# Children's Health

Children's Health is an Endowment / Foundation based in Dallas, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** 1935 Medical District Drive, Dallas, TX 75235, United States
- **Founded:** 1913
- **Assets under management:** Undisclosed
- **Website:** childrens.com
- **LinkedIn:** https://www.linkedin.com/company/childrenshealth

## Regulatory record

- **Reports private funds:** No

## About

Children's Health launched in 1913 as a pediatric care provider in Dallas. President and CEO Christopher J. Durovich now oversees one of the largest private not-for-profit children's hospital systems in the country, academically linked to UT Southwestern Medical Center. The system's wealth is tied to its real estate and a long-term investment pool rather than a single-family fortune. The organization's capital allocation spans healthcare real assets, operating businesses, and an institutional investment portfolio. Direct real estate holdings are the most visible deployment channel, including the flagship Children's Medical Center Dallas campus, a facility in Plano, and a specialty center on Stemmons Freeway. In a structural move that will lock up capital for a generation, Children's Health and UT Southwestern are jointly building a new 5-million-square-foot pediatric campus at Pogue Park, a project reported at $5 billion. Transport assets include a hangar at Dallas Love Field, a jet, a helicopter, and a ground fleet. Details on the liquid portfolio's asset-class mix are not publicly disclosed. Investment oversight has recently changed. Valbona Schwab was appointed Chief Investment Officer in 2026, taking responsibility for the endowment's financial assets. Governance sits with a board that includes Capitol Peak Partners co-founder Gregg Engles and Cresset Capital CIO Mike Silverman. The Children's Medical Center Foundation operates as the affiliated philanthropic vehicle and is connected to the Children's Miracle Network Hospitals system. The structural differentiator is the hybrid balance sheet: a vertically integrated healthcare operator that also functions as a long-horizon institutional investor. The foundation, business partnerships, and member networks create a sourcing landscape distinct from a standalone endowment.

## Sectors

- Healthcare Services
- Real Estate

## Offices

- Plano, TX, United States

## People

- Christopher J. Durovich — President and CEO
- Valbona Schwab — Chief Investment Officer

## Questions

### Who runs investment decisions at Children's Health?

Valbona Schwab was named Chief Investment Officer in 2026 and is charged with overseeing the system's investable assets. The board, which includes seasoned investors such as Cresset Capital CIO Mike Silverman and Capitol Peak Partners co-founder Gregg Engles, provides governance and investment oversight.

### How is Children's Health capital deployed outside of direct hospital operations?

Capital is allocated between a financial investment portfolio and direct commercial real estate. The most significant real-estate commitment is the new $5 billion pediatric campus at Pogue Park in Dallas, co-developed with UT Southwestern Medical Center. Beyond bricks and mortar, the system holds an institutional investable-assets portfolio.

### What is the relationship between Children's Health and UT Southwestern Medical Center?

UT Southwestern is the system's academic medical partner. The two institutions are jointly developing a new 5-million-square-foot pediatric campus in the Dallas medical district, replacing the existing Children's Medical Center Dallas facility. The partnership integrates clinical care, research, and medical education.

### What is the structural nature of Children's Health as an asset owner?

It operates as a private not-for-profit healthcare system, not a pension or sovereign fund. Its investment capital is generated from operations and fundraising rather than a single-family or state wealth pool, functioning as a perpetual endowment embedded within a large integrated clinical enterprise.

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

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