Synergis

What Synergis does

Synergis Fund is an Australian unlisted wholesale investment trust established in 2019 by Social Ventures Australia (SVA) and Federation Asset Management through their joint venture Social Infrastructure Investment Partners (SIIP). The fund invests in Specialist Disability Accommodation (SDA) — purpose-built housing for National Disability Insurance Scheme (NDIS) participants with significant functional impairment — operating across New South Wales, Queensland, and Victoria in partnership with accredited SDA developers (Good Housing, Illowra Projects, SDA Australia Group, Chapter 2, SDA Qld) and Supported Independent Living (SIL) providers.

The fund's economics are anchored by long-term leases to NDIS-registered tenants with rental payments backed by Commonwealth Government funding under the NDIS, providing a stable, government-supported revenue stream that flows through to wholesale investors. Distribution is restricted to wholesale clients within the meaning of section 761G of the Corporations Act 2001 (Cth) and is conducted through direct institutional sales targeting superannuation funds, family offices, and impact investors. Limited partners include Goldman Sachs Asset Management (joined December 2021 with a target A$137 million equity deployment), HESTA, Paul Ramsay Foundation, Suncorp Group, and Portcullis House. The vehicle is targeting total equity deployment of A$1 billion over five years against an addressable pool of approximately 28,000 NDIS-eligible SDA participants and an estimated A$5 billion of capital required to meet NDIS housing goals.

As of December 2021, Synergis had committed to more than 50 projects providing homes for over 150 people, with 32 tenants allocated and 11 homes under development. The investment manager is led by Managing Directors Michael Lynch (previously at Merrill Lynch, UBS, and Société Générale; Chair of the SDA Alliance and member of the NDIS SDA Reference Group) and Jason Walter (founding member of Federation Asset Management with prior real estate roles at Lendlease, Stockland, and Mirvac), supported by a small team of investment directors, an asset manager, and accounting staff. The platform does not deploy proprietary technology beyond standard fund administration and does not disclose any AI/ML capabilities, distinguishing it from venture-backed technology companies.

Name

Synergis

Legal name

Social Infrastructure Investment Partners Pty Ltd

Website

https://synergisfund.com.au

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Synergis Fund is an Australian wholesale investment trust established in 2019 that deploys institutional capital into Specialist Disability Accommodation under the NDIS, targeting risk-adjusted returns for wholesale investors while addressing the undersupply of disability housing.

Ownership category

akta.pro rank

Product category

Social Infrastructure Investment Fund

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Trusts, Estates, and Agency Accounts (52592)

SIC

Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Core Infrastructure Funds (Transport, Social, Digital, Utilities) (FSANAEAA)

akta.pro secondary industry

SDG / Thematic Sustainable Investment Funds (FSANAJAN)

Keywords

• Disability housing investment
• Wholesale investment trust
• Specialist disability accommodation
• Social infrastructure fund
• Impact investing fund

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Investment Returns from Property Portfolio: The fund generates returns through investing in Specialist Disability Accommodation (SDA) properties, with rental payments supported by Commonwealth Government funding through the NDIS. Investors receive attractive long-term, risk-adjusted financial returns combined with positive social impact.
2. Capital Deployment into SDA Properties: Returns generated from a diversified portfolio of SDA properties across different locations, property types (apartments, villas, houses), and SDA categories (high physical support, fully accessible, robust, improved liveability).

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Synergis Fund is an unlisted wholesale investment trust that pools capital from institutional wholesale investors to acquire, develop and hold Specialist Disability Accommodation (SDA) properties across Australia. The fund partners with accredited SDA developers and Supported Independent Living (SIL) providers to deliver NDIS-funded housing for people with disability, generating returns from Commonwealth Government-backed rental income and underlying property appreciation. Investors gain exposure to a social infrastructure asset class with both financial returns and measurable social impact.

Product overview

Synergis Fund operates as a single unified investment product — an unlisted wholesale investment trust targeting disability housing in Australia. The fund provides investors exposure to Specialist Disability Accommodation (SDA) assets, combining financial returns with social impact. The product partners with Supported Independent Living (SIL) providers and accredited SDA developers to deliver quality housing for people living with disability.

Differentiator

Problem solved

Functional benefit

Products and services

• Synergis Fund An unlisted wholesale investment trust giving wholesale investors access to a portfolio of Specialist Disability Accommodation (SDA) properties across Australia. The fund deploys capital into SDA housing developed by accredited developers and leased to NDIS participants, generating returns from Commonwealth Government-backed rental income and underlying property appreciation, combined with positive social impact. Available only to wholesale clients within the meaning of section 761G of the Corporations Act 2001 (Cth).

Quantifiable outcome

• Over 50 projects committed providing homes for over 150 people
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and supporting.

• Social Ventures Australia (SVA)coreStrategic or Co-development PartnerSVA is a not-for-profit intermediary that co-established Synergis Fund and manages the fund alongside Federation Asset Management through Social Infrastructure Investment Partners (SIIP). SVA's impact investing team has approximately $120 million of funds under management.
• Federation Asset ManagementcoreStrategic or Co-development PartnerAsia Pacific private equity firm co-managing Synergis Fund through SIIP. Federation has extensive real estate expertise and ESG standards, with the team operating together since 2011. Provides investment acumen and disciplined approach to investing.
• Good HousingcoreChannel Partner/ Reseller/ DistributorSDA development partner building homes for Synergis Fund. Built Kevin's home in Mount Colah NSW and first properties on upper north shore of Sydney. Quality developer with expertise in disability housing construction.
• Illowra ProjectscoreChannel Partner/ Reseller/ DistributorSDA development partner working with Synergis on housing solutions. Targeting 50 new disability housing projects over three years with Synergis, with potential to assist up to 200 people. Created Luke and Nick's housing solution.
• SDA Australia GroupcoreChannel Partner/ Reseller/ DistributorSDA developer partner building homes including Tyson's home in Ipswich, Queensland. Managing Director Peter Marles noted significant demand outstripping supply in regional areas.
• Chapter 2supportingChannel Partner/ Reseller/ DistributorSDA provider partner in Synergis Fund's network of development partners across Queensland, NSW and Victoria.
• SDA QldsupportingChannel Partner/ Reseller/ DistributorSDA provider partner in Synergis Fund's network of development partners across Queensland, NSW and Victoria.
• Social Infrastructure Investment Partners (SIIP)coreStrategic or Co-development PartnerSIIP is the investment management company jointly owned by SVA and Federation Asset Management, established specifically to manage Synergis Fund. Located at Level 7, 1 Chifley Square, Sydney.
• SDA AlliancesupportingStrategic or Co-development PartnerSynergis Fund is a member of the Specialist Disability Accommodation Alliance, the peak body for best practice SDA industry. Michael Lynch serves as Chair of the SDA Alliance.
• Allen PartnerssupportingImplementation/ SI/ Consulting PartnerAdvised and assisted SIIP in raising capital and advising on the Goldman Sachs transaction.
• Corrs Chambers WestgarthsupportingImplementation/ SI/ Consulting PartnerLegal advisors to SIIP on the Goldman Sachs investment transaction.

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Others

• Social Ventures Australia (SVA): SVA is the impact-investing joint venture partner that co-established Synergis Fund and co-manages it through SIIP. Directly comparable as an impact-investing platform deploying patient capital into social outcomes in Australia, including disability and affordable housing.
• Federation Asset Management: Asia Pacific private equity firm co-managing Synergis Fund through SIIP, with real estate and ESG expertise. Comparable as an Australian mid-market PE/real assets manager and the source of Synergis' real estate investment discipline.
• HESTA Super Fund: Industry super fund for health and community services workers that committed $70M to SVA's Social Impact Investment Trust (which includes Synergis). Comparable as a major Australian impact-investing LP deploying member capital into social infrastructure, including SDA.

Direct peers

• Australian Impact Investments: Australian impact-investing platform that intermediated investor capital into Synergis Fund's earlier capital raise. Directly comparable as a wholesale impact-investment vehicle focused on measurable social and environmental outcomes alongside financial returns in Australia.
• Horizon Housing Realty: Australian affordable and disability housing provider of which Michael Lynch was a non-executive director. Directly comparable as an operator/funder of community and disability housing stock in Australia using blended government and private capital.
• BlueCHP: Australian community housing provider developing and managing affordable and specialist disability accommodation. Comparable to Synergis as a delivery-side player in the same NDIS-funded SDA housing market with similar tenant base and revenue model.
• St George Community Housing (SGCH): One of Australia's largest community housing providers, delivering affordable and specialist disability housing using government and institutional capital. Comparable to Synergis on the housing delivery side and on use of NDIS/government-backed rental income.
• Mission Australia Housing: Major Australian community and disability housing provider delivering SDA and affordable housing using government-backed rental streams. Comparable to Synergis as a provider in the same NDIS-funded housing market serving similar tenant profiles.

Broad incumbents

• Barwon Investment Partners: Australian real estate and infrastructure fund manager with healthcare, property and social infrastructure strategies. Comparable as a domestic real assets investment manager operating in adjacent sectors such as healthcare property, with similar institutional LP base.
• CBRE Investment Management: Global real assets investment manager with social and operational infrastructure strategies across Asia Pacific. Comparable as a large incumbent real assets manager that could expand into the Australian SDA/social infrastructure sub-sector as it scales.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Synergis