HESTA has invested $19 million to finance a cutting edge Australia-first suburban village designed to recreate real life experiences for those living with dementia. The investment was made through HESTA’s $30 million Social Impact Investment Trust, which is managed by Social Ventures Australia (SVA).

Australian Philanthropic Services (APS), a non-profit organisation that inspires and supports philanthropy, became independent of Social Ventures Australia (SVA) on 1 July. This was a planned move, reflecting the growth and success of APS.