Northern Horizon, specialized healthcare asset manager, today announced that the firm has successfully completed the conversion of its third healthcare fund into an open-ended fund. With the launch of the evergreen fund, Northern Horizon Aged Care Social Infrastructure SCSp SICAV-RAIF, Northern Horizon increases its long-standing commitment to address the shortage of modern care homes in the Nordics.
‘Aged Care Social Infrastructure Fund’ is the fifth healthcare fund managed by Northern Horizon. The fund is backed by equity commitments from follow-on investors and welcomes new equity capital from clients of The Townsend Group as well as a new cornerstone investor - UBS Asset Management’s Real Estate & Private Markets Multi-Managers business.
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.
Source: press release