Published 20th May 2020
A scalable investment fund looking to transform disability housing in Australia has secured $26.5 million after completing its second capital raise.
The capital from Synergis Fund, one of Australia’s first wholesale investment funds geared towards the disability housing sector, will be used to build homes for more than 100 people with disability through investments in Specialist Disability Accommodation (SDA).
The fund was established by Social Ventures Australia (SVA) and Federation Asset Management, with the aim of securing $1 billion in investments over the next five years.
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Source:Luke Michael, 2020, Probono Australia (https://probonoaustralia.com.au)
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