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NEWS Goldman Sachs AM invests in Australian disability housing fund
Publisher/s
IPE Real Assets
Author/s
Florence Chong
Abstract
Goldman Sachs Asset Management is to invest at least A$137m (€85m) in Synergis, a fund that invests in disability housing in Australia.
Synergis already has superannuation fund HESTA among its investors and hopes to raise enough capital to invest more than A$1bn over the next five years.
The platform aims initially to provide homes to more than 2,000 people with disabilities through a portfolio of properties that qualify as Specialist Disability Accommodation (SDA).
The Synergis fund is managed by Social Infrastructure Investment Partners (SIIP), a joint venture between Federation Asset Management and Social Ventures Australia (SVA).