Care Property Fund PLC

1. On a micro-level the UK’s ability to provide
appropriate public and privately funded health
care services in inextricably linked to the dynamics
of a population that is not only growing but
simultaneously aging thanks to improvements in
diet, medical science and working conditions.
By the end of 2016 we can expect the proportion
of over 65’s to have doubled since the early
1960’s. Moreover, the proportion of people in
the very elderly category (over 85’s) is increasing
much faster than the average population growth.
From 2001 to 2011 the 85-89 age category
grew by 22% over the ten year period whilst
the general rate of net population growth was
below 10%. The proportion of those aged
60-64 increased by a whopping 33% whilst the
proportion of those aged over 90 increased by
an equally impressive 28%
That translated into a real term increase in the
UK’s population of over 75’s of 425,000 people
between 2001 and 2011, many of whom will
eventually suffer from conditions associated with
old age requiring expensive medical intervention
or complex nursing care.
Background
...More people, living longer
• Launch date: February 2018
• Fund domicile: Isle of Man
• Fund type: specialist
• Objective: capital growth and income
• Fund structure: open ended investment
company
• Investment term: 5 years (reducing
redemption charge)
• Sector: Care property investment
• Minimum investment: 100k sterling
• Dealing: quarterly
• Administrator: Estera Fund Services (Isle of
Man) Ltd
• Sponsor: Holdingco Ltd
• Auditor: KPMG
• Initial charge: Up to 5%
• Management fee: 1%
• Target annual return: 7%
Key Information
www.propcarefund.com | Fund Fact Sheet | February 2018
Opportunity
The fund has negotiated a number of opportunities
to purchase both existing active profitable care
facilities plus development projects for new
facilities.
In addition, the fund has identified existing
operations who wish to enter into new
arrangements, whether by way of an institutional
lease, or via a management agreement structure,
thereby affording maximum flexibility for the fund.
Care Property Fund GP Ltd

2. Investment Rationale
The UK Care Home Market
There has been a huge increase in investor interest in alternative investment sectors and “Alternatives”, including
healthcare, accounted for 23% of all UK real estate investment activity in 2015.
Within the healthcare market, the care home sector is maturing as an investment class, as investors continue to be
attracted by the strong demographic factors underpinning demand. There is set to be a 22% rise in the number
of over 65’s by 2025; life expectancy continues to increase; retired people own £800bn of the UK’s housing
equity; the number of those suffering from dementia is projected to rise from 800,000 to 1,000,000 by 2020,
and there are only 530,000 long term care beds in the UK.
Over the past few years, the main driver of increasing values in the care home market has been the arrival of US
REITS. These educated investors, with a low cost of finance, not only invest in real estate, but can also buy debt
and invest in operating companies, and they have engineered some eye-catching deals in the UK.
The structural rise in user demand for elderly care is a key driver for investment into the sector.
The relatively small number of new homes being built - around 6,000 beds per annum - has heightened demand
further. As a recent study by HPC showed that development has accelerated since 2009 with Barchester, Care
UK, BUPA, Sanctuary and LNT / Ideal as well as many smaller operations all actively building for their own
occupation. However, it also revealed that as many older conversions, poorer quality first generation purpose built
homes and small scale homes have fallen out of the market, the result has been only a marginal net gain in overall
capacity over the last 10 years against a background of dramatically increasing statistical demand for care beds.
Investors willing to take on operational risk: funding the development of new homes and acquiring trading homes
to be run with operating partners on management agreements, may just see the best returns of all, and retain
maximum flexibility for eventual exit.
www.propcarefund.com | Fund Fact Sheet | February 2018
Specialist investment fund in the care living sector
Experienced team
Exposure to strong demand fundamentals of the care sector
Properties let national and local operations maximizing blended yield
Strong income distribution of a net 7% pa once fund established
Initial raise £20m

3. Fund Directors
Andy Robinson
Andy is a seasoned experienced business man and entrepreneur, who has been involved in
various businesses at senior board level positions for over 30 yrs. Primarily he has concentrated
in the Real Estate sectors including investment and development, having worked with both
national retailers and also private development companies. Andy has bought, let, built and sold
over 3m sq ft of property, which has included large format retail, high street retail, industrial
distribution and latterly residential both new build and conversions of existing large office
building under ‘permitted development rights’.
This form of development has required a deep understanding of legal, occupational and
institutional markets. He has been involved in large scale funding and banking arrangements
during the course of his career to date. Andy has run his own companies and has recently with
the backing of others started a construction business which has successfully gone from inception
to £75m turnover in 3 years. He has extensive contacts across a number of sectors and is a
regular public speaker at industry events.
Richard MacNee
Richard currently heads the business development function of a leading international fiduciary
business. Prior to this Richard held various roles in the asset finance industry for 20 years (a
large part of that time with Lombard - part of The Royal Bank of Scotland), where he was latterly
Managing Director of offices in the Isle of Man and Gibraltar.
Robert Kirkham
Rob has been a Principal with Baker Tilly Isle of Man since 2007. In addition to acting as
engagement partner on audit and assurance engagements he is a Director of their Fiduciary
Services Business providing advice and structures to high net worth individuals and companies
all over the world.
Note:
All of the directors act in a non-executive
capacity and are independent of the fund
Sponsor. The Directors occupy a fiduciary
position in relation to the Fund and are
under a duty to act in the best interests
of the Fund and in accordance with the
constitutional documents of the Fund. In
exercising and performing their duties as
directors, the Directors must act with all due
skill, care and diligence.
www.propcarefund.com | Fund Fact Sheet | February 2018
Investment Strategy
• The fund has identified several acquisition opportunities from green field
development through to established operating profitable care facilities.
• This strategy provides geographical spread thereby minimizing risk.
• All facilities will be operated by professional experienced operators.
• Where appropriate the fund will look to attract new opportunities and
operations through a management agreement provision. Similar to most
hospitality operations. Thereby providing flexibility in the operating model,
but also profit and asset value maximization.
• The fund will own the assets of the facilities.
• A five year investment horizon is planned.
• Target returns are 7% pa.
Contact Us
Andy@carepropfund.com
Invest@carepropfund.com