Newcore Capital Management
- Company typePrivate
- Founded2011
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
Newcore Capital Management firmographics
Firmographics- Name
- Newcore Capital Management
- Legal name
- Newcore Capital Management LLP
- Website
- https://newcorecapital.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Newcore Capital Management industry classification
Industry- Product category
- Real Estate Investment Management
- NAICS
- Other Financial Vehicles (525990), Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investors, Nec (6799), Investment Advice (6282), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industries
- Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Corporate Finance & Capital Advisory (BPAHADAB)
Keywords
Where Newcore Capital Management is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Newcore Capital Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management Fees: Newcore charges management fees on its managed funds (value-add and core-plus strategies). For NSS VI, fees are described as having modest financial leverage to ensure sustainable and stable returns through market cycles. Performance fees are subject to income tax under the UK HMRC regime ('on-shoring').
- Performance/Carried Interest Fees: Newcore earns carried interest on fund performance. For NSS V, target net levered IRR is 13-15% per annum. NSS VI aims for 12-14% net levered IRR per annum. The firm has voluntarily waived performance fees from its local impact fund NSSIP.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Newcore Capital Management product offering
Product offeringCore offering
Newcore Capital Management is a specialist UK real estate investment manager that invests in social infrastructure assets across sectors including education, healthcare, childcare, transport, waste management, storage, energy, and retirement living. The firm manages capital on behalf of institutional investors, UK Local Government Pension Schemes, family offices, and high net worth individuals through closed-end value-add fund series, an open-end core-plus income vehicle, a local impact fund, and bespoke separate account mandates.
Product overview
Newcore Capital Management is a specialist UK real estate investment manager focused exclusively on social infrastructure assets. The firm operates a multi-fund platform comprising: (1) the flagship Newcore Strategic Situations value-add fund series (NSS V at £190m, NSS VI at £300m hard cap), (2) the Newcore Social Infrastructure Income Fund (NSIIF), a £375m core-plus open-ended vehicle, (3) the Newcore Swansea Social Infrastructure Partnership, a £51m local impact fund with Swansea Council, and (4) core-plus separate accounts for family offices. All funds target essential service sectors including education, healthcare, childcare, transport, waste management, storage, and retirement living. The firm is B Corp certified and integrates ESG throughout its investment approach.
Differentiator
Problem solved
Functional benefit
Brands
- Newcore Strategic Situations (NSS): Flagship value-add fund series investing in UK social infrastructure real estate
- Newcore Social Infrastructure Income Fund (NSIIF)
- Newcore Swansea Social Infrastructure Partnership (NSSIP)
Products and services
- Newcore Strategic Situations VI (NSS VI) Latest flagship value-add fund in the NSS series, targeting UK social infrastructure assets through a 7-year closed-ended vehicle with a £300m equity hard cap, targeting 12-14% net levered IRR with maximum 40% LTV leverage across education, healthcare, childcare, transport, waste management, energy, and storage sectors.
- Newcore Strategic Situations V (NSS V) Fifth value-add fund in the flagship NSS series, closed at £190m equity, investing in UK social infrastructure real estate including education, healthcare, storage, life sciences, waste management, and transport with a target net levered IRR of 13-15% p.a. and sustainable leverage up to 30% LTV.
- Newcore Social Infrastructure Income Fund (NSIIF) Open-ended core-plus income fund targeting £375m in equity commitments, focused on functional UK social infrastructure real estate assets across healthcare, education, transport, and other social infrastructure sectors, targeting net returns of 9-11% per annum.
- Newcore Swansea Social Infrastructure Partnership (NSSIP) £51m local impact fund launched in partnership with Swansea Council and City & County of Swansea Pension Fund, delivering social infrastructure, social housing, and social care in the Swansea region over a ten-year vehicle targeting 8-10% p.a. IRR net of fees (performance fees voluntarily waived).
- Core-plus Separate Accounts Bespoke core-plus separate account mandates managed on behalf of family offices and institutional clients, currently representing approximately £100m of UK social infrastructure assets under management.
Quantifiable outcome
- 10.2% aggregate IRR delivered to investors since inception (2011)
- +7 more outcomes
Companies that use Newcore Capital Management
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles3 records
Newcore Capital Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Newcore Capital Management partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered supporting and core.
- Accord Europe LimitedsupportingAccord Europe Limited and its affiliates were appointed as placement agent for NSS V's £190m capital raise.
- Coutts Investment ClubsupportingCoutts Investment Club introduced high net worth individuals to invest in NSS V. Both Coutts and Newcore are certified B Corps, and Coutts viewed the opportunity as attractive given the specialist, award-winning manager with proven track record.
- Imperial College LondoncoreNewcore secured planning consent for Silwood Science Park redevelopment adjacent to Imperial College London's campus at Ascot. The development is integral to Imperial's growth plans at Silwood Park, which celebrates its 75th anniversary and is a world-leading hub for conservation, ecological and evolutionary research.
Scale indicators14 records
Recent moves6 records
Expansion highlights6 records
Newcore Capital Management competitors and assessment
Company assessmentDirect peers
- Civitas Social Housing PLC: UK-listed REIT focused on regulated social infrastructure including supported living, adult social care, and shared accommodation. Most direct comparable by asset class and social/impact thesis, though structured as a public REIT rather than a private fund manager.
- Triple Point Social Housing REIT: UK-listed REIT investing in social housing for vulnerable adults across supported living, specialist accommodation, and shared housing. Shares the social infrastructure/ESG mandate and institutional LP base, with overlapping focus on regulated, government-backed tenants.
- Impact Healthcare REIT: UK REIT focused on primary healthcare real estate leased to NHS-aligned operators and GPs. Directly comparable to Newcore's £100M NSIIF healthcare commitment and its 15-asset NHS Trust portfolio, sharing the inflation-linked, government-backed cash flow profile.
- Home REIT plc: UK REIT investing in high-quality, newly developed single-family homes for homeless and vulnerable people across the UK. Comparable by social infrastructure mandate and ESG positioning, though concentrated in social housing rather than diversified sub-sectors.
- InfraRed Capital Partners: UK-based infrastructure and real estate investment manager owned by Sun Life. Competes for the same institutional LP mandates (LGPS, pension funds) and runs comparable value-add infrastructure strategies, with overlapping senior talent network (Tim Thorp previously Partner at InfraRed before joining Newcore as COO).
Broad incumbents
- Schroders Capital Real Estate: Global real estate investment management arm of Schroders, offering institutional UK real estate strategies across core, core-plus and value-add. Competes for similar LGPS and pension fund mandates, with much larger AUM and broader sector coverage.
- CBRE Investment Management: Global real estate investment manager and one of the largest in the world. Competes for UK institutional real estate mandates across all risk profiles; Harry Savory (Newcore CIO) and Andrew Baum both previously held roles at CBRE GI/CBRE IM, indicating direct competitive and alumni overlap.
- Patrizia SE: European real estate investment manager with significant UK institutional real estate capabilities. Christine Milne (Newcore Finance Director) previously UK Head of Fund Services at Patrizia, and Purav Gudka joined Newcore from PATRIZIA SE, evidencing direct talent and competitive overlap.
- abrdn Real Estate Investors: UK-headquartered real estate investment manager (formerly Aberdeen Standard) managing core, core-plus and value-add UK strategies for institutional clients. Competes directly for LGPS and pension fund mandates, with Aberdeen Investments already an LP in Newcore's NSIIF.
Emerging players
- Federated Hermes Limited: Global investment manager with ESG-led real estate and infrastructure capabilities serving institutional clients. Comparable through shared focus on sustainability-led real assets and the institutional LP base, though with a broader and more global mandate than Newcore's UK-only social infrastructure focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Newcore Capital Management social profiles
Digital presenceNewcore Capital Management compliance and trust
Trust signalCompliance4 records
Newcore Capital Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Newcore Capital Management leadership team
Management profileNumber of profiles
Profiles19 records
Newcore Capital Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Newcore Capital Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Newcore Capital Management
What does Newcore Capital Management do?
Newcore Capital Management is a specialist UK real estate investment manager that invests in social infrastructure assets across sectors including education, healthcare, childcare, transport, waste management, storage, energy, and retirement living. The firm manages capital on behalf of institutional investors, UK Local Government Pension Schemes, family offices, and high net worth individuals through closed-end value-add fund series, an open-end core-plus income vehicle, a local impact fund, and bespoke separate account mandates.
Is Newcore Capital Management a public or private company?
Newcore Capital Management is a private company. It is classified as management employee owned and is currently operating.
When was Newcore Capital Management founded?
Newcore Capital Management was founded in 2011. It employs 11 to 50 people.
Where is Newcore Capital Management based?
Newcore Capital Management is headquartered in London, United Kingdom, in the Europe region.
How does Newcore Capital Management make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are performance/Carried Interest Fees.
Who are Newcore Capital Management's main competitors?
Direct peers on record are Civitas Social Housing PLC, Triple Point Social Housing REIT, Impact Healthcare REIT, Home REIT plc and InfraRed Capital Partners. Broad incumbents are Schroders Capital Real Estate, CBRE Investment Management, Patrizia SE and abrdn Real Estate Investors. Federated Hermes Limited is listed as an emerging player.
Does Newcore Capital Management have an API?
No public API is recorded for Newcore Capital Management.
What industry is Newcore Capital Management in?
Newcore Capital Management's product category is Real Estate Investment Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital). Its NAICS code is 525990 and its SIC code is 6799.