For Purpose Investment Partners (FPIP) and For Purpose Aged Care Australia (FPACA) have secured a Social Loan with Bank Australia, Commonwealth Bank of Australia (CBA), National Australia Bank (NAB) as Joint Sustainability Coordinators.
This is the first senior debt Social Loan for FPIP. The financing aligns with the Asia Pacific Loan Markets Association (APLMA) Social Loan Principles, an international standard for social impact lending. Sustainalytics, an independent third party, has assessed the FPIP Sustainable Finance Framework to verify it meets these standards.
The funds will support FPACA to build and operate quality residential aged care homes across Australia, with a focus on regional communities. The partnership with Bank Australia, CBA and NAB reflects a shared commitment to improving outcomes for older Australians in areas that need it most.
Victoria Adams, Managing Director of For Purpose Investment Partners, said: "This is our first senior debt Social Loan. It cements our position as a leader in impact investing in Australia, with the backing of three banks who share our commitment to older Australians and regional communities.
“Our Sustainable Finance Framework has been independently assessed by Sustainalytics against international standards. We publish annual impact reports, are signatories to the Operating Principles for Impact Management, and have BlueMark independently assess our work. This Social Loan adds another layer of accountability for our investors. It also shows the confidence we have in FPACA to deliver high standards of care for older Australians."
Tim Von Ess, Head of Impact Lending, said: “At Bank Australia, we believe everyone is entitled to live in an affordable home that meets their needs, and this includes access to safe and dignified aged-care. As a customer-owned bank, we know that our customers want to use their money as a force for good. That’s why we partnered with FPIP and FPACA on this loan, to help deliver positive outcomes for residents, families and staff. Supporting the development of high-quality aged care in regional Australia strongly aligns with our affordable and accessible housing impact area and we’re proud to stand alongside our partners in supporting a model of care that puts older Australians and their wellbeing at the centre. "
Craig McQuillen, General Manager, Major Client Group, CBA, said: “CBA are pleased to play a role in supporting FPIP and FPACA as a Sustainability Coordinator on the Social Loan. The Loan is an important milestone and recognition of their commitment to improving outcomes for older Australians, particularly in regional communities where there is heightened need for quality aged care. By supporting our clients with sustainable finance, we’re helping FPIP and FPACA in expanding initiatives that deliver equitable access to aged care for the communities they serve.”
Dale Pattison, State Director, Corporate Health, said: “Access to safe, high‑quality, and affordable housing is fundamental to the wellbeing of every Australian. NAB is proud to support this Social Loan, which will help deliver more care‑focused homes in the communities that need them most. Collaborations like this demonstrate how finance can play a meaningful role in addressing Australia’s housing and aged‑care challenges, while improving outcomes for older people across regional Australia.”
Matthew Filocamo, CEO of For Purpose Aged Care Australia, said: "This partnership with NAB, CBA, and Bank Australia supports our work to deliver quality aged care in regional communities across Australia. Their commitment to older Australians aligns with our purpose to ‘deliver exceptional care and meaningful ageing’.
"Thank you to our banking partners, investors, and care teams who make it possible to build communities where older Australians receive the care they deserve."
Media contact | michelle.moore@fpinvest.com.au
For Purpose Investment Partners
For Purpose Investment Partners are a not-for-profit social impact investment fund manager, created to pursue an important mission; bringing private sector capital and capabilities into sizeable businesses and projects to create significant social impact. Established in 2018 by pioneering impact investor Michael Traill and philanthropist and entrepreneur Mark Carnegie to focus on large-scale impact investing, For Purpose has ~$200m of funds under management.
Bank Australia
Bank Australia Ltd believes banking can be a force for good and together we can have a positive impact on our customers, communities and the planet. Following its merger with Qudos Mutual Ltd on 1 July 2025, Bank Australia Ltd continues to operate the Bank Australia and Qudos Bank retail brands. We are 100% customer-owned and aim to build on our position as Australia’s leading purpose-driven bank. We exist to inspire and empower our customers to use their money to create a world where people and the planet thrive. We support almost 320,000 customers and we’re custodians of more than $20 billion in assets.
Commonwealth Bank of Australia
The Commonwealth Bank of Australia (CBA) is one of the leading banks in Australia, serving more than 17 million personal, business and institutional customers. We are guided by our purpose – building a brighter future for all. Our strategy, to build tomorrow's bank today for our customers, reflects our commitment to use the strength of CBA to support our customers, invest in our communities and provide strength and stability for the broader economy. As at 30 June 2025, we have provided $64.4 billion in cumulative funding towards our Sustainability Funding Target (SFT) of $70 billion by 2030. Contribution to the SFT includes sustainable finance to support clients with Environmental & Social initiatives, as well as funding for renewable energy projects and green buildings.
National Australia Bank
At NAB, we're here to be the most customer-centric company in Australia and New Zealand. NAB's workforce is made up of more than 38,000 colleagues globally, supporting more than eight and a half million customers in Australia and overseas. Our scale and connectivity help us to tackle some of the biggest challenges facing our business and community. We're focusing on taking climate action, supporting affordable and specialist housing, and backing Indigenous businesses.
Our NAB Health team have been providing financial solutions to the healthcare sector for over 20 years with dedicated business bankers who have in-depth industry knowledge.
For Purpose Aged Care Australia
For Purpose Aged Care Australia is a national aged care provider with a clear social mission: to deliver high-quality care while creating meaningful social impact. Backed by ethical investors, we reinvest in our people, places and programs to ensure older Australians receive the respect and support they deserve. Since our formation, we’ve grown rapidly through the strategic acquisitions of Luson and Signature Care, and now operate over 2,000 residential aged care beds nationwide.
The For Purpose Investment Partners skills education platform, Catalyst Education, has begun trading as For Purpose Education. The transition began on 1 July 2026 and brings the business into closer alignment with the wider For Purpose group.
A name that reflects the mission
FPIP invested in Catalyst Education in 2021 to build a not-for-profit skills education platform and strengthen the pipeline of skilled carers, educators, and support professionals that Australia needs. The new name states that purpose plainly. It also connects the business more visibly to the other organisations we back across aged care, disability support, and community services.
The rebrand changes the name and the look of the business. Its strategy, leadership, and commitment to quality training remain exactly as they were.
The same trusted training organisations
For Purpose Education operates three Registered Training Organisations (RTOs): Selmar Institute of Education, Practical Outcomes, and ARC Training. Together they deliver accessible, industry-relevant training across early childhood education and care, aged care, disability support, health and community services, and business.
In the 2025 financial year (FY25), the business supported 4,100 learners across four states and territories. Of these, 56% were based in regional and remote locations, and 85% of completed learners improved their employment position, compared with an industry average of 65%.
Why this matters
Australia faces a critical shortfall of care workers. Training providers that keep pace with the needs of employers, learners, and communities are central to closing that gap. For Purpose Education has a clear role to play, and we are confident the business is well positioned to grow its contribution.
No change for learners and partners
Nothing changes for enrolled learners, employers, or industry partners. Trainers, support arrangements, partnerships, and funding arrangements all continue as they are.
What comes next
A new For Purpose Education website will launch soon at FPEducation.com.au, creating a single home for the training the business delivers across Australia.
We congratulate the For Purpose Education team on this milestone and look forward to the next chapter.
23 June 2026 - FP Ability is pleased to announce the appointment of Mark Powell as Chief Executive Officer of specialised meal delivery businesses Able Foods and Tender Loving Cuisine (TLC). Mark will commence in the role on 3 August 2026.
Mark brings more than 20 years of senior executive experience in the fast moving consumer goods (FMCG) sector. His expertise spans sales, marketing, procurement, and supply chain. He joins FP Ability from NAFDA, where he served as General Manager Australia and New Zealand. In that role he drove growth, integrated new markets, and managed operations for the member-owned cooperative.
Throughout his career, Mark has scaled businesses, led high-performing teams, and built enduring customer relationships. His focus on consultative planning and his commitment to business development position him well to lead FP Ability through its next phase of growth.
'Mark's experience scaling businesses in the FMCG sector, combined with his alignment to our mission, makes him the right leader for FP Ability at this stage of its growth,' said Rob Blackwell, Executive Chair of FP Ability. 'Able Foods and TLC provide safe, nutritious meals to older Australians and National Disability Insurance Scheme (NDIS) participants every day. Mark understands both the commercial discipline and the social purpose that sit at the heart of these businesses. We look forward to working with him as we continue to grow their impact across the aged care and disability sectors.'
'I am delighted to join FP Ability and to lead two businesses that make a real difference to people's lives every day,' said Mark. 'Able Foods and TLC have strong foundations and committed teams. I look forward to working with them to innovate, broaden what we offer, and reach more of the clients who rely on us.'
The 2026–27 Federal Budget delivered the largest savings package on record ($63.8 billion) alongside a major tax reform package. We have completed an initial review of what this means for For Purpose Investment Partners and the sectors where we invest.
Our overall view - this is a net positive Budget. Our existing portfolio is well positioned. Our pipeline benefits from record housing investment and supply-side reform. The reform agenda creates clear openings for advocacy on issues that matter to our investors and our sectors, and ultimately the people we are creating impact for.
Implications for our portfolio
•Aged care — positive. New capital subsidies of $30 per supported resident per day for newly built homes (payable up to 25 years) directly improve returns on greenfield and expansion stock. A further $1.1 billion sits in Contingency Reserve to implement recommendations from the Aged Care Accommodation Pricing Review.
•Specialist Disability Accommodation (SDA) — neutral. The 160,000 participant reduction is targeted at lower-support-needs cohorts redirected to Thriving Kids and Foundational Supports. Our SDA assets focus on the highest-needs cohorts and are not expected to be materially affected.
•Disability services — mixed. National Disability Insurance Scheme (NDIS) reform is expected to reduce the number of participants by 160,000 to deliver $37.8 billion in savings, and we expect modest near-term volume risk for service providers during the transition. Mandatory registration of high-risk providers and continuation of the Fraud Fusion Taskforce favour quality, registered, scaled operators, providing a structural tailwind for our investment thesis over time.
•Skills education — neutral. No material new measures affecting current operations.
Implications for our pipeline
•Social and affordable housing — positive. Housing investment lifts to a record $47 billion. The negative gearing and capital gains tax (CGT) reform package redirects investor demand from established property to new builds. Build-to-rent developments and private capital supporting government housing programs are explicitly exempt. The new $2 billion Local Infrastructure Fund supports unlocking new supply.
•Broader disability services — positive structural tilt. The same registered-provider and integrity reforms favour quality scaled operators, directly aligned with the FPIP thesis. The $7 billion Foundational Supports and Thriving Kids programs open new state-delivered markets outside the NDIS.
•Early childhood education and care — neutral with marginal upside. Thriving Kids in early childhood settings ($139.7 million over 5 years) may open adjacent revenue stream. The Inclusion Support top-up ($54.8 million in 2026–27) adds modest margin for services supporting children with additional needs. Government funding for the Worker Retention Payment expires on 30 November 2026, with no clarity provided in the budget on whether that will be extended. This could leave a cost gap for providers to manage.
Our advocacy focus going forward
The Budget opens several areas where we will engage constructively with government and industry on behalf of our portfolio and the sectors we invest in.
•Super performance test design. Engaging with the public consultation to support a test that enables industry-fund allocation to productive social infrastructure.
•Aged Care Accommodation Pricing Review. Engaging on the final settings for the Accommodation Supplement uplift and capital subsidies currently held in Contingency Reserve.
•NDIS reform implementation. Supporting smooth transition for participants and providers ahead of the January 2028 eligibility changes, and engagement on Foundational Supports and Thriving Kids design.
•Affordable housing co-investment frameworks. Building on the build-to-rent and government housing program carve-outs to support institutional capital flows into social infrastructure.
For Purpose Investment Partners acknowledges and pays respect to the past and present Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander people.
We believe that diversity, equity and inclusion at For Purpose Investment Partners are critical in our efforts to create significant social impact. Diversity in the team allows us to better represent the diversity of thought and experiences of the communities that we are aiming to serve, promotes a healthy and thriving working environment, and delivers innovative and sustainable outcomes for our communities, our people, our investors and our partners.
