The residential aged care sector has become a ‘no-go zone’ for most investors in recent years as the media scrutiny from the Aged Care Royal Commission and the ongoing financial and regulatory uncertainty drive away logical investors such as the super funds.

The few that have entered the sector – think Bain Capital’s purchase of Estia Health – are in it for a quick return – not a long-term investment.

Yet social impact investing firm For Purpose Investment Partners (FPIP) is raising significant capital from super funds and other investors – with ambitions to be a big player that is committed to the long-term.