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COIF Charities Investment Fund
The COIF Charities Investment Fund was founded in 1962. Peter Hugh Smith serves as Chief Executive Officer of CCLA Investment Management, the entity that...
COIF Charities Investment Fund
The COIF Charities Investment Fund was founded in 1962. Peter Hugh Smith serves as Chief Executive Officer of CCLA Investment Management, the entity that operates the fund. The vehicle serves charitable organizations in the United Kingdom. The fund maintains an actively managed multi-asset portfolio. Equities form the primary allocation. Additional holdings include property, bonds, cash and alternative assets. Geographic exposure centers on the United Kingdom with supplementary positions across Europe. No specific portfolio companies or co-investors are named in available records. Jupiter Fund Management plc acquired CCLA Investment Management in February 2026. The fund lists commercial and industrial properties in locations such as Cannon Street in London and Magna Park in Lutterworth. Team size and total deployment figures remain undisclosed. The fund operates under a total-return mandate tied to UK CPI plus 5 percent. Governance includes a trustee structure with Kevin Andrew Richmond serving in that capacity.
General information
Firm type
Endowment
Year founded
1962
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Principals
Peter Hugh Smith
Chief Executive Officer of CCLA
Ben Funnell
Head of Investments at CCLA
James Corah
Head of Sustainability at CCLA
Kevin Andrew Richmond
Trustee of the COIF Charities Investment Fund
Sector focus
Frequently asked questions
Who runs investment decisions at COIF Charities Investment Fund?
Ben Funnell serves as Head of Investments at CCLA Investment Management. Peter Hugh Smith acts as Chief Executive Officer of CCLA. Investment policy is executed through the CCLA team.
What asset classes does the fund deploy into?
The portfolio centers on equities. It also holds property, bonds, cash and alternative assets. Geographic focus remains primarily United Kingdom with some European exposure.
How is the fund structured relative to its charitable clients?
The vehicle functions as a pooled endowment-style fund open to charities in England, Wales, Scotland and Northern Ireland. It does not operate as a single-family office or venture firm.
What recent ownership change affected the manager?
Jupiter Fund Management plc completed the acquisition of CCLA Investment Management in February 2026.
Does the fund maintain external association memberships?
It participates in the Association of Charitable Foundations, UN PRI and the Council on Foundations.
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