Children's Hospital Boston Pension Plan

Children's Hospital Boston Pension Plan

The Children's Hospital Boston Pension Plan is the defined-benefit retirement vehicle for employees of Boston Children's Hospital. CIO Philip Rotner runs the internal investment office, which manages the pension pool alongside the hospital's broader endowment assets. Alison Svizzero, Director of Investments, focuses day-to-day on private equity and alternative allocations. The hospital itself operates as the primary pediatric teaching affiliate of Harvard Medical School, anchoring it in a dense local network of research institutions and life-science commercialization. Rotner's team pursues a multi-asset strategy spanning private equity, venture capital, real estate, and public securities. Known real-asset exposure includes 421 Park Drive, the Alexandria Center for Life Science in Fenway — a laboratory development built with strategic partner Alexandria Real Estate Equities. The plan has also participated in the Boston Acquisition Fund, a local investment vehicle. The geographic footprint concentrates on Boston and Cambridge, where the hospital's clinical and research operations create natural co-investment adjacencies to lab developers and spinouts from affiliated academic centers. The investment office remains lean, operating with a small team under Rotner and Svizzero. Philip Rotner extends the office's influence beyond internal portfolio management through his role on the Investment Committee of the Massachusetts Pension Reserves Investment Management (PRIM) Board, which oversees the state's roughly $100 billion public pension fund. Boston Children's Hospital leadership also participates in the Massachusetts Hospital Association, and the institution holds membership in FCLTGlobal, a network focused on long-term investment practices. The wholly separate Boston Children's Hospital Trust operates as the hospital's philanthropic fundraising arm. Rotner's dual service — full-time steward of hospital retirement assets and PRIM Investment Committee member — creates an unusual information architecture. The hospital plan sees the asset-allocation and manager-selection workflow from two vantage points: the concentrated, health-system-specific lens of an academic medical center and the diversified, state-scale lens of Massachusetts public pension investing. Few hospital pension CIOs hold a concurrent fiduciary role inside a major state pension board.