A substantial investor in Australias largest private village operator, RetireAustralia, is Americas J.P. Morgan Chase bank. The investment is through its Hong Kong based fund Global Special Opportunities Group which has US$2.1B under management. New US banking laws that limit what they can invest in, especially the Volker rule, are about to come into effect. Four American private equity funds have been shortlisted to negotiate with. The sale is not expected to affect RetireAustralia. J.P. Morgan bought the original shares from AMP Capital
The Weekly SOURCE
“Not investable”: StewartBrown warns on aged care bed shortfall
StewartBrown’s March quarter 2024-25 Aged Care Financial Performance Survey has highlighted the looming shortage of aged care beds over the next 10 to 15 years, reinforcing the urgent need for sustained capital investment to meet growing demand...