Church Commissioners

About Church Commissioners

The Church Commissioners for England manage the Church of England's historic endowment with £11.1 billion of assets under management as of December 2024 (~€13.2 billion, delivering a 10.3% return in 2024), headquartered in London. The body was founded in 1948 through the merger of Queen Anne's Bounty (established 1704) and the Ecclesiastical Commissioners (established 1836), operating as a statutory body managing the endowment as one of the UK's oldest institutional investors and a member of the Net Zero Asset Owner Alliance.

Investment thesis

The Church Commissioners deploy capital through an estimated 50 plus private equity, venture and private-credit fund commitments as part of a diversified multi-asset endowment, with the private markets programme spanning buyout, growth equity and venture capital fund commitments plus private credit, all under ethical and responsible-investment exclusions. Sector deployment is broadly diversified via funds with real assets in timberland, commercial property and infrastructure plus growth and venture exposure in technology and climate. Geographic deployment is global with significant UK real-asset and rural and forestry holdings.

Recent activity

Recent realised exits include private-markets realisations (2024) with private equity and venture valuations adjusting lower and private credit stronger. Recent acquisitions include new private equity, venture and private-credit fund commitments (2024-2025) plus an increased fixed-income allocation (approximately 10% of the fund). The platform continues active LP commitment deployment across the diversified endowment. Detailed buyer names and multiple data available on Pro at €49/month.