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Newcore Capital announces final close of £150 million value-add fund

13 September 2019

Newcore Capital Management, the alternative real estate investment manager, today announces the final close of Newcore Strategic Situations IV LP, a £150 million value-add fund.

Newcore has secured equity commitments of £84 million from institutional investors as well as its existing family office client base. The fund has so far invested £30 million for the fund in its target sectors of social infrastructure, storage and accommodation.

Newcore Strategic Situations IV LP continues the value-add strategy which Newcore has successfully executed since 2012 and follows the completion of the £40 million investment programme for its Newcore Strategic Situations III LP fund.

The fund will aim to deliver an annual 14-16% net internal rate of return to investors. Newcore was advised by CBRE Capital Advisors in the fundraising and by Osborne Clarke on the legal work.

Hugo Llewelyn, Managing Director of Newcore, said: “We are grateful for the level of institutional investor interest and support in our fourth fund. We are already building on that momentum with an active investment pipeline”.