Investor interest in aged care fund

Sydney-based fund manager, Spire Capital, claims it has received solid support from local investors for its US aged care private equity fund offered in partnership with US real estate investment manager Bridge Investment Group Partners. 

The product, the Spire USA Real Estate Opportunity Capital Seniors Housing and Medical Properties Fund is the second fund to be offered to Australian retail investors by the two companies and aims to raise $50 million as part of a $US600 million global capital raising. 

Bridge Investment Group invests in US aged care facilities which include independent living, assisted living, and facilities specialising in the accommodation of seniors with Alzheimer's, known as Memory Care facilities. 

Related News:

The company said that, to date, around $12.5 million has been received from Australian investors since late June. 

The Seniors Housing fund has received a 'Highly Recommended' rating from research and ratings house, Zenith. 

Recommended for you


Add new comment