About the fund
The Australian Unity Future of Healthcare Fund aims to deliver long term capital growth by investing to support the future healthcare needs of Australians.
Australia’s ageing population creates an unprecedented opportunity to invest in healthcare. Together with the development of new technologies, the demographic trend drives demand that positions the sector for innovation, disruption and growth. Typical investment opportunities include: new preventative and remedial approaches, technology, devices, biotechnologies, life sciences, pharmaceutical advancements; new or expanded services businesses, and; the built-form capacity necessary to meet the future health and wellbeing needs of Australians.
Primary objective: To generate long term capital growth from providing strategic capital investment to address key issues of an ageing population, rise of chronic disease, disability, mental health and wellbeing and shortage of social and medical infrastructure in Australia.
Non-financial purpose: To enhance the wellbeing of Australians via investment in preventative and remedial healthcare services and health associated businesses and assets.
The Fund will leverage Australian Unity’s internal capability along with its strategic network in the identification of investment opportunities across the healthcare sector. The Fund’s strategic asset allocation (SAA) ranges are as follows:
|Venture capital and private equity
0% - 50%*
|Social infrastructure & health related real estate
0% - 40%
0% - 50%*
0% - 15%**
* In the early stages of the Fund, prior to the Fund reaching $200 million in net assets, the allocation to venture capital and private equity may be up to 60%, listed equities may be up to 100% and cash may be up to 25%. Following the Fund reaching $200 million in net assets, the allocation to venture capital and private equity will return to its strategic range of between 0% - 50%, listed equities will return to its strategic range of between 0% - 50% and cash will return to its strategic range of between 0% - 15%.
** When the Portfolio Manager is preparing to make an investment, the cash balance of the Fund may increase above the SAA range on a temporary basis.