Aged care is no longer a niche of healthcare. It is core social and physical infrastructure — and Lion Capital Partners is built to invest in it with the rigour, patience, and operating discipline the sector now demands.
As investment manager of the LCP Australia Aged Care Fund, Lion Capital Partners brings a wide range of expertise and experience to identify, assess and manage aged care investments made by the Fund. Investments are evaluated against consistent principles: enduring demand, defensible cash flows, and asset bases that have the potential to compound through cycles.
The Fund's investment universe is Australian aged care businesses and aged care properties — pursued individually or as combined property-and-business interests. We are deliberately specialised, deliberately Australian, and structured for wholesale investors seeking exposure to a sector underwritten by demography itself.
The Fund is open only to qualifying wholesale investors. The Information Memorandum, Application Form and Fact Sheet are made available on request following an introductory conversation.
Australia is approaching the inflection point that policymakers have warned of for two decades. By 2030, the country will have more residents over 65 than under 18 — a structural reordering of national needs.
The 85-and-over cohort, those most likely to require residential or intensive in-home care, is the fastest-growing age group in the country. Its expansion is largely insulated from the volatility that affects most investment categories: it is driven by mortality decline and the simple arithmetic of cohorts already born.
For an investment manager, this is the rarest of inputs — a long-dated demand signal with very high confidence. The question is no longer whether the demand will arrive. It is whether the supply, the quality, and the operating capability can be built in time.
The Australian aged care market is forecast to nearly double over the next decade. Underneath the headline number is a structural shift: government funding is rising, regulation is being rewritten, and the most established providers are consolidating around scale.
For investors with operating expertise and a long-duration mandate, the dispersion of outcomes is widening. That dispersion is the opportunity Lion Capital Partners is structured to capture.
Purpose-built residential aged care property carries the characteristics investors prize in defensive real assets — and few of the elasticities that affect cyclical sectors.
A well-run aged care business compounds value where rent alone cannot — through service expansion, occupancy uplift, and operational margin discipline.
A new statutory framework, with strengthened standards, registration categories and accountability obligations, is now coming into force across the sector — favouring operators with capital, governance and scale.
Launched in November 2025, the Support at Home program simplifies in-home care funding and reorganises provider categories — creating a meaningful re-rating event for operators positioned for the new model.
FY25 saw $39.2 billion in government investment, up 9.6% on the prior year. A further $2.5 billion over five years is committed to lifting aged care nurse wages — recurring funding that flows to operating providers.
FY25 saw a 41% increase in people waiting for a package at their approved level, alongside a 6.3% rise in those receiving support — a clear signal of structural under-supply.
Industry analysis points to a need for thousands of additional residential aged care beds annually over the coming decades — a long-duration capital expenditure cycle that direct investment is uniquely positioned to address.
Higher compliance, wage and operating costs are pressuring sub-scale providers. The result is steady consolidation — and a transaction pipeline open to specialist capital with operating insight.