Pension Fund

Updated:

University Hospitals Health System Retirement Plan

University Hospitals Health System Retirement Plan was established to manage retirement assets for employees of its sponsoring health enterprise.

University Hospitals Health System Retirement Plan logo

University Hospitals Health System Retirement Plan

University Hospitals Health System Retirement Plan was established to manage retirement assets for employees of its sponsoring health enterprise. The plan operates under the oversight of the health system's investment leadership with no separate founding date disclosed. The plan allocates across equity funds, real estate and private equity. Holdings include Baillie Gifford Global Alpha Equities Fund and Baillie Gifford China A Shares Fund. Real estate exposure comes through DRA Advisors funds. Private equity commitments include Pritzker Private Capital, Blackstone and Asia Alternatives. Investments span the United States and Asia. The plan reports $867 million in assets. It uses Northern Trust and BNY Mellon as custodians and engages Baillie Gifford and Cambridge Associates for advisory services. No additional offices exist beyond the health system's Shaker Heights headquarters. The plan maintains no separate philanthropic vehicles. The retirement plan functions as a dedicated asset pool sponsored directly by University Hospitals Health System, Inc. Governance ties investment decisions to the health system's finance leadership rather than an independent family or endowment structure.

General information

Firm type

Pension Fund

Year founded

1866

Location

Region

North America

Country

United States

City

Shaker Heights

Corporate office

Shaker Heights, OH, United States

Principals

Daniel Schmitz

Vice President and Chief Investment Officer

Sector focus

HealthcareReal EstatePrivate Equity

Frequently asked questions

Who runs investment decisions at University Hospitals Health System Retirement Plan?

Daniel Schmitz serves as Vice President and Chief Investment Officer. He directs the plan's allocations across public funds, real estate and private equity.

Does the plan participate in fund commitments or only direct deals?

The plan makes commitments to external funds. Confirmed holdings include Baillie Gifford equity funds, DRA Advisors real estate funds and private equity vehicles from Pritzker Private Capital and Blackstone.

What asset classes does the plan hold?

The plan holds public equity mutual funds, real estate funds and private equity commitments. It also maintains liquidity positions in State Street money market funds.

Where does the plan source its investment managers?

The plan engages Baillie Gifford for equity mandates and DRA Advisors for real estate. It also commits to funds from Blackstone, Pritzker Private Capital and Asia Alternatives.

How is the plan related to University Hospitals Health System?

The plan is sponsored by University Hospitals Health System, Inc. as the retirement vehicle for its employees. The health system serves as the plan's parent organization.

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