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
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Peter Inge and Mark Fay keep buying: Retirement village acquisition spree continues
IPLiving, the retirement village platform backed by investment business Palisade Impact, has added its fourth village with the acquisition of Rosebud Village – a 105-unit community on Victoria’s Mornington Peninsula, 61km south of Melbourne’s...