General Board of Pension and Health Benefits of the United Methodist Church, Glenview, Ill., committed $50 million to the Hancock Timberland XII Fund, Dave Zellner, chief investment officer, said in an e-mail.
The commitment is part of a real asset allocation of the board’s $7.9 billion defined benefit plan.
The commitment is in addition to $50 million committed to the same Hancock Timber Resource Group fund by the Wespath Investment Management division of the GBOPHB for a $2.2 billion inflation-protection fund, which is used across the allocations of the board’s defined benefit fund as well as its $9.9 billion defined contribution fund and $2.4 billion in assets managed for other United Methodist-affiliated institutional investment management clients.
