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Northwell Holdings
Northwell Holdings operates as the investment vehicle for the Northwell Health Pension Plan. The plan was established in 1966 and provides defined-benefit...
Northwell Holdings
Northwell Holdings operates as the investment vehicle for the Northwell Health Pension Plan. The plan was established in 1966 and provides defined-benefit coverage to health system employees and affiliates. Richard Mulry serves as President and CEO of the holdings entity. The plan allocates across private equity, early-stage venture, and direct holdings. Confirmed positions include Clarapath in medical robotics, Ascertain in healthcare AI via the Aegis Ventures platform, and limited partner stakes in Builders VC Fund II, Hume, Prolucent, Playback Health, Memora Health, Health Note, and Violet. Activity centers on the United States with emphasis on the New York metropolitan area. The plan reports seven professionals. Northwell Health maintains the Northwell Health Foundation, established in 1999, which directs giving toward research and capital projects. In January 2025 the firm attended the J.P. Morgan Healthcare Conference. The structure links pension assets directly to the operating health system through Northwell Health, Inc., enabling co-investment alongside Aegis Ventures in company-creation vehicles rather than pure fund commitments.
General information
Firm type
Pension Fund
Year founded
1989
Location
Region
North America
Country
United States
City
Westbury
Corporate office
972 Brush Hollow Road, 5th floor, Westbury, NY, United States
Principals
Richard Mulry
President and CEO of Northwell Holdings & Ventures
Michael J. Dowling
President and CEO of Northwell Health
Michele Cusack
Executive Vice President and CFO of Northwell Health
Sector focus
Frequently asked questions
Who runs investment decisions at Northwell Holdings?
Richard Mulry serves as President and CEO of Northwell Holdings & Ventures. Michael J. Dowling is President and CEO of the parent Northwell Health system.
Does Northwell Holdings participate in fund commitments or only direct deals?
The plan holds both limited partner interests, such as in Builders VC Fund II, and direct ownership positions including Clarapath and Ascertain.
What investment stages does Northwell Holdings typically target?
The firm targets early-stage seed and start-up opportunities as well as expansion and growth rounds in healthcare technology.
How is Northwell Holdings related to Northwell Health?
Northwell Holdings functions as the for-profit venture investment arm of Northwell Health and manages assets of the Northwell Health Pension Plan.
Where does the underlying wealth come from?
Assets derive from the noncontributory cash balance defined-benefit plan sponsored by Northwell Health, Inc. for its employees and affiliates.
Does Northwell Holdings maintain philanthropic structures?
The Northwell Health Foundation, established in 1999, operates as the separate philanthropic arm focused on modernization, acquisitions, and research.
What is Northwell Holdings known posture on co-investments alongside external GPs?
The firm co-invests through the Aegis Ventures joint venture platform, including the Ascertain company creation vehicle.
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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