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Children's Minnesota
Children's Minnesota was founded in 1924 and has grown into one of the largest pediatric health systems in the country, operating two core hospitals in...
Children's Minnesota
Children's Minnesota was founded in 1924 and has grown into one of the largest pediatric health systems in the country, operating two core hospitals in Minneapolis and St. Paul alongside clinics and specialty centers across the Twin Cities metro. The system is led by President and CEO Dr. Marc H. Gorelick, while Sue Slocum serves as Chief Investment Officer and Treasurer, managing the organization's investable assets. Slocum's investment office runs a direct venture capital strategy focused on early-stage healthcare companies. The program targets innovations relevant to pediatric care delivery, medical devices, digital health tools, and clinical workflow technologies. The system also holds commercial real estate assets, including its flagship Minneapolis and St. Paul hospital campuses, a Minnetonka outpatient facility, and adjacent properties on Park Avenue in Minneapolis, forming a meaningful real-asset component within the broader portfolio. The organization extends its presence through clinical joint ventures and philanthropic structures. Partnerships include The Mother Baby Center with Allina Health, a cardiology collaboration with Mayo Clinic, and a nephrology program with M Health Fairview. The Children's Health Care Foundation serves as the system's affiliated philanthropic vehicle, raising and stewarding donor capital separate from the investment portfolio. The system holds Magnet designation for nursing excellence and maintains membership in the Children's Hospital Association. What distinguishes Children's Minnesota as an investor is its non-profit hospital structure running a direct venture program. Most health systems outsource venture exposure through fund commitments or limited partner stakes. Children's Minnesota deploys capital directly into early-stage companies, giving the investment office a sourcing lens tied to clinical demand signals that pure financial investors cannot replicate. The dual-entity structure — hospital operator plus in-house venture allocator — creates alignment between investment returns and the system's mission to improve pediatric outcomes.
General information
Firm type
Endowment / Foundation
Year founded
1924
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Minneapolis
Corporate office
Minneapolis, MN, United States
Additional offices
St. Paul, MN · Minnetonka, MN
Principals
Marc H. Gorelick, MD
President and CEO
Sue Slocum
Chief Investment Officer and Treasurer
Sector focus
Frequently asked questions
Who runs investment decisions at Children's Minnesota?
Sue Slocum serves as Chief Investment Officer and Treasurer, overseeing the system's investment portfolio, including its direct venture capital program. Dr. Marc H. Gorelick, President and CEO, holds ultimate executive authority over the organization's strategic and financial direction. Investment decisions are made within the context of a non-profit health system, meaning return objectives are balanced against the clinical mission.
How does Children's Minnesota source its venture investments?
The system's clinical footprint provides a proprietary sourcing advantage. Pediatric specialists and operational leaders identify pain points and emerging technologies directly relevant to patient care, which the investment office can evaluate for venture backing. The organization's partnerships with Mayo Clinic, Allina Health, and M Health Fairview also create collaborative channels for identifying innovations worth funding.
Is Children's Minnesota structured as a single family office or a health system endowment?
Neither. Children's Minnesota is a non-profit pediatric health system that operates an in-house investment office managing its treasury assets, venture capital allocations, and commercial real estate portfolio. It does not function as a single family office, nor does it operate as a standalone endowment in the university model. The investment program serves the system's balance sheet and mission rather than external beneficiaries or a donor pool.
What investment stages does Children's Minnesota typically target?
The venture program targets early-stage investments in healthcare and related technologies. There is no public evidence of later-stage growth equity or buyout activity. The focus remains on companies where the innovation has direct applicability to pediatric clinical settings, medical devices, or hospital operations.
Does Children's Minnesota maintain philanthropic structures, and how are they separated?
Yes, the Children's Health Care Foundation operates as the system's philanthropic arm, raising funds from donors and community supporters. The foundation's assets and governance are maintained separately from the investment office's portfolio under Sue Slocum, preserving the firewall between donor-restricted charitable capital and the system's operating and investment assets.
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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