Newcore is a finalist at the 2025 LGC Investment Awards for Fund Manager of the Year

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Awards, News

date

August 22, 2025

We are delighted to share that Newcore has been shortlisted for Fund Manager of the Year at the 2025 LGC Investment Awards.

The LGC Investment Awards recognise standout performance, innovation, and best practice across the LGPS. This recognition reflects the strength of our growing partnership with the Local Government Pension Scheme (LGPS) community, a group whose long-term outlook and values deeply align with Newcore’s mission.

A huge thank you to our LGPS partners and peers. We look forward to continuing this important work together.

Congratulations to our team and the other finalists:

CBRE Investment Management
Gresham House
HarbourVest
I Squared Capital
Mondrian Investment Partners
Montanaro Asset Management
Quoniam Asset Management

For more information on the awards click here.

ESG & impact report 2024-2025 published

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News, Report

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August 14, 2025

Newcore is pleased to publish its 2024-2025 ESG and impact report which outlines the progress made over the past year across Newcore itself and our institutional funds, NSS IV and NSS V.

Read the report here.

This year’s report reaffirms our continued commitment to investing responsibly in UK social infrastructure, delivering risk-adjusted returns to pension fund and institutional clients, while enabling the delivery of affordable, socially useful, and environmentally resilient buildings all within governance-led fund structures.

These principles have not only guided our investment decisions but have also supported the successful raising of additional capital from investors who share our long-term outlook and values. We look forward to continuing these partnerships and updating you on their progress in next year’s report. Our focus on transparency and externally validated impact remains core to everything we do.

Key highlights include:

82% of assets are delivering positive social and environmental outcomes
Newcore’s contribution to achieving impact is medium / high for 74% of total assets
32 assets repositioned into social infrastructure
Over 2,000 nursery places and 500+ SEN school places created
900+ jobs created across educational assets
NSS V nearly doubled in size with 21 new acquisitions, mainly in healthcare (serving over 150,000 patients)
Carbon intensity reduction target tightened – implementing a new mid-term reduction target of 50% carbon intensity reduction by 2030
First close held for NSIIF, Newcore’s flagship income fund
Launch of NSSIP, a local impact fund with Swansea Pension Fund
Winner of Fund Manager of the Year and ESG Investor of the Year at the 2024 Property Week Awards

“This report captures our commitment to our three pillars around sustainable investing and demonstrates how long-term value creation comes from investing in assets that serve both people and the planet. It also shows the role that responsibly managed private capital can play in helping to close the gap in the UK’s social infrastructure by increasing its supply, improving its quality, and ensuring it is future-proofed,” Hugo Llewelyn, CEO & Founder.

Please contact us if you would like to discuss any aspect of the report with us.

Newcore has been shortlisted for LGPS Fund Manager of the Year and Property Manager of the Year at the 2025 LAPF Investments Awards

category

Awards, News

date

August 14, 2025

We’re proud to share that Newcore Capital has been shortlisted for LGPS Fund Manager of the Year and Property Manager of the Year at the 2025 LAPF Investments Awards.

A huge thank you to our dedicated team and supportive stakeholders who make recognitions like this possible. We look forward to the results on 2 October.

Congratulations to our fellow nominees:
– Gresham House
– HarbourVest Partners
– Robeco
– AlphaReal
– CBRE Investment Management
– Columbia Threadneedle Investments
– Pluto Finance

View the shortlist here.

Newcore has been shortlisted for UK Investor/Developer of the Year at the 2025 Estates Gazette Awards

category

Awards, News

date

July 31, 2025

We are delighted to announce Newcore has been shortlisted for UK Investor/Developer of the Year at the 2025 Estates Gazette Awards.

Congratulations to the other nominees:
-FORE Partnership
-L&G
-M Core
-Moorfield Group
-Oxford Properties Group
-Royal London Asset Management
-SEGRO
-Tritax Big Box
-Valor Real Estate Partners

We look forward to the results being announced on 20 November.

Newcore Capital X i3 – Investing with integrity: Why private players in infrastructure investment should have a social licence to operate

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Article, Featured, News

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April 9, 2025

Hugo’s recent column for i3 highlights the growing role of private capital in addressing the infrastructure funding gap, emphasising the need for long-term, sustainable investment practices. It stresses that infrastructure investments should avoid excessive leverage and high management fees to ensure stability and societal benefit. Examples like Thames Water show the risks of over-leveraging and underinvestment, which can lead to financial instability and social costs. The article advocates for a “social licence to operate” for infrastructure managers, ensuring ethical practices and long-term success. Proper management reduces risks and improves long-term returns for investors.

Read the full article here.

NSS V is named runner-up at the 2025 ESG Investing Awards for “Best Investment Fund: Real Estate”

category

Awards, News

date

March 12, 2025

Newcore’s latest value-add fund, Newcore Strategic Situations Fund V has recently been named runner-up at the 2025 ESG Investing Awards for Best Investment Fund: Real Estate.

NSS V was chosen by a panel of judges from a shortlist of seven other fund managers for its performance and positive societal impact it continues to generate.

We are thrilled with this recognition and look forward to building on this further over the years to come.

Congratulations to the other finalists (Bridge Investment Group, Thriving Investments, HIP Investor, Kayne Anderson Real Estate, Patron Capital, Resonance) and the winner Patrizia.

Newcore Capital X i3 – Earning trust and the social licence to operate

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Article, Featured, News

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March 6, 2025

By Kali Persall

Our CEO, Hugo Llewelyn recently spoke to Kali Persall at i3 to discuss the importance of both a social and financial licence to operate and how these have become a vital component of delivering successful infrastructure projects.

Establishing trust with local communities and stakeholders is crucial when delivering infrastructure projects, especially those that could impact local resources or the environment. A “social license to operate” refers to an unwritten agreement based on trust and ongoing approval from the community. While not legally binding, its importance is significant, as it can greatly influence a project’s success or failure. Losing this trust can harm a company’s reputation and make it difficult to regain. A strong social license signals that a company is focused on social and environmental impacts, reducing the likelihood of negative events and the reputational harm when they occur. Managing reputational risks well is key to maintaining a strong social license.

For Newcore, a social licence involves taking an ethical approach to capital management in infrastructure across four levels: at the asset level in terms of looking after stakeholders; at the fund level in terms of paying taxes, maintaining transparency and using appropriate leverage; at the manager level in terms of adopting a balanced approach in dealing with all stakeholders, including the environment and communities one works with; and at the principal level, with the behaviour of the owners of the business being consistent with the other tiers.

Read the full article here.

Newcore wins ‘Real Estate Firm of the Year (ESG)’ at the 2024 New Private Markets Awards

category

Awards, News

date

March 5, 2025

We are delighted to announce that Newcore Capital has won the Real Estate Firm of the Year (ESG) award at the 2024 New Private Markets awards. The awards recognise which fund managers are leaders in ESG across private equity, private debt, real estate, infrastructure and venture capital.

All of the winners in the ESG categories of the awards point to numerous instances of sustainability being a lever for value creation.

Newcore Capital X Property Week – North-South divide emerges for later living developers

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Article, Featured, News

date

February 24, 2025

By Greg Pitcher

Hugo Llewelyn recently spoke with Greg Pitcher from Property Week about the north-south divide in later-life housing development. In this sub-sector of social infrastructure, Newcore generally focuses on acquiring land for retirement housing, securing planning consent, and then selling to specialist developers. In the article, Hugo comments on the need for more land allocation for senior housing; and clearer guidelines on retirement housing planning classifications.

Read the full article here.

Investors in Healthcare X Newcore Capital – Hugo Llewelyn of Newcore Capital explains the attractions of investing in the UK’s primary healthcare sector

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Article, Featured, News

date

February 3, 2025

By Nick Herbert

Our CEO, Hugo Llewelyn recently spoke to Nick Herbert at Investors in Healthcare to discuss the attractions of investing in primary healthcare and why current market conditions make it a good time to take exposure.

Newcore has successfully invested in social infrastructure, including healthcare, for over a decade. The firm’s strategy focuses on acquiring under-utilised or vacant properties and refurbishing them for long-term use. It invests specifically in healthcare infrastructure, avoiding operational risks by leasing buildings to healthcare providers. In 2024, Newcore acquired 15 primary healthcare assets for £50 million, and is looking for further opportunities in the sector.

In this article, Hugo explains that primary healthcare is central to Newcore’s strategy because it’s essential for society and benefits from long-term demand. Newcore sees significant opportunity in refurbishing outdated healthcare infrastructure, especially as the NHS aims to reach net-zero emissions by 2040.

Read the full article here.

Tag: ESG

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