Greater Manchester Pension Fund (GMPF) has committed £30 million ($39.75 million) to U.K. social infrastructure investment manager Newcore Capital’s core-plus strategy. The investment is split evenly between the Newcore Social Infrastructure Income Fund (NSIIF) and a regional sidecar, the NSIIF North West Co-investment Partnership (NNCP). The two vehicles provide GMPF with U.K.-wide exposure alongside a dedicated allocation ring-fenced for the North West of England and the wider Northern LGPS region.
NSIIF is a £375 million ($497 million) semi-open-end core-plus income fund investing in real estate supporting essential services across the United Kingdom The fund targets an annual net return of 9 percent to 11 percent, with annual distributions of 4 percent to 5 percent. In April 2025, NSIIF held a first close with a number of cornerstone investors, including Local Government Pension Schemes and the Parliamentary Contributory Pension Fund. In February 2026, NSIIF achieved
