Aged Care Fund IV
In the Nordic region, there is an increasing market demand for aged care facilities spurred by a rapidly ageing population. Aged Care Fund IV presents an attractive opportunity to capitalize on this long-term structural demand-supply imbalance for aged care facilities.
The fund is directed at institutional investors and other professional investors only.
Aged Care Fund IV invests in aged care homes and similar residential care assets in Sweden, Finland, Norway, and Denmark. The focus of the fund is long-term stable rental cashflow and it is not involved in the operational provision of care.
Highlights
2020
Vintage year
324m EUR
Committed equity
648m EUR
Investment capacity
29
Assets (committed)
Fund facts
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Fund name
Aged Care IV
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Fund structure
Non-public closed-ended
Luxembourg SCSp SICAV-RAIF -
Fund status
Closed for new subscriptions
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Investment profile
Aged Care properties in the Nordics
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Classification
Core/Core-Plus
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Vintage year
2020/2022 (final closing)
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Term
8 years from final close
plus 2 x 1-year extensions -
Investment period
3 years from final close
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Country allocation
Sweden, Finland, Norway, Denmark
Max. 75% in each country -
Sector allocation
Min. 70% care assets
Asset portfolio
Committed investments by country
45%
Denmark
31%
Sweden
24%
Finland
Mariehjemmene Odense
Frederikssund Senior housing
Attendo Frederikssund
Danske Diakonhjem Esbjerg
Mehiläinen Turku
JST Heinola
JST Riihimaki
Skurup Muni
Mönsterås Muni
Sustainability aspects
The value proposition of Aged Care Fund IV is a potential for long-term capital growth and a commitment to help solve a societal challenge by providing good quality living conditions for the seniors. As such, ESG is embedded in the investment objectives of the fund.
Environmental responsibility and ESG measures are also a key part of the investment selection process. In the investment period. Aged Care Fund IV is expected to build a large portfolio of modern aged care facilities that will be in a good position to meet ever increasing sustainability requirements of the future.
For more information about the fund's sustainability performance, please contact the fund management.
Aged Care Fund IV targets professional investors who are keen to have a presence in the social infrastructure space and who are attracted to the fund’s ambitious ESG-goals.
Altiden Holte
Investment case
Located in the Copenhagen suburb Holte, Altiden Holte helps to meet the demand for modern care homes in the municipality of Rudersdal. Altiden Holte is located very close to the city center and with the recent completion date, the property’s sustainability features, and a long lease agreement with a specialized operator, Altiden Holte ticks all the boxes in the investment strategy for Aged Care Fund IV.
Attendo Frederikssund
Investment case
Attendo Frederikssund is an elderly care home in Frederikssund, Denmark, offering residential care for 72 persons. The care home was acquired by Aged Care Fund IV in 2020. The care home is DGNB Gold certified.
Reporting and
assessment
Aged Care Fund IV
SFDR disclosure
Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector ("SFDR").
Fund management
Aged Care Fund IV is managed by a team with extensive experience from Nordic healthcare real
estate investments. The investment team is based in Stockholm, Helsinki, and Copenhagen.
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Kasper Wehner
Co-Fund Manager, Investment Director, Head of Denmark
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Jonas Nolin
Co-Fund Manager, Investment Director, Head of Sweden
