The Montreux healthcare fund, which launched last month, has purchased learning disability care homes business The Regard Partnership for £124m with backing from Macquarie Lending.

An Isle of Man domiciled fund, Montreux Healthcare is advised by Montreux Capital Management – a boutique specialising in alternative investments, namely strategies exposed to the residential care sector.

Montreux Capital Management also advises the Luxembourg-domiciled Montreux Care Home Fund, which invests in the residential care sector and targets an income of approximately 8 to 10 per cent annually, net of fees.

Oliver Harris, managing partner at Montreux Capital Management says: “We see huge value in the purchase of The Regard Partnership both in itself and in the synergy it will bring to our existing holdings.”

He adds: “UK healthcare is being increasingly recognised as an attractive investment proposition in the current climate. Few markets have such compelling growth prospects, with the market set to double over the next 20 years. The inflation-proofed income characteristics are proving attractive to investors in search of income and yield, and we are on course to have more than £500m of healthcare assets under management by the end of 2015.”

The Montreux healthcare fund launched on 30 September 2014 with a minimum investment of £10,000.