Able Foods is Australia's leading specialist meal delivery service for NDIS participants. It gives Australians living with disability access to high-quality, nutritionally balanced meals, with service and delivery tailored to each customer's needs.
Every Able Foods meal is dietitian-approved and meets strict portion and calorie controls. Able Foods also offers individualised support, including goal setting, meal plans, meal support, clinical support and, importantly, education to help customers build healthier habits over the long term.
We acquired Able Foods because we believe a built-for-disability provider delivers a better service, and better outcomes, than its competitors. Every part of the service is designed to be disability-friendly. Specialist-trained support teams help participants over the phone, deliveries go to pre-selected accessible locations, packaging is easy to open, and texture-modified meals are available for customers living with dysphagia.
Our initial focus after the acquisition is to build the executive team and systems that keep the business delivering strong outcomes for customers, while improving efficiency in tasks such as ordering and payment processing. We then plan to grow the business to reach more NDIS participants, and over time we will explore adjacent sectors such as home care.
Of Australian households who report food insecurity are in receipt of Disability and Carer (social assistance) payments
Of people aged 2 and over with disability do not eat enough fruit and vegetables
People with severe or profound disability are 1.7x more likely to be obese than those without disability
Of adults with disability have hypertension, comprising 32% with uncontrolled (or high) blood pressure and 21% with controlled blood pressure
…people living with disability are disproportionately affected by food insecurity due to difficulty in accessing appropriate, safe and healthy food and/or limited food and nutrition literacy…
…these individuals experience poorer nutrition and less choice and control over their meal habits, which leads to higher rates of preventable chronic diseases and poorer health outcomes…
…access to a diverse range of high quality nutritionally-balanced meals, with exceptional service, products and delivery all designed specifically for people living with disability…
…improved nutrition and understanding of healthy eating habits that will lead to better health outcomes for participants and reduced likelihood of these chronic diseases…
…increased independence, ability to participate in community and work and an overall better quality of life for participants and their support network.
ARC Training is a NSW-focused Registered Training Organisation (RTO) offering qualifications across community services, business, transport, logistics, manufacturing and retail sectors. The acquisition also provides active contracts with Skills SA and ACT to support national expansion objectives and deliver meaningful impact across community services and sectors in South Australia and the Australian Capital Territory.
ARC Training specialises in aged care and disability care training, particularly the Certificate III in Individual Support - their highest enrolled course - addressing critical workforce shortages. The organisation delivers courses through flexible models including online, face-to-face, and blended learning, supported by a proprietary learning management system.
In March 2025, For Purpose Education acquired ARC Training, expanding its' footprint to support our ambition to develop a national offering in skills education. This strategic acquisition combines ARC's strong NSW presence and Employment Service Provider (ESP) partnerships with For Purpose Education's existing RTOs in Selmar Institute of Education and Practical Outcomes, both of which are primarily based in Victoria.
The acquisition increases our capacity to address critical workforce shortages in Australia's care sectors, particularly aged care, by expanding access to quality training for essential care workers. By bringing ARC Training into the not-for-profit For Purpose Education group and providing access to additional resources, our goals are to:
The core challenge remains consistent with our initial assessment for For Purpose Education. However, we have now obtained more targeted data through For Purpose Education that specifically focuses on the Vocational Education and Training (VET) sector within New South Wales. These refined statistics provide a clearer picture of the issues affecting NSW's VET landscape and strengthen the case for targeted intervention.
Signature Care is a national aged care provider that was founded in 1984 by the Croft family. Signature currently operates 1,272 beds across eight, contemporary residential aged care facilities in key regional and outer metropolitan centres of Victoria, Queensland, New South Wales and Western Australia. In addition to these sites, Signature has six new development sites that will deliver ~1,000 additional beds by 2027.
Signature Care has steadily built a reputation for quality from the development phase right through to operations, with a focus on providing high-quality aged care facilities in regional centres. Signature has an exceptional track record of performance, achieving ~99% occupancy across its operational sites for FY24.
Through For Purpose Aged Care Australia (FPACA), owner of Luson Aged Care, we announced the acquisition of Signature Care in April 2024. We believe the acquisition of Signature Care, alongside the existing portfolio company Luson Aged Care, merges the strengths and capabilities of both organisations.
Bringing scale supports our mission to develop a model of aged care that achieves excellent health and wellbeing outcomes for residents of all socioeconomic backgrounds. Our approach attracts and retains top staff and offers great benefits and conditions through our not-for-profit status, and enables residents to age in place with dignity and choice. Overseen by experienced Chair Toby Hall and the leadership of newly appointed Group CEO Matthew Filocamo, we firmly believe the partnership reflects a shared commitment to excellence and innovation in aged care.
After seeding the FPACA platform with the acquisition of Luson using capital from Social Impact Fund I, in December 2023, Qantas Super signed a $75m commitment to FPACA, followed by a $30m commitment from Australian Ethical. These funds represent the first major institutional commitments to FPIP. The acquisition was finalised in August 2024 with the support of NAB, CBA and Bank Australia through a $260m debt facility.
Tender Loving Cuisine (TLC), a privately owned company established in 1995, began by delivering meals to patients discharged from hospital. It has since shifted its focus to Home Care and National Disability Insurance Scheme (NDIS) clients. Most of its customers are Home Care Package (HCP) or Support at Home recipients: older Australians who want to stay independent at home.
TLC designs frozen, ready-to-eat meals and manages ordering and customer service, while its partners handle manufacturing, logistics and last-mile delivery. The company serves HCP, Support at Home, Commonwealth Home Support Program (CHSP), Managed Service Provider (MSP) and NDIS clients across the Australian Capital Territory, New South Wales, Victoria and Queensland. It also caters to customers who are not government-funded.
In April 2024, For Purpose Investment Partners (FPIP) acquired TLC through FP Ability Pty Ltd (FP Ability), its Disability Services platform. TLC complements FP Ability's existing portfolio company, Able Foods. The acquisition strengthens FP Ability's presence in a growing market, with products that support customer health and wellbeing.
Our intended impact is to balance nutrition and choice. We do this by increasing access to high-quality meals that help improve health outcomes for vulnerable Australians, including older people and people living with disability.
Nutritious food has a clear effect on health. Choice over meals matters just as much, because it gives people control over how they live. We balance these priorities through menu design: a diverse range of options where every item is nutritionally balanced, including everyday favourites such as desserts.
Beacon Hill was our first construction loan to develop under-used church land. We delivered the project with Sydney Anglican Property and the Sustainable Development Group (SDG), and it was completed in late 2024. It converted church-owned land in Beacon Hill, on Sydney's northern beaches, into new Specialist Disability Accommodation (SDA).
The development provides three architecturally designed homes for eight participants in the National Disability Insurance Scheme (NDIS), with six High Physical Support and two Fully Accessible places. Evolve Housing manages the property, and Fighting Chance delivers the support that helps residents live independently in their community.
Demand for SDA in metropolitan areas is not being met, particularly where land values are high and still rising. By partnering with SDG, a values-aligned not-for-profit, we accessed surplus metropolitan land and avoided high upfront land costs. This gives residents homes closer to family, with better access to services and the community.
In August 2025, we provided approximately $7 million in long-term mezzanine debt financing to the project. This followed the repayment of the project's $4 million construction debt. Financing of this kind supports the long operating horizon that SDA needs.
Luson is a boutique residential aged care provider in Victoria, operating 305 beds across two homes in the Geelong area and one in Clyde North. Luson also has a site in Rowville with development approval for another residential aged care facility. All three of the existing facilities have been either built or significantly refurbished in the past five years, and all contain only single-bed ensuite rooms.
The Luson team, lead by CEO Nick Yannopoulos have demonstrated a track record of performance, consistently achieving occupancy of over 95%, including throughout the Victorian COVID-19 waves of 2020/21.
We acquired Luson because we believe that a scale, social purpose aged care organisation run with business discipline can transform the aged care sector, much like Goodstart transformed early learning given the similarity in characteristics between the sectors (highly fragmented, with a significant not-for-profit / family-owned footprint).
We are acquiring Luson through a not-for-profit holding company, similar to the structure we used for the Catalyst Education transaction – this will enable Luson to better attract and retain staff through salary packaging and other employment benefits, and importantly, give residents comfort that their quality of care is the number one priority.
FPIP’s near-term focus it to optimise the existing assets and build out the management team before turning our attention to the growth strategy including the Rowville development and further acquisitions.
BlueCHP Housing is a disability accommodation partnership with NSW-based Tier 1 Community Housing Provider BlueCHP. This partnership builds on BlueCHP's experience gained from the Hunter Residences Program, the single largest SDA project since the creation of the asset class.
We partnered with BlueCHP due to their strong values-alignment and unique focus on tenant-led SDA development. BlueCHP builds a pipeline of prospective tenants through multiple avenues, and then works with these prospective tenants to see if they can provide them with their desired housing solution in their preferred location based on the available SDA payments and ensuring an acceptable return threshold is met.
We believe the tenant-focused approach is not only more impactful than traditional “build it and they will come” approaches, but it also provides us with sticky tenants who are more likely to view the property as their home for life.
BlueCHP Housing is also focused on the underserved Robust category of SDA, a category representing a cohort of people living with complex behavioural disabilities that has seen less supply due to structurally lower expected returns to investors. We are able to support this cohort without sacrificing on risk-adjusted returns through occupancy de-risking through the tenant-focused approach, as well as access to low cost, long term senior debt through federal government housing bond aggregator NHFIC (who are making their first ever investment into SDA as part of this transaction).
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We partnered with Liverty Housing (previousliy known as Summer Housing) on behalf of capital partner the Paul Ramsay Foundation and alongside The Impact Fund (“TIF”) managed by Conscious Investment Management (“CIM) to purchase 72 specialist disability accommodation (“SDA”) apartments in 7 properties. Since July 2020, our capital partner has committed $20.7m (of total $41m) in capital.
Supply of new housing to meet demand for disability accommodation continues to grow since the creation of SDA and its associated contracted payments under the NDIS in 2016. However, despite these incentives, the residual SDA supply shortfall at ~12,000 places remains significant.
Some operators entering the market are focused on maximising profit by meeting bare minimum standards to receive the SDA income stream. As a mission-driven not-for-profit, Liverty’s developments are of the highest quality which we believe will drive ongoing strong demand and lower than industry average vacancy rates. We believe that this focus on quality will enhance, not detract from financial returns as a result. Their model of accommodation (top quality 1/2 bedroom apartments) is strongly aligned with the NDIS philosophy of independence (i.e. vs. group homes).
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For Purpose Education is a not-for-profit skills education platform. Through three Registered Training Organisations (RTOs) — Selmar Institute of Education, Practical Outcomes and ARC Training — it delivers trusted, industry-relevant training across early childhood education and care, aged care, disability support, health and community services, and business. Based primarily in Victoria, the platform has a growing presence in New South Wales, South Australia and the ACT.
We invested in For Purpose Education (formerly Catalyst Education) in 2021 to build a transformative leader in skills education for the social sectors. Its strong reputation, values-aligned management team and market-leading position in Victorian early childhood training made it the ideal foundation to build from.
The investment case is compelling. Australia faces a critical shortfall of care workers. The sectors For Purpose Education specialises in need more skilled professionals, and they need better-prepared ones. By scaling a proven, high-quality training model, we strengthen the pipeline of carers, educators and support professionals the country needs, and deliver better care outcomes for Australia's most vulnerable people.
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.
