Aged Care
Social Infrastructure Fund
Aged Care Social Infrastructure Fund is Northern Horizon's fifth and most recent healthcare real estate fund. ACSIF is the result of a conversion of its third healthcare fund, Nordic Aged Care Fund.
Like its predecessor funds, Aged Care Social Infrastructure Fund builds on the structural shortage of aged care facilities and other essential social infrastructure assets in Sweden, Finland, Norway, and Denmark. ACSIF invests in newly purpose-built properties with long useful lives and as well as forward purchase and forward-funding projects. The properties are leased to reputable private or public tenants under long-term agreements.
Aged Care Social Infrastructure Fund is an open-ended fund and one of the largest vehicles of its kind in Europe. The fund is directed at institutional investors and other professional investors only.
The portfolio currently comprises 76 modern, fit-for-purpose care properties located in areas with a current and projected shortage of care beds.
The asset portfolio will continuously grow with capital from current and new investors.
About the fund
-
Fund name
Northern Horizon Aged Care Social Infrastructure
-
Fund structure
Non-public open-ended
Luxembourg SCSp SICAV-RAIF
-
Investment profile
Aged care homes and other social infrastructure properties in the Nordics
-
Vintage year
2024
The Nordic region is facing a real demographic crisis and the need for new investments in modern care homes is pressing. Calculations show that until 2050, we will need over 185,000 net new care beds. Addressing this need is a major catalyst for our flagship Aged Care Social Infrastructure Fund.
Portfolio size
70
Properties in operation
6
Properties under contruction
201,278 m2
Total portfolio size
Portfolio split
Investments by country
58%
Sweden
30%
Finland
12%
Denmark
Attendo Jyväskylä
Kerttuli Vantaa
Solum Helsinki
Danske Diakonhjem Horsens
Danske Diakonhjem Nørager
Danske Diakonhjem Nyborg
Falun Municipality
Yrjö & Hanna Espoo
Attendo Espoo
Sustainability
ESG commitments
Aged Care Social Infrastructure Fund is aligned with Article 8 in the 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").
ACSIF represents a potential for long-term capital growth as well as the opportunity to create social value in the Nordics. As such, ESG is embedded in the investment profile of the fund.
ESG performance is a key part of the investment selection process. Assets are required to achieve BREEAM certification of Very Good level or equivalent in local certifications.
Humana Växjö
ACSIF investment case
Humana Södra Växjö is a modern aged care home in Växjö, Sweden, developed by Skanska and operated by Humana under a 15-year lease agreement. The care home offers residential care for 72 elderly. The building is certified as a LEED Platinum asset.
Fund management
Aged Care Social Infrastructure Fund is managed by a team with extensive experience in Nordic healthcare real
estate investment. The management team is based across Stockholm, Helsinki, and Copenhagen.
-
Jussi Rouhento
Partner, Fund Manager, Managing Director in Finland
-
Justas Zlatkauskas
Partner, Co-Fund Manager, Portfolio Management
