U.K. real estate investment manager Newcore Capital Management LLP secured equity commitments of £84 million from institutional investors and its existing family office client base for its £150 million Newcore Strategic Situations IV LP fund, according to Property Funds World.
The fund has a value-add strategy, which Newcore Capital Management has executed since 2012. The investment manager completed a £40 million investment program for its Newcore Strategic Situations III LP in 2018.
The fund aims to deliver an annual net internal rate of return to investors of between 14% and 16%.
