# MedStar Health Pension Fund

MedStar Health Pension Fund is a Pension Fund based in Columbia, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Columbia, United States
- **Region:** North America
- **Address:** 10980 Grantchester Way, Columbia, MD 21044, United States
- **Founded:** 1989
- **Assets under management:** 1225 (Altss estimate)
- **Website:** medstarhealth.org
- **LinkedIn:** https://www.linkedin.com/company/medstar-health

## Regulatory record

- **Reports private funds:** No

## About

MedStar Health Pension Fund was established in 1989 to deliver retirement, disability and death benefits to employees of the MedStar Health system. The plan operates as part of the non-profit healthcare provider that runs multiple hospitals and research programs in the mid-Atlantic. The fund allocates 2.2% to private equity and holds roughly $525M in diversified hedge fund vehicles plus $70M in private equity positions with $2.2M unfunded commitments as of mid-2025. It also maintains a $735M allocation to institutional funds representing 21% of assets. Geographic reach centers on the United States with additional exposure through co-investments and fund commitments. Confirmed holdings include a limited-partner position in Zephyr AI. The plan reports 36,000 covered employees through the parent system. It maintains relationships with Northern Trust as custodian since 2005 and KPMG as auditor since 2020. The fund participates in HFMA Maryland Chapter events on treasury and investment topics. No additional offices are disclosed beyond the Columbia headquarters. The pension fund sits inside a non-profit healthcare system whose clinical partnerships, including long-standing ties to Georgetown University and professional sports teams, shape its investment and governance posture.

## Sectors

- Private Equity
- Hedge Funds

## People

- Joel Bryan — CIO

## Questions

### Who runs investment decisions at MedStar Health Pension Fund?

Joel Bryan serves as CIO. The fund follows allocation targets set by the plan sponsor and external advisors including T. Rowe Price.

### Does MedStar Health Pension Fund participate in fund commitments or only direct deals?

The plan uses both fund commitments and direct holdings. Private equity exposure includes $70M in vehicles plus a direct limited-partner stake in Zephyr AI.

### What investment stages does MedStar Health Pension Fund typically target?

The fund pursues growth, buyout, secondaries, special situations, early-stage and expansion strategies with a 10-to-20-year investment horizon.

### How is MedStar Health Pension Fund related to MedStar Health?

The pension fund is a dedicated retirement vehicle within the MedStar Health non-profit system and shares the same headquarters address in Columbia, Maryland.

### What is MedStar Health Pension Fund's known posture on co-investments alongside external GPs?

The plan maintains a co-investment strategy alongside its fund commitments and has executed at least one direct limited-partner position through Zephyr AI.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/medstar-health-pension-fund

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