Newcore Capital, the UK-focused real estate investment manager, has appointed Anne Copeland to head of institutional capital, a new role in its senior management team.
Copeland will work with chief operating officer Neil Sarkhel and other members of the senior team to form and manage funds for Newcore’s institutional clients, as it develops a residential capital management strategy targeting affordable housing.
She brings more than 29 years of experience to the role, having previously served as co-head of social infrastructure at Alpha Real Estate, where she spent nearly two years. Copeland has also held senior fund management roles at Aegon, Aviva, and Schroders, and led the development of specialist funds focused on social infrastructure, healthcare and housing.
The recruit is the eighth hire in the past year at Newcore, including the appointment of Charles Weeks as a senior advisor. The firm is focused on growing as a sustainable capital management social infrastructure investment business for institutional investors and family offices.
Copeland's addition also means that the investment manager has achieved an equal ratio of women to men in its senior management team.
Newcore Capital chief executive officer Hugo Llewelyn said in a statement: "Having known Anne since 1995, I highly regard her expertise in managing institutional capital. Her commitment to creating ethical, sustainable solutions in UK social infrastructure, social care and housing aligns perfectly with Newcore’s values.
"We have long sought an alternative to current social housing models, and Anne brings the shared vision, experience, and energy to achieve this."
The hire also follows the close of Newcore’s fifth value-add fund, Newcore Strategic Situations V, for £190 million and the launch of its core-plus fund, the Newcore Social Infrastructure Income Fund, that seeks to raise £375 million to address critical societal needs, with a first close expected during the final quarter of the year.