Aged Care Social Infrastructure Fund (ACSIF)

Aged Care Social Infrastructure Fund (ACSIF) is a core / core plus real estate vehicle managed by Northern Horizon, domiciled in Luxembourg and launched in 2024. It is structured as a Luxembourg SCSp operating under the RAIF regime and is classified as Non-ELTIF, so the ELTIF framework does not apply (N/A); the vehicle is marketed on a pan-European basis to professional investors only. The portfolio is denominated in EUR and the strategy centres on aged care and social infrastructure real estate, with exposure spread across the markets shown in .

The fund is open-ended, meaning capital is accepted on a continuing basis rather than through a fixed drawdown schedule, and redemptions are met from the vehicle rather than through a terminal liquidation. Subscription, redemption and valuation terms are set out in the fund documentation and are not disclosed here; investors assessing liquidity should note that an open-ended structure holding directly held real estate assets depends on asset-level disposals or available cash to fund withdrawals. The manager's fee arrangement includes a performance component, reported as , alongside the ongoing management charge. Fund size is reported as , with the direction of change over recent reporting periods shown in .

Within the Novantigo coverage universe of 494 vehicles as of 31 Jul 2026, the fund is one of 44 real estate strategies tracked, one of 347 domiciled in Luxembourg, and one of 31 that combine both characteristics, which is the relevant comparison set for its terms and fee structure. It is classified as Article 8 under SFDR, promoting environmental or social characteristics without a sustainable investment objective.