• Newcore has appointed Anne Copeland as Head of Institutional Capital and responsibility for creating and managing funds for the firm’s institutional clients
• Copeland has 29 years of relevant experience – previously Co-Head of Social Infrastructure at Alpha Real Estate and at Aviva and Aegon – where she pioneered the development of healthcare and housing focused funds.
• Copeland will join officially in August.

Newcore Capital, a UK-focussed real estate investment manager specialising in social infrastructure, has created a new role in the senior management team by appointing Anne Copeland as Head of Institutional Capital. Copeland will work directly with Chief Operating Officer Neil Sarkhel and other members of the senior team, to create and manage funds for Newcore’s institutional clients.

Copeland brings with her over 29 years of experience to the role, having previously served as Co-Head of Social Infrastructure at Alpha Real Estate, where she spent nearly two years. Anne has also held senior fund management roles at Aegon, Aviva, and Schroders, and pioneered the development of specialist funds focused on social infrastructure, healthcare and housing.

Anne is the eighth hire in the past year – including the recently appointed Charles Week as a Senior Advisor – as Newcore continues to grow as a sustainable capital management social infrastructure investment business for institutional investors and family offices. Her addition has achieved a 50/50 male-to-female ratio within the senior management team.

Hugo Llewelyn, CEO, Newcore Capital, said: “We are delighted to welcome Anne Copeland to Newcore. Having known Anne since 1995, I highly regard her expertise in managing institutional capital.

“Her commitment to creating ethical, sustainable solutions in UK social infrastructure, social care and housing aligns perfectly with Newcore’s values. We have long sought an alternative to current social housing models, and Anne brings the shared vision, experience, and energy to achieve this.”

Anne Copeland, Head of Institutional Capital, Newcore Capital said:“This week marks a crucial turning point, offering a timely and incredible opportunity for patient capital to support society’s most vulnerable individuals.

“I am proud to join Newcore, where a deep sense of social purpose is ingrained both individually and collectively, reflecting their status as a highly regarded B Corp.”

This hire follows the close of Newcore’s fifth value-add fund, Newcore Strategic Situations V, for £190 million and the launch of its new core-plus fund, the Newcore Social Infrastructure Income Fund, that seeks to raise £375m to address critical societal needs, with a first close expected during Q4 this year.

• Former European and APAC real estate head at Barings to advise social infrastructure real estate specialist
• Charles Weeks will support Newcore Capital’s senior leadership in growing the manager’s investor base and partnerships
• Newcore is currently fundraising for The Newcore Social Infrastructure Fund, a core-plus vehicle targeting £375m in equity commitments

Newcore Capital, a UK-focussed real estate investment manager specialising in social infrastructure, has appointed Charles Weeks, previously Head of Real Estate for Europe and APAC at Barings, as a Senior Advisor.

Weeks will be advising Hugo Llewelyn, CEO, and the senior Newcore Capital team, on the further development and expansion of the Newcore business, with a focus on expanding the manager’s investor base and partnerships.

Weeks, who retired earlier this year, and Hugo Llewelyn, CEO of Newcore Capital, co-founded Protego Real Estate Investors in 2004. Together they successfully established and built the UK and European investment management business, which was acquired by Barings (then Cornerstone) in 2010. Weeks remained at Barings to continue to lead the growth of the Barings real estate enterprise in Europe, and later into APAC, while Llewelyn departed to start Newcore Capital.   

Charles Weeks, Senior Advisor: “It’s exciting to be reunited with Hugo and be working with his senior team in supporting the further development and growth of Newcore Capital. Newcore has already established a strong reputation in the real estate industry, thanks to their unique investment focus and emphasis on sustainability – environmental, social and financial – as well as the solid investment returns they have delivered for their institutional clients, despite the challenging market conditions we have seen witnessed in recent times”.

Newcore Capital is a specialist Alternatives Manager, focused on social infrastructure real estate. A typical investment would be an asset leased to service providers in the Education and Healthcare sectors. It is a Certified B Corp business and was recently rated the highest scoring real assets fund manager in the movement globally.

Newcore adopts a place-based investment strategy of turning disused or inefficient assets into real estate that serves socially productive uses with benefit to local environments. Target social infrastructure sub-sectors include clinical healthcare, education and childcare, storage, waste management, and transport.

In late 2023, Newcore announced the launch of a new core-plus investment vehicle, named The Newcore Social Infrastructure Income Fund, which is targeting £375m in equity commitments. The vehicle – the firm’s largest fund yet – aims to capitalise the strong underlying demand fundamentals for social infrastructure real estate at a time of market dislocation, while its size is indicative of Newcore’s belief in the positive investment outlook for the sector.

Newcore also manages a value-add fund series, Newcore Strategic Situations (NSS), and last year closed the latest vehicle, NSS V, with £190m of equity.

The manager is led by CEO Hugo Llewelyn, COO Neil Sarkhel, CIO Harry Savory and Chairman Professor Andrew Baum.

Hugo Llewelyn, CEO of Newcore Capital: “Charles will play a pivotal role in our mission to achieve sustainable growth for our business in the decade ahead. Charles brings a wealth of experience from running the Barings European and APAC businesses; and is well-respected in the real estate investment industry. These attributes will help us to build on the success of the business to date as we seek to consolidate our market leading position in real estate investment providing essential services to society.”