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Children's Minnesota
Children's Minnesota endowment — Sue Slocum invests CIO-led portfolio in early-stage venture capital, Twin Cities pediatric health system.
Children's Minnesota
Children's Minnesota runs its investment portfolio to support the operations of one of the largest pediatric health systems in the Upper Midwest. The endowment is led by Sue Slocum, who serves as Chief Investment Officer and Treasurer. The system itself is overseen by President and CEO Marc H. Gorelick, MD, a pediatric emergency physician who took the role in 2018. The wealth backing the endowment comes from the non-profit hospital's operating surplus and donations, not a single family. The endowment's strategy tilts toward venture capital, particularly early-stage funds, as reflected in its asset allocation. The portfolio includes commitments to venture capital partnerships, though specific fund names or co-investments are not publicly disclosed. The geographic footprint is centered on the Twin Cities region, where Children's Minnesota operates its main hospitals in Minneapolis and St. Paul, a clinic in Minnetonka, and commercial real estate holdings including the 2500 Block of Park Ave Properties and The Mother Baby Center, a joint venture with Allina Health. Clinical partnerships with Mayo Clinic and M Health Fairview further anchor the system's regional presence. The investment team size is not publicly detailed beyond Slocum's role. The system maintains the Children's Health Care Foundation, a philanthropic arm that accepts donations and likely funds charitable care. The endowment's AUM is not disclosed; an Altss estimate places it in the $100M-$500M range based on the system's annual operating revenue, which exceeds $1B, and typical endowment ratios for children's hospitals. A structural differentiator is the endowment's role as a captive investor for a single-purpose non-profit — its only mandate is funding Children's Minnesota's operations. This avoids the liquidity pressures of multi-family offices or the external fundraising demands of venture firms. The governance structure, with Slocum reporting to Gorelick, keeps investment decisions aligned with the health system's capital needs.
General information
Firm type
Endowment / Foundation
Year founded
—
AUM
Likely $100M-$500M (Altss estimate)
Location
Region
North America
Country
United States
City
Minneapolis
Corporate office
Minneapolis, MN, United States
Additional offices
St. Paul, MN, United States · Minnetonka, MN, United States
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 is the Chief Investment Officer and Treasurer, responsible for managing the endowment portfolio. She reports to President and CEO Marc H. Gorelick, MD. The investment team is small, reflecting the endowment's size and single-mission focus.
What is Children's Minnesota's investment strategy?
The endowment allocates predominantly to venture capital, with a focus on early-stage funds. The portfolio is designed to generate returns that support the operations of Children's Minnesota, a non-profit pediatric health system. The strategy is not publicly detailed beyond VC tilt.
Does Children's Minnesota participate in direct deals or only fund commitments?
The firm's record indicates allocations to venture capital funds, but direct investments are not documented. The endowment may make co-investments alongside fund managers, but no confirmed examples are publicly available.
How is the endowment related to Children's Minnesota the health system?
The endowment is the investment arm of Children's Minnesota, a non-profit health system with two hospitals and multiple clinics in the Twin Cities. Returns from the endowment fund the system's operations, including charitable care, research, and clinical programs.
What investment stages does Children's Minnesota target?
The endowment focuses on early-stage venture capital. Specific stage preferences within early stage (seed, Series A, etc.) are not publicly broken out.
Does Children's Minnesota have a philanthropic foundation?
Yes, the Children's Health Care Foundation raises and manages charitable donations separately from the endowment. The foundation supports programs, equipment, and care for children and families.
Where is the endowment's AUM publicly available?
Children's Minnesota does not disclose its endowment AUM. An Altss estimate places it between $100M and $500M, based on the system's operating scale and typical children's hospital endowment ratios.
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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