Newcore expands into funeral care for its fifth social infrastructure fund
UK social infrastructure investment manager Newcore Capital has acquired seven assets in Greater London and neighbouring commuter towns for £25 million (€29 million) on behalf of its fifth fund. The transaction follows the £190 million (€218 million) final close for Newcore Special Situations V (NSS V), which is backed by investors including Merseyside and Clwyd local government pension schemes, two European fund-of-funds managers, insurance and corporate pension schemes, family offices and high-net-worth individuals. The assets purchased in Greater London include...