Australian Unity’s Future of Healthcare Fund has raised over $45
million in seeding and early-stage investment, signalling growing
demand from investors wanting to access opportunities in
The first of its kind in the market, the Fund seeks growth by
investing across a range of asset classes and sectors in healthcare
opportunities and thematics that will enhance the health and
wellbeing of Australians.
The initial capital raised is being deployed into investments in
unlisted and listed companies at the frontline of developing
technological advancements in health — its unlisted investments
currently include Lumos Diagnostics, ImmVirX, Planet Innovation
and Clarity Pharmaceuticals.
Joe Fernandes, Chief Investment Officer, Australian Unity Wealth &
Capital Markets, acknowledged the support of early-stage investors,
with the majority of capital raised coming from self-managed super
funds and high net worth investors, as well as some institutional
“The strong interest shown by investors confirms support for
Australian Unity’s investment approach, broad experience and longstanding commitment to the health of Australians,” Mr Fernandes
“The Fund serves both financial and social objectives, and its focus
on social responsibility has resonated deeply with investors as we
look for meaningful ways to address the key long-term health care
issues impacting our population, from the rise of chronic disease to
the shortage of social and medical infrastructure.”
Victor Windeyer, Portfolio Manager, Future of Healthcare Fund, said
while early investments for the Fund have focused on
pharmaceuticals and biotechnology, there is a diverse and significant
pipeline of investment opportunities for the Fund.
As well as investing in built-form property and infrastructure
necessary to meet the future needs of Australians, typical
investments of the fund will include: innovative technologies,
devices, biotechnologies, life sciences, pharmaceutical
advancements; and expansion capital for new, preventative and
remedial services with high demand profiles and growth potential.
“Australia’s ageing population, the rapid development of new health
technologies, and the backdrop of a global pandemic creates an
unprecedented opportunity for investors to generate long-term
capital growth while contributing to the long-term wellbeing needs
of Australians,” Mr Windeyer said.
Following the initial raise period Australian Unity’s Future of
Healthcare Fund is now open to daily applications and it is targeting
a 12 per cent annual return measured over five-year periods. The
Fund expects to pay a distribution to investors every six months.