# Church Pension Group

Church Pension Group is a Pension Fund based in New York, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 19 East 34th Street, New York, NY 10016, United States
- **Founded:** 1917
- **Assets under management:** $16.9B (Altss estimate)
- **Website:** cpg.org
- **LinkedIn:** https://www.linkedin.com/company/churchpensiongroup

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1917, the Church Pension Group operates as the financial services arm for The Episcopal Church, providing retirement, health, and life insurance benefits to clergy and lay employees. CPG is led by CEO and President Mary Kate Wold, with Michael Hood serving as Chief Investment Officer. CPG deploys across venture capital, buyouts, distressed debt, natural resources, and real estate. The team participates in direct co-investments, fund commitments, and special situations. Known holdings include a dedicated sustainable forestry portfolio and a sustainable agriculture portfolio, alongside a commercial real estate asset at 19 East 34th Street in New York. The fund is a signatory of the Principles for Responsible Investment (PRI) and a member of the Ceres Investor Network, embedding ESG screens across its manager selection and direct allocations. The team operates from its New York headquarters and is an active participant in shareholder advocacy through membership in the Interfaith Center on Corporate Responsibility (ICCR) and the Council of Institutional Investors (CII). No recent fund closings or structural team changes have been publicly announced in the last 24 months. CPG’s architecture combines a pension guarantee model with active direct investing in real assets — a structure that sits apart from the typical endowment or corporate pension model by anchoring its capital to the long-duration liabilities of a single denomination’s benefit obligations, while simultaneously managing a direct real estate and farmland portfolio on its own balance sheet.

## Sectors

- Natural Resources
- Real Estate
- Private Credit
- Venture Capital

## People

- Mary Kate Wold — CEO and President
- Michael Hood — Chief Investment Officer

## Questions

### Who runs investment decisions at Church Pension Group?

Michael Hood serves as Chief Investment Officer, overseeing asset allocation and manager selection. CEO and President Mary Kate Wold leads the overall organization. Specific portfolio manager names or internal investment committee structures beyond the CIO are not publicly disclosed.

### How does Church Pension Group source its proprietary deal flow?

CPG sources investments through direct co-investments, fund commitments, and relationships with external general partners. Its membership in networks such as the Council of Institutional Investors (CII) and the Interfaith Center on Corporate Responsibility (ICCR) provides a distinct peer network for sourcing and collaborative investing opportunities.

### Does Church Pension Group make direct investments or only fund commitments?

CPG operates a hybrid model. It makes direct co-investments and holds real assets on its balance sheet, including a commercial building in New York and portfolios of sustainable forestry and agriculture. It also allocates capital through traditional venture capital, buyout, and distressed debt fund commitments.

### How is Church Pension Group related to The Episcopal Church Medical Trust?

The Episcopal Church Medical Trust is an affiliated benefits vehicle under the Church Pension Group umbrella. CPG administers health and related benefits for participating clergy and lay employees through this structure, alongside its retirement and insurance offerings.

### What is Church Pension Group’s approach to ESG and shareholder advocacy?

CPG is a signatory of the Principles for Responsible Investment (PRI) and a member of the Ceres Investor Network, integrating environmental, social, and governance factors into investment decisions. It is an active shareholder advocate through its membership in the Interfaith Center on Corporate Responsibility (ICCR), participating in corporate engagements on social and environmental issues.

## Related profiles

- [Bank of America](https://altss.com/profile/bank-of-america)
- [Air Canada Pension Master Trust Fund](https://altss.com/profile/air-canada)

---

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

Canonical page: https://altss.com/profile/church-pension-group

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology