We are pleased to have partnered with Summer Housing as part of a consortium of impact investors that have injected $48m into 60 specialist disability accommodation (SDA) apartments.
Summer Housing has an innovative approach, acquiring 10 apartments within high amenity, larger, and well-located apartment developments and modifying these to enable a high level of accessibility to tenants. An eleventh apartment is acquired and used as a hub to provide 24/7 concierge support to residents. The model supports people with very high support needs to successfully live independently as part of the community with access to education and employment opportunities and most importantly, an ordinary life.
For Purpose Investment Partners Executive Director, Chris Yoo said: "Summer Housing is a uniquely placed provider in a high growth sector, with a strong and scalable model. We believe we have found a partner in Summer Housing that aligns with our culture and values, and we are excited about the opportunity to team up with The Paul Ramsay Foundation and Conscious Investment Management to provide the required capital to catalyse growth in this space."
Download a copy of the Summer Housing - August 2020 Press Release: Download
For Purpose Investment Partners founding Chair Don Luke has confirmed his planned retirement from the board will take effect at the end of June 2025. As the founding Chair, Don has been instrumental in shaping the direction, growth and guiding values of For Purpose.
Executive Director Michael Traill AM said "Don has brought passion, a practical and insightful depth of experience in all the things that matter to us at For Purpose and a deep belief in our mission and cause. His generosity of spirit and engagement has been fundamental from the outset. We would quite simply not be in the position of having a broad-based portfolio of investments in the sectors we wanted to make a difference in, with the potential to take the next leap of funding and growth to the institutional market, without his presence and guidance.
"Don’s unique background and perspective in having been a founding CEO at Sun Super through to his role of Chair at Australian Retirement Trust, and an impactful 5-year stint as CEO of Anglicare Queensland, speak to the heart of who he is; his thoughtful and measured approach has been significant to how we think about the world. I am deeply grateful for the experience and insight Don’s leadership has provided for myself and our team, and for the high standards he set in how we thoughtfully approach discussions and decisions."
Chair Don Luke said “It has been an enormous privilege to be the founding Chair of For Purpose and be part of establishing an organisation that is truly unique in its mission to combine the best of business and for-purpose thinking to create positive impact in social sectors. It has been an honour and a professional pleasure to work with the board and the management team.”
Don will continue to be involved in providing feedback and advisory support to For Purpose, a measure of his ongoing dedication to our mission of creating both financial value and social impact without compromise. Michael Traill will be stepping in as Executive Chair.
For Purpose Aged Care Australia has officially launched its new national brand, retiring the Luson and Signature Care names and unifying under one clear, purpose-led identity. As a leading national residential aged care provider, the rebranding exercise was driven by a need to consolidate the two existing entities into one brand with one mission — boldly stating our fundamental intent: to deliver exceptional care & meaningful ageing.
This is not just a name change — it is a defining moment for one of the country’s largest and fastest-growing not-for-profit aged care providers. With over 2,000 aged care beds under management and more than 800 new beds in development, For Purpose Aged Care is expanding access to high-quality aged care across Australia, particularly in underserved regional areas.
“Our new identity signals a clear commitment to who we are and why we exist,” said Group CEO Matthew Filocamo. “We are uniting under one name to better reflect our shared values and intent — to create communities that set the standard in aged care.”
Coinciding with the rebrand is the launch of For Purpose Aged Care’s new website: FPAgedCare.org.au. The platform offers a fresh, intuitive interface for families, residents, and staff to engage with the organisation, access services, and explore the story behind the new brand.
A Model Built on Measurable Social Impact
As a not-for-profit backed by For Purpose Investment Partners, a social impact investment fund, For Purpose Aged Care stands apart from traditional aged care operators. The organisation combines mission-driven values with the scale and efficiency of a high-performing commercial enterprise. Its unique model — where financial sustainability is aligned with measurable social outcomes — is externally verified and supported by institutional investors Qantas Super and Australian Ethical.
“Our structure allows us to invest meaningfully in our workforce, our residents, and the technology that improves care,” said Filocamo. “This isn’t just good for business — it’s good for Australia.”
For Purpose Aged Care has already delivered measurable results: increasing RN hours by 30%, reducing serious incidents to less than one-third the industry average, and reducing external complaints to one-quarter the industry norm.
“Our name may have changed, but our commitment to each resident and community remains steadfast,” Filocamo said. “We are building something bigger than just a brand — we’re building a movement to redefine aged care in Australia.”
Media Contact:
Communications Team
Phone: 0405 306 414
Email: Michelle.Moore@fpinvest.com.au
Website: https://fpagedcare.org.au
Catalyst Education Pty Ltd and For Purpose Investment Partners (FPIP) are proud to announce the acquisition of ARC Training, a NSW-based Registered Training Organisation (RTO) with a strong track record in aged care, disability care, and business training. This acquisition strengthens Catalyst’s ability to deliver high-quality, learner-focused education and ensure a well-trained workforce for Australia’s most vital care sectors.
"At Catalyst Education, we believe that education has the power to change lives. By welcoming ARC Training into our group, we are expanding our ability to support more learners, empower more communities, and provide greater opportunities for those pursuing careers in the care sector," said David Barnett, Chair of Catalyst Education. "This acquisition enhances our capacity to deliver high-quality, accessible training that equips people with the skills they need to make a real difference."
With this expansion, Catalyst Education is better positioned to support the increasing demand for skilled workers in the care industry. “I am grateful that Catalyst Education will be the new owner and steward [of ARC Training]. Our organisations have very similar vision and values, and I can see the group growing stronger together into the future”, said Cameron Ryan, previous CEO of ARC Training.
By integrating ARC Training’s expertise and reach with Catalyst’s existing RTOs - Selmar Institute of Education and Practical Outcomes, more learners will have access to nationally recognised, industry-aligned education that leads to meaningful employment.
"This acquisition is not just about growth - it’s about impact. The care sector relies on passionate, well-trained professionals, and we are committed to equipping learners with the knowledge, skills, and confidence to succeed in these critical roles," David added.
Executive Director of FPIP, Michael Traill said “Skills education is vital to the social sectors where we seek to make a difference through impact investment, including aged care and early childhood education and care. We are building impact at scale with a platform of aligned businesses and the combined strength of ARC Training and Catalyst Education means we will reach more learners and employers in the vital markets of NSW, SA and the ACT while generating long-term value for investors.”
This acquisition represents a shared commitment to ensuring that the care and education sectors continue to thrive and evolve. As part of Catalyst Education, ARC Training will continue to combine purpose with action, working to drive workforce development, strengthen communities, and create lasting impact. We are excited for the future and look forward to what lies ahead as we work together to create a stronger, more connected Australia.
For Purpose Investment Partners acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander people.
We believe that diversity, equity and inclusion at For Purpose Investment Partners are critical in our efforts to create significant social impact. Diversity in the team allows us to better represent the diversity of thought and experiences of the communities that we are aiming to serve, promotes a healthy and thriving working environment, and delivers innovative and sustainable outcomes for our communities, our people, our investors and our partners.
