Newcore Capital Management’s £150 Million Value-Add Fund Final Close


Osborne Clarke has advised Newcore Capital Management, the alternative real estate investment manager, on 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 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 Capital Management operates as a real estate investment management firm. The Company manages capital in real estate on behalf of institutional, pension funds, and private clients through funds and segregated accounts.

The Osborne Clarke team was led by Tim Simmonds (Picture), who was assisted by Rachael Clayden and Nick Dashfield.

Involved fees earner: Rachael Clayden – Osborne Clarke; Nick Dashfield – Osborne Clarke; Tim Simmonds – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: Newcore Capital Management;