Aged Care Social
Infrastructure Fund
Aged Care Social Infrastructure Fund is the fifth healthcare fund managed by Northern Horizon. The fund is the result of a conversion of its third healthcare fund, Nordic Aged Care Fund, into an open-ended fund.
Aged Care Social Infrastructure Fund aims to invest in modern aged care homes and other social infra properties in Sweden, Finland, Norway, and Denmark.
The seed portfolio comprises 63 high quality, fit-for-purpose care properties located in Sweden and in Finland.
The portfolio will continuously grow in all the target countries with capital from existing and new investors.
The fund is directed at institutional investors and other professional investors only.
The Fund is not involved in the provision of care. Premises are leased to private and public care operators.
Highlights
2024
Vintage year
63
Assets
Fund facts
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Fund name
Northern Horizon Aged Care Social Infrastructure
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Fund structure
Non-public open-ended
Luxembourg SCSp SICAV-RAIF -
Investment profile
Aged care homes and other social infra properties in the Nordics
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Vintage year
2024
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Number of properties
63
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Total portfolio size
156,000 m2
With the launch of our fifth fund, Northern Horizon increases its long-standing commitment to address the shortage of modern care homes in the Nordics.
Asset portfolio
Investments by country
68%
Sweden
32%
Finland
Ambea Tierp
Ambea Nya Hovås
Ambea Laholm
Esperi Saga Lahti
Ambea Helsingborg
Ambea Brandbergen
Motala Municipality
Ambea Angered
Kristianstad Municipality
Humana Växjö
Investment case
Humana Södra Växjö is an elderly care home in Växjö, Sweden, offering residential care for some 72 persons. Skanska has developed the building, and Humana operates the care home under a 15-year lease agreement.
Sustainability aspects
Aged Care Social Infrastructure Fund represents a potential for long-term capital growth the opportunity to create social value in the Nordics. As such, ESG is embedded in the investment objectives of the fund.
The fund is aligned with SFDR Article 8, and ambitious sustainability targets have been set for the properties such as net zero operational carbon by 2030.
Reporting and
assessment
Aged Care Social Infrastructure Fund SFDR disclosure
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").
Fund management
Aged Care Social Infrastructure Fund is managed by a team with extensive experience from Nordic healthcare real
estate investments. The management team is based across Stockholm, Helsinki, and Copenhagen.
