Chris Yoo

Consortium of Impact Investors back Summer Housing

August 20, 2020

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

More articles

Call for social impact investing ‘wholesaler’ to attract capital

The new Labor Government has not yet responded to the Social Impact Investing Taskforce's report, but as the AFR indicates, there are high hopes the Albanese Government will be attracted to its suggestions for policy reform, including the creation of a “social investing wholesaler” to direct and coordinate investment.

Our Executive Director Michael Traill, who chaired the taskforce, said government could help to “catalyse and crowd-in more funding” for social impact investing.

Read the full article here.

Read Article

Social Investing: a conversation with Michael Traill AM

Our very own Michael Traill sat down with Alberto Lidji for a discussion on social investing in Australia, as part of the Do One Better Podcast.

The episode explores a range of topics including:

(1) An overview of philanthropy in Australia today.

(2) Going beyond grant-making and ensuring endowments are invested for impact.

(3) Do investment professionals genuinely value impact investing?

(4) How does a non-profit, impact investment manager actually work?

(5) How do you go about deal flow origination, and what does a deal look like?

(6) How do you go to market with an impact investment proposition?

(7) How will the impact investing market evolve in the coming years?

(8) Do most impact investment opportunities arise from private equity houses, philanthropic foundations, high net worth individuals, or elsewhere?

Read Article

What Andrew Thorburn is doing now

Former National Australia Bank boss Andrew Thorburn has re-emerged, joining a new originator and investor in deals to manage human services.

The new group, For Purpose Investment Partners, will seek to bring superannuation funding and corporate management skills into the aged care, mental health, disability, social housing and education sectors..

Read Article
Read all articles
Opening Soon

Invest with Us

Our Social Impact Fund I will open to new investors shortly, following a successful first close of $67m in December 2021.

To stay updated, enter your details below:

We've received your details, and will be in touch soon.
Oops! Something went wrong while submitting the form.
Target Fund Size
$150 million
Fund Structure
Closed-end Unit Trust
Fund Term
10 Years
Return Target (Post Fees)
9-10% p.a.
Real Asset Allocation
Management Fee
1.5% p.a.