Our Executive Director Michael Traill sat down with Vidit Agarwal on The High Flyers Podcast, to talk about his journey from humble beginnings, to co-founding Macquarie's private equity arm, jumping ship to Social Ventures Australia and the work he is doing now at For Purpose Investment Partners.
He discusses key learnings throughout his career in private equity, impact investing, first fund managers, Capitalism 2.0 and mobilising capital for social good while delivering financial returns, and the role that superannuation funds play in this.
Australia's superannuation system, projected to reach $9 trillion by 2040, represents an unprecedented opportunity to mobilise patient capital for social infrastructure that delivers both institutional grade returns and essential community services. The Economic Reform Roundtable presents a defining moment to unlock this pool of capital through proven investment models that align financial performance with measurable social outcomes. At For Purpose Investment Partners (FPIP), founded by Michael Traill AM, we have demonstrated that ethical, long-term investment in aged care, disability services, and education is delivering both financial and social value without compromise.
The Economic Reform Roundtable represents Australia's moment to lead. By aligning our world-leading superannuation system with proven impact investment models, we can demonstrate that superior financial returns and transformative social outcomes are not competing objectives - they are the twin engines of sustainable economic growth.
Read our full submission to the Economic Reform Roundtable, which includes our five recommendations to reform the economy through social impact investment.
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
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.
