in the mid-tier of US hospital-affiliated pension funds — large enough to access top-quartile managers, small enough to remain under the radar in co-investment syndicates. A genuine structural differentiator is the plan's embedded position within an operating hospital system. Unlike a standalone corporate pension, the plan benefits from Cincinnati Children's brand, its non-profit status, and the adjacent philanthropic assets of its supporting foundation — collectively creating a capital base that extends well beyond the retirement pool alone. This architecture allows the investment team to behave like a hybrid pension-endowment, blending the liability-driven conservatism of a defined-benefit plan with the opportunistic private-markets posture more common among university endowments.

## Sectors

- Buyout
- Growth
- Venture Capital
- Distressed Debt
- Secondaries & Special Situations
- Natural Resources
- Private Credit

## People

- Paul Jenny — Senior Vice President of Finance and Chief Financial Officer
- Amanda Vonderhaar — Plan Administrator
- Evaline Alessandrini — Chief Operating Officer
- Steve Davis — President and Chief Executive Officer

## Questions

### Does the plan invest directly or through funds?

Both. The plan's strategy tags include direct co-investments alongside fund commitments, fund-of-funds structures, and exposure to vehicles such as CLOs. This mix allows the team to manage fee loads while accessing specialized managers for niche strategies like seed-stage venture and distressed debt.

### What investment stages does the plan target?

The plan spans the full lifecycle: early-stage seed and start-up venture, growth equity, late-stage expansion capital, buyout, distressed debt, secondaries, and mezzanine. Natural resources and private credit round out a highly diversified private-markets allocation atypical for a pension fund of this size.

### How is the plan related to the Cincinnati Children's Research Foundation?

Both are financial entities under the Cincinnati Children's Hospital Medical Center umbrella. The Research Foundation manages philanthropic and grant-funded assets supporting pediatric research. The retirement plan operates separately as a defined-benefit employee benefit trust, but the shared leadership and institutional affiliation create potential co-investment alignment and manager-access spillovers.

## Related profiles

- [San Antonio Area Foundation](https://altss.com/profile/san-antonio-area-foundation)
- [Sheet Metal Workers' Pension Plan of Southern California Arizona and Nevada](https://altss.com/profile/sheet-metal-workers-pension-plan-of-southern-california-arizona-and-nevada)

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/children-s-hospital-medical-center-retirement-plan

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology