Key Takeaways
- • Leadership appointment: Newcore Capital names Tim Thorp as Chief Operating Officer, effective September 2025, bringing 25+ years of executive experience in real estate finance, private equity, and infrastructure investment management.
- • Strategic focus areas: Thorp will drive capital raising, fund management, investor relations, debt financing, and long-term strategic planning alongside CEO Hugo Llewelyn, overseeing daily operations and platform development.
- • Track record in capital deployment: Thorp has structured and managed €2.5 billion+ in debt financing and managed platforms exceeding 200 SPVs, with demonstrated expertise in fund structuring and complex real estate transactions.
- • Firm momentum and AUM growth: Newcore is deploying its fifth value-add fund (NSS V, £190 million closed in 2023) and has launched a core-plus strategy (NSIIF) targeting £375 million, with total AUM reaching approximately £700 million across strategies including a £51 million local impact partnership with Swansea Council.
- • Prior leadership experience: Thorp transitions from Panattoni Investment Management (Head of Finance and Operations) and held COO roles at ESR Europe; earlier career included two decades at InfraRed Capital Partners (formerly HSBC Specialist Investments) as Head of European Real Estate Finance and Partner.
Summary
Newcore Capital, a UK-focused social infrastructure real estate investment manager, has appointed Tim Thorp as Chief Operating Officer, effective September 2025. Thorp joins from Panattoni Investment Management, where he served as Head of Finance and Operations. The appointment reflects Newcore's expansion phase as it scales capital deployment across multiple fund strategies and geographic markets.
In his COO role, Thorp will collaborate closely with CEO Hugo Llewelyn on capital raising, fund management, investor relations, debt financing structure, and business operations. His responsibilities encompass both daily operational management and long-term strategic planning for the firm. This positioning suggests Newcore intends to leverage Thorp's operational expertise to support rapid growth in its infrastructure investment platform.
Thorp brings substantial institutional experience to the role. Over 25+ years, he has held senior positions across leading real estate and infrastructure platforms. At ESR Europe, he served as Chief Operating Officer; at InfraRed Capital Partners (formerly HSBC Specialist Investments), he spent two decades as Head of European Real Estate Finance and Operations and served as a Partner. His track record includes structuring investment funds, originating and managing €2.5 billion in debt financing, managing platforms with over 200 SPVs, and executing complex restructurings and acquisitions.
Newcore is currently in an active deployment phase. The firm is deploying capital from its fifth value-add fund, NSS V, which closed at £190 million in 2023. More recently, it launched a core-plus strategy, the Newcore Social Infrastructure Income Fund (NSIIF), targeting £375 million with a £100 million first close achieved earlier in 2025. The firm has also secured a £51 million local impact partnership with Swansea Council focused on housing and social infrastructure development. These activities bring Newcore's total assets under management to approximately £700 million across its value-add and core-plus strategies, positioning the COO appointment as a critical operational hire to support further growth and institutional capital raising.
In his COO role, Thorp will collaborate closely with CEO Hugo Llewelyn on capital raising, fund management, investor relations, debt financing structure, and business operations. His responsibilities encompass both daily operational management and long-term strategic planning for the firm. This positioning suggests Newcore intends to leverage Thorp's operational expertise to support rapid growth in its infrastructure investment platform.
Thorp brings substantial institutional experience to the role. Over 25+ years, he has held senior positions across leading real estate and infrastructure platforms. At ESR Europe, he served as Chief Operating Officer; at InfraRed Capital Partners (formerly HSBC Specialist Investments), he spent two decades as Head of European Real Estate Finance and Operations and served as a Partner. His track record includes structuring investment funds, originating and managing €2.5 billion in debt financing, managing platforms with over 200 SPVs, and executing complex restructurings and acquisitions.
Newcore is currently in an active deployment phase. The firm is deploying capital from its fifth value-add fund, NSS V, which closed at £190 million in 2023. More recently, it launched a core-plus strategy, the Newcore Social Infrastructure Income Fund (NSIIF), targeting £375 million with a £100 million first close achieved earlier in 2025. The firm has also secured a £51 million local impact partnership with Swansea Council focused on housing and social infrastructure development. These activities bring Newcore's total assets under management to approximately £700 million across its value-add and core-plus strategies, positioning the COO appointment as a critical operational hire to support further growth and institutional capital raising.
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