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Australian Unity’s Future of Healthcare Fund raises $45 million

05 May 2021

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 healthcare innovation.

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 funds.

“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 said.

“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.

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