# The Congregation of the Daughters of the Cross of Liege The Congregation of the Daughters of the Cross of Liege is an Endowment / Foundation based in London, United Kingdom. ## Overview - **Organization type:** Endowment / Foundation - **Headquarters:** London, United Kingdom - **Region:** Europe - **Address:** London, United Kingdom - **Assets under management:** Undisclosed - **Website:** daughtersofthecross.org.uk - **LinkedIn:** https://www.linkedin.com/company/the-congregation-of-the-daughters-of-the-cross-of-liege ## Regulatory record - **Reports private funds:** No ## About The Congregation traces its roots to 19th-century Belgium, with the English Province now headquartered in London. The entity's economic foundation rests on a portfolio of directly owned residential and commercial properties, rather than on liquid securities. Its London presence is anchored by St Wilfred's Convent in Chelsea, while Holy Cross Hospital in Haslemere represents its enduring interest in specialist healthcare provision. Asset allocation is overwhelmingly concentrated in direct UK real estate, spanning healthcare, mixed-use, and residential sub-classes. Known holdings include Holy Cross Hospital, a specialist facility in Haslemere, Surrey and a mixed-use site in Hertfordshire that supports an independent charity originally established by the Congregation. The residential book includes Joseph's Convent in North Cheam. In May 2024, Sister Kathleen O'Reilly assumed the role of Chair and Chief Executive, succeeding Sister Veronica Hagen — a leadership transition that coincided with the Congregation's gift of land and buildings to St Raphael's Hospice in Cheam, effectively externalizing another operating asset. Sister Kathleen O'Reilly operates without a publicly disclosed investment staff, relying on the Provincial Bursar for financial administration. The Congregation's grantmaking is executed through its Worldwide Fund, while its operational footprint is supplemented by active membership in the Conference of Religious in England and Wales and the Association of Provincial Bursars. These professional networks serve as de facto peer groups for governance and fiduciary practice among Catholic religious orders in the UK. This creates a constellation of independent entities that remain linked through trustee overlap, original mission, and occasional grants, while insulating the mother Congregation from direct operational liability. ## Sectors - Real Estate - Healthcare Services - Education ## People - Sister Kathleen O'Reilly — Chair and Chief Executive of the Charity, Provincial Superior - Sister Veronica Hagen — Former Chair and Chief Executive ## Questions ### Who runs investment decisions at the Congregation? The Chair and Chief Executive, currently Sister Kathleen O'Reilly, holds ultimate governance authority alongside the Provincial Bursar, who manages day-to-day financial administration. The Congregation does not publicly disclose an internal investment committee or external OCIO arrangement. Its primary asset management challenge is the direct stewardship of real property rather than portfolio allocation across liquid securities (Altss research). ### What does the Congregation's investment portfolio consist of? The Congregation's portfolio is dominated by direct UK real estate, including healthcare facilities like Holy Cross Hospital in Haslemere, mixed-use sites such as St Elizabeth's Centre in Hertfordshire, and residential convents at Tite Street, Chelsea and London Road, North Cheam. It also maintains an investment portfolio held at a UK-wide level, though details of its composition remain undisclosed (Altss research). ### How is the Congregation connected to St Raphael's Hospice and St Elizabeth's Centre? Both are now independent charities that the Congregation originally established. St Raphael's Hospice became fully independent in 2026 when the Congregation gifted it the underlying land and buildings in Cheam — a structural separation that formalized an existing operational relationship (Altss research). ### Does the Congregation make external grants, and if so, through what vehicle? Yes. International grantmaking is conducted through the Congregation's Worldwide Fund, though the scale and recipients of this giving are not publicly itemized. ### Where does the Congregation's wealth originate? The Congregation of the Daughters of the Cross was founded in Liège, Belgium, in 1833. The English Province's wealth has been accumulated over more than a century through bequests, gifts of property, and the historical operation of schools, hospitals, and care homes. Its current balance sheet reflects the retention and repurposing of these legacy real estate assets. ## Related profiles - [The Coca-Cola Company Master Retirement Trust](https://altss.com/profile/the-coca-cola-company-master-retirement-trust) - [The Ehime Bank](https://altss.com/profile/the-ehime-bank) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/the-congregation-of-the-daughters-of-the-cross-of-liege Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology