Dexus raises $148m in new equity for its healthcare fund

Dexus has raised A$220 million ($148 million) for its healthcare real estate fund, Dexus Healthcare Property Fund (DHPF).

DHPF’s equity raise was fully subscribed, with existing investors accounting for circa 65 percent of the new capital.

The fund has a diversified register and has raised A$1.3 billion ($880 million) from 16 institutional investors since its inception in December 2017. The equity raise highlights strong investor interest in the fund’s high-quality healthcare portfolio and places DHPF in a strong position to pursue further acquisitions.

DHPF recently acquired a 9.95 percent interest in Celsus Holding Pty Ltd (Celsus), the consortium that manages and maintains the Royal Adelaide Hospital alongside Dexus Community Infrastructure Fund and Dexus Core Infrastructure Fund, further diversifying the fund’s investments to include a public-private partnership.

DHPF is an open-ended unlisted property fund providing wholesale clients with a hig