# El Camino Health Surplus Cash Fund

El Camino Health Surplus Cash Fund is an Annuity / Liability / Surplus Fund based in Mountain View, United States.

## Overview

- **Organization type:** Annuity / Liability / Surplus Fund
- **Headquarters:** Mountain View, United States
- **Region:** North America
- **Address:** Mountain View, CA, United States
- **Founded:** 1961
- **Assets under management:** $100M–$500M (Altss estimate)
- **LinkedIn:** https://www.linkedin.com/company/el-camino-health

## Regulatory record

- **Reports private funds:** No

## About

The El Camino Health Surplus Cash Fund was established as the investment arm of El Camino Healthcare District, a public healthcare district serving Santa Clara County. CEO Dan Woods and CFO Carlos Bohorquez oversee the fund's strategy, which balances healthcare operational needs with investment returns (public record). The fund deploys capital across real estate, private equity, and infrastructure, with a liability-matching approach reflecting its hospital system origins. Notable holdings include Oaktree Real Estate Opportunities Fund VI, Walton Street Real Estate Fund VII and VIII. The fund targets both US and global opportunities, with investments spanning commercial, industrial, and mixed-use properties. The Surplus Cash Fund operates alongside the El Camino Health Foundation, a separate 501(c)(3) philanthropic entity. The fund's team size is not publicly disclosed, though it is managed by El Camino Health's finance leadership. In recent years, the fund has committed capital to the Women's Hospital Expansion Project in Mountain View, CA, reflecting its dual mandate of supporting hospital infrastructure and generating investment returns (per public filings, 2022). The fund's structural differentiator is its embeddedness within a public healthcare district — not a private family office or standalone endowment. This governance structure prioritizes liability-driven investing and capital preservation over high returns, with investment decisions closely tied to the hospital's operational and capital expenditure needs.

## Sectors

- Real Estate
- Private Equity
- Infrastructure
- Healthcare Services

## People

- Dan Woods — CEO
- Carlos Bohorquez — CFO

## Questions

### Who manages investment decisions at the El Camino Health Surplus Cash Fund?

Investment decisions are led by CEO Dan Woods and CFO Carlos Bohorquez of El Camino Health, who oversee the fund's strategy as part of the hospital district's financial operations (public record). External fund managers like Oaktree Capital and Walton Street execute the underlying investments.

### How is the Surplus Cash Fund structured relative to the hospital district?

The fund is an internal investment vehicle of the El Camino Healthcare District, a public entity. It is not a separate legal entity or family office, but rather a surplus pool managed by the hospital's finance team to support both operations and long-term capital needs.

### What investment types does the fund pursue?

The fund allocates to real estate (through funds like Oaktree Real Estate Opportunities Fund VI and Walton Street funds), private equity (e.g.

### How does the fund relate to the El Camino Health Foundation?

The El Camino Health Foundation is a separate 501(c)(3) philanthropic entity that supports the hospital through donations and grants. The Surplus Cash Fund is an investment vehicle for the district's surplus reserves, not a charitable endowment. Both serve El Camino Health but are structurally and mission-distinct.

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- [Drake Capital Advisors](https://altss.com/profile/drake-capital-advisors)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/el-camino-health-surplus-cash-fund

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