Octopus Real Estate surpasses $1b for U.K. healthcare fund

Octopus Real Estate has added £314 million ($434 million) to its evergreen Octopus Healthcare Fund (OHF), which will invest in a pipeline of high-quality care home assets across the United Kingdom.

The latest fundraise pushes the fund’s total value to more than £1 billion ($1.4 billion), according to Octopus.

A range of new and existing institutional investors from the United Kingdom, Europe and Japan participated in the recent fundraise. The vehicle has also attracted interest from U.K. local government pension schemes, including investments from Greater Manchester Pension Fund and the Brunel Pension Partnership pool.

Octopus Real Estate has more than £2 billion ($2.7 billion) in real assets and secured lending. The company currently manages a portfolio of 77 modern, purpose-built homes, including 13 properties under construction.

“The U.K. continues to face a severe undersupply of quality care homes,” said Michael Toft, co-head of care homes at