Newcore Capital appoints Tim Thorp as COO

UK-based social infrastructure real estate investment manager Newcore Capital has appointed Tim Thorp as its new COO.

Tim Thorp

Thorp is a highly experienced finance and operations leader with over 25 years in private equity real estate and infrastructure. His background includes significant roles at Panattoni Investment Management (where he was head of Finance and Operations), ESR Europe (as COO), and InfraRed Capital Partners (where he spent 20 years, becoming a partner and head of European Real Estate Finance and Operations).
In his new role, Thorp will collaborate closely with CEO Hugo Llewelyn. His responsibilities will span capital raising, fund management, business operations, investor relations, and debt financing, while also overseeing the firm's daily activities and long-term strategic planning.
Thorp's expertise includes structuring investment funds, securing over €2.5 bn in debt, and developing investment management platforms and fund structures. He also has extensive experience with complex restructurings and managing acquisitions and disposals of funds and special purpose vehicles (SPVs).
Hugo Llewelyn, CEO, Newcore Capital, said: “Supportive long-term tailwinds combined with a liquidity squeeze in the capital markets since 2022 continues to present a compelling window of opportunity for investment in UK social infrastructure. Hiring a COO of Tim’s calibre marks an important step towards building on our strong track record in this regard, which has thus far consistently delivered outperformance for investors as well as significant positive environmental and social outcomes. Tim’s experience across both real estate and infrastructure, together with his deep expertise in fund structuring, governance, and operations, will help us scale efficiently while maintaining the high discipline and standards that our investors rightly expect.” 
Tim Thorp, COO, Newcore Capital, said: “Newcore’s longstanding focus on UK social infrastructure makes it a highly attractive conduit for private capital to access long-term, sustainable returns while creating a tangible positive societal impact. The firm’s commitment to financial, environmental, and social sustainability alongside its ability to provide strong returns for investors is a significant draw for me. I look forward to working with Newcore’s client partners and its dynamic, focused team in scaling these activities going forward.”
Newcore is actively investing from its fifth value-add fund, NSS V, which secured £190 mln (€218 mln) in 2023. Additionally, the firm recently introduced a new core-plus strategy, the Newcore Social Infrastructure Income Fund (NSIIF), aiming to raise £375 mln (€430 mln) after an initial close of £100 mln (€115 mln) this year.
Furthermore, Newcore has formed a partnership with Swansea Council for a £51 mln (€58 mln) local impact fund dedicated to developing housing and social infrastructure in the Swansea region. These efforts have boosted Newcore's total AUM across its value-add and core-plus funds to around £700 mln (€802 mln).