Social infrastructure real estate investment manager Newcore Capital has hired Tim Thorp as chief operating officer.
Thorp (pictured), who has more than 25 years’ executive experience in financial, operational and investment management across private equity real estate and infrastructure, was previously head of finance and operations at Panattoni Investment Management,
Prior to that, he held senior roles at ESR Europe, where he was chief operating officer, and at InfraRed Capital Partners (formerly HSBC Specialist Investments), where he spent two decades as head of European real estate finance and operations.
In his new role, Thorp will work closely with Newcore chief executive officer Hugo Llewelyn, focusing on capital raising, fund management, business operations, investor relations and debt financing.
Llewelyn 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 chief operating officer 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.”
Thorp added: “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.”
