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Octopus Healthcare raises £85m for real estate fund

Healthcare property investor Octopus Healthcare’s open-ended UK healthcare real estate fund has completed a quarterly fundraising of more than £85m in January.

So far the fund has raised more than £167m since its launch at the end of last August.

The fund, launched following the conversion of the MedicX Healthfund vehicle to an “evergreen” structure last August, is focused on UK elderly care homes, a strategy Octopus Healthcare has pursued since 2010 and through which it has deployed £400m.

The fund also has the ability to invest in specialist healthcare facilities, and has an existing portfolio, including forward commitments, of £143m.

Ben Penaliggon, senior fund manager of Octopus Healthcare, said: “The fund is proving an attractive vehicle for investors to obtain diversified exposure to the UK healthcare sector.”

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