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Main Line Health
Main Line Health Retirement Income Plan was created in 1988 to deliver guaranteed lifetime income to staff of Main Line Health, Inc. The plan sits within a...
Main Line Health
Main Line Health Retirement Income Plan was created in 1988 to deliver guaranteed lifetime income to staff of Main Line Health, Inc. The plan sits within a health system that operates acute-care hospitals and outpatient sites in the Philadelphia suburbs. The plan holds a 22.95 percent allocation to private equity and maintains an LP position in Advent International Global Private Equity X. It also owns interests in Lankenau Ventures and participates in the Delaware Valley Accountable Care Organization joint venture. Geographic exposure centers on the United States with a concentration in Pennsylvania hospital real estate. The plan reports $1.49 billion in assets. Main Line Health, Inc. employs 14,000 people and maintains the Main Line Health Foundation as its philanthropic arm. No dated operational events from the last 24 months appear in available records. The plan operates through an investment committee that includes Joseph McLaughlin Jr. of The Haverford Trust Company and retains Cooke & Bieler as investment advisor since 1997.
General information
Firm type
Pension Fund
Year founded
1988
Location
Region
North America
Country
United States
City
Newtown Square
Corporate office
240 Radnor Chester Road Suite 200, Newtown Square, PA 19087
Principals
Ed Jimenez
President and CEO
Steven Higgins
Chair of the Board of Governors
Leigh Ehrlich
Executive Vice President and CFO
Joseph McLaughlin Jr.
Investment Committee Member
Sector focus
Frequently asked questions
Who runs investment decisions at Main Line Health Retirement Income Plan?
An investment committee that includes Joseph McLaughlin Jr. of The Haverford Trust Company oversees decisions. Ed Jimenez serves as President and CEO of the parent health system.
Does Main Line Health Retirement Income Plan participate in fund commitments or only direct deals?
The plan holds an LP interest in Advent International Global Private Equity X and maintains direct ownership of hospital properties through Main Line Hospitals, Inc.
Where does the underlying wealth come from?
Assets derive from employer contributions to the noncontributory defined benefit plan covering employees of Main Line Health, Inc.
What asset classes does the plan currently hold?
Private equity represents 22.95 percent of assets. The plan also holds municipal bonds issued by Main Line Health System and direct real estate interests in multiple hospital facilities.
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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