We are delighted to announce the acquisition of Able Foods, Australia’s leading specialist NDIS meal delivery business, on behalf of investors in our Social Impact Fund I. Previously owned by allied-health services provider Kinela, Able Foods provides Australians living with disability with access to high quality nutritionally-balanced meals, with exceptional service and delivery tailored to each customer’s specific needs. The full media release is available here.
People living with disability will on average suffer from poorer health and experience substantially higher rates of preventable chronic diseases than others. Challenges in accessing affordable, healthy nutritious food is a key contributing factor to this. Poorer physical health affects other aspects of life, reducing participation in work and the community. Able Foods seeks to break this cycle, providing a diverse range of healthy, affordable meals through an accessible, designed-for-disability service.
These ready-made frozen meals are designed specifically by dieticians to cater for the needs of people living with disability. Every meal is portion and calorie controlled, in line with Australian Dietary Guidelines and the Australian Guide to Healthy Eating, with texture modified options also available for people living with Dysphagia. Able Foods also offers individualised solutions including goal setting, meal plans, meals and clinical support and importantly, education to help customers develop healthier habits over the long term. As a specialist provider to NDIS participants, Able Foods also ensures that all components of its service are delivered in a disability-friendly manner. This includes specialist customer support teams over the phone, automatic claims for the NDIS funding for the meal, ensuring that all deliveries are accessible for customers, and easy to open packaging.
We are excited to build on the work of Able Foods’ founders, Karn Gosh, Spencer Ratliff and Dylan Alcott OAM, with the aim of growing the platform to impact the lives of even more people living with disability. There are a number of growth initiatives already identified in partnership with the management team, led by Spencer Ratliff and Elizabeth Brown, which we will seek to action during the course of 2023. Kinela Chairman Paul Robertson AO and Founder and CEO Karn Ghosh will continue to support the business for a period of time through the ownership transition while For Purpose Executive Director, Chris Yoo, and Managing Director, Victoria Adams, will sit on the Board of Able Foods.
For more information on Able Foods, please click here.
For Purpose Investment Partners (FPIP) has financed its fifth operational Specialist Disability Accommodation (SDA) home with BlueCHP in South Nowra, marking a milestone as our first property under the NDIS Appendix H framework.
Michelle Northcote, National Manager of Disability Housing said "Our BlueCHP NSW team visited South Nowra to proudly hand over the keys to Tammy and her family. As BlueCHP's first SDA home under Appendix H, this was certainly a special milestone."
The home enables Tammy, who needs daily care supports, to live with her family members - who do not require disability support – a simple arrangement that was not possible under previous SDA rules.
What is Appendix H?
Appendix H is a pricing arrangement introduced in the 2023-24 NDIS SDA rules that allows eligible participants to live with family members who aren't SDA-eligible.
Before Appendix H: SDA participants could only live alone or with other SDA-eligible residents, forcing families to separate.
With Appendix H: Participants receive adjusted funding to live with their partners, children or other family members in the same home.
Why it matters: Families stay together. Participants get the specialised housing they need.
BlueCHP’s unique participant-led approach works with NDIS participants to provide housing that is tailored to individual needs and provides long-term stability. This approach minimises vacancy risk and ensures homes meet specific requirements from day one.
The South Nowra property exemplifies this strategy. Backed by FPIP financing, BlueCHP worked to create a home tailored to Tammy's needs while keeping her family unit intact. The home sits in an established neighbourhood with strong community infrastructure
"Our investment strategy prioritises houses and villas in established locations with good amenity and access," explains Tim Shaw, Executive Director at FPIP. "For many tenants like Tammy and her family, these become forever homes. Delivering our first Appendix H home is an exciting milestone for all of those involves as we are supporting the family to live together.”
Together, FPIP and BlueCHP have a robust development pipeline supporting delivery of new SDA homes across eastern states. FPIP prioritises tenant-led, quality low-rise homes developed and managed with proven ethical partners. Our SDA platform exists to contribute to addressing the critical needs of over 9,800 NDIS participants awaiting suitable housing. Each SDA home we deliver is providing peace of mind for participants living with disability, their families and loved ones – we are delivering sustainable returns anchored in real social impact.
For Tammy and her family, it means something simpler: they are home, together.
Wednesday 24 September 2025 - Leading Australian impact investment manager For Purpose Investment Partners (FPIP) launched its third annual Impact Report with a panel discussion hosted by Michael Traill AM and featuring Allegra Spender MP Member for Wentworth, Ludovic Theau Chief Investment Officer at Australian Ethical Investments and Lin Hatfield Dodds, respected social and public policy leader.
Held at Yirranma Place Darlinghurst, the discussion 'Social Impact, Productivity & Capitalism 2.0: Are We Making Progress?' covered wide-ranging topics about FPIP's core offering, the 'S' in ESG and insights about economic productivity with a focus on social outcomes to ensure Australians can flourish.
Allegra Spender MP called for tangible results, reflecting on social sector outcomes: "People want to see outcomes that matter for people on the ground, in aged care, disability support – that's what matters to people and to politicians." From her recent participation in the Treasurer's Economic Reform Roundtable, she identified key barriers in the sector, saying "We need to address the barriers for super funds to invest into areas with good financial returns and social outcomes at scale, in a way that is going to be driving productivity and sustainability for this country."
Lin Hatfield Dodds focused on people's needs, reminding the audience that productivity is a systems concept and "the purpose of human services and social policy is human flourishing - we need to stay laser focused on purpose." She explained that "Service delivery should be focused on every person's human needs to connect, contribute, belong and be valued. People are our greatest asset, and we forget that at our peril."
Hatfield Dodds championed collaboration: "Good leaders recognise the importance of better together - that we can deliver greater public value by working together."
Ludovic Theau described Australian Ethical's commitment and leadership in ESG as being driven by convictions. "Our Ethical Charter forces us to innovate and value social success, we do emphasise performance and our partnership with FPIP is part of our work to nurture this ecosystem."
FPIP is demonstrating leadership in the Australian impact investment ecosystem through its transparent impact reporting. The latest report shares meaningful metrics, tracked over time and benchmarked against external indicators where possible. This approach, combined with insights and case studies from people across the portfolio who are accessing or delivering the services is a powerful demonstration of purpose.
The report is available here.
For Purpose Investment Partners is providing ~$7m financing, delivering peace of mind for eight NDIS participants and their families on Sydney's northern beaches
19 August 2025 - For Purpose Investment Partners (FPIP) has provided ~$7m in long-term mezzanine debt financing to support eight NDIS participants in their 'forever homes' at the Beacon Hill Disability Housing project on Sydney's northern beaches.
The financing follows the successful repayment of the project's $4 million construction debt and ensures the continued provision of safe, secure and purpose-built accommodation for residents with high support needs. The pilot project, established in partnership with the Sustainable Development Group (SDG) and Sydney Anglican Property, was completed in late 2024. Together, we transformed underutilised church-owned land into vital social housing infrastructure by providing Specialist Disability Accommodation (SDA).
"This long-term financing provides stability and certainty for the eight residents who call this place home," said Tim Shaw, Executive Director of FPIP. "Our partnership with Sydney Anglican Property shows how shared values and patient capital can create meaningful social impact. We're establishing a financial foundation that enables these residents to flourish in their community with the comprehensive support they deserve."
The Beacon Hill project exemplifies how purpose-driven investment can address critical housing shortages while supporting vulnerable Australians. The development provides high-quality, accessible homes designed for people with disability support needs.
"The Anglican Church is committed to using our land assets to serve the community and support those most in need," said Ross Jones, CEO of Sydney Anglican Property. "This partnership with FPIP has transformed unused church land into a lasting social asset that provides secure, dignified housing for the tenants. The successful refinancing ensures these residents have the certainty of a permanent home, while their families have peace of mind knowing their loved ones are well-supported.”
Evolve Housing manages the SDA property, while Fighting Chance provides Supported Independent Living (SIL) services. Together, they deliver comprehensive support that enables tenants to live independently in their community.
The project builds on FPIP's impact investment approach to drive sustainable financial returns alongside measurable social outcomes. We continue to work with mission-aligned partners to expand access to quality housing across Australia, including SDA and Social and Affordable Housing.
For Purpose Investment Partners acknowledges and pays respect to the past and present 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.
