AUFM will also retire as trustee of the Fund and will be replaced by Perennial Investment Management Limited.

Fund managers Victor Windeyer and Sam Walker will join Perennial and will continue to manage the Future of Healthcare Fund portfolio in line with its investment objective.

Perennial Partners is a house of specialist investment teams that partners with investment people pursuing investment outcomes in segments where active management can add meaningful value. Perennial provides its investment partners with strategic, operational and distribution expertise, while allowing them to focus on managing money.

Specialist investment teams inside the Perennial stable include Perennial Private Investments (private to public markets), Daintree Capital (fixed income), Fairlight Asset Management (global small and mid cap equities), Perennial Better Future (ESG), Perennial Solutions Group (bespoke solutions for institutional funds), Perennial Value (Australian equities) and Perennial Smaller Companies (small and microcap Australian equities).

The Future of Healthcare Fund was established by Australian Unity to invest in emerging and innovative healthcare businesses and assets that address future healthcare needs and to deliver long-term capital growth to investors. Its portfolio includes Australian and global listed and unlisted companies in the pharmaceutical, life sciences, biotechnology and medical device sectors.

Anthony Patterson, Executive Chairman of Perennial Partners said: “We are delighted to welcome investors in the Future of Healthcare Fund to the Perennial family and want to reinforce to them that all the necessary resources will continue to be committed to the management of the Fund to ensure that investment opportunities in the healthcare sector can be captured.

“In particular, with fund managers Victor Windeyer and Sam Walker joining the Perennial team, continuity of management and investment strategy is ensured. Victor and Sam will be able to leverage from the substantial private markets deal flow that Perennial already enjoys which will benefit investors in the Future of Healthcare Fund.”

Ryan Banting, Executive General Manager-Social Infrastructure said Perennial is a highly regarded investment manager and the support it provides to specialist investment teams will enable the Future of Healthcare Fund to continue to realise opportunities and build scale. “Australian Unity is proud of the solid foundation we’ve established for the Future of Healthcare Fund over the past four years and its strong performance track record. While we’re transferring management rights to Perennial, Australian Unity remains a significant investor in the Fund and we look forward to its next stage of its growth” he said.

To support a smooth transition, Perennial Partners and Australian Unity have agreed to work together on transitional arrangements for the Fund.

For media enquiries contact:
Penny Bold, Corporate Affairs Lead, Wealth & Capital Markets
M: 0400 567 937
E: pbold@australianunity.com.au

About Perennial Partners
Perennial Partners Limited ABN 90 612 829 160 (Perennial Partners) is a house of specialist investment teams. We partner with outstanding investment people pursuing great investment outcomes in segments where active management can add meaningful value. The common thread is highly talented teams, solely focussed on discovering great investment opportunities.
We provide our investment partners with strategic, operational and distribution expertise and access to an investor base made up of financial advisers, wealth managers, institutional, high net worth and family offices, while allowing them to focus on managing money. Our ‘clients first’ culture underpins everything we do.

For more information, please visit: https://perennial.net.au

About Australian Unity
Established in 1840, Australian Unity is a member-owned wellbeing company with more than 385,000 members and more than 700,000 customers. Our range of health, wealth and care products and services provides member, customer and community value that is supportive of personal and community wellbeing.