US infrastructure and real estate investment firm Stonepeak has invested in Aura Holdings, a Queensland-based retirement village developer and operator, in a deal that the firms said provides up to A$1 billion (about $706 million) of available capital.
In a statement, the alternative investment manager said the investment, alongside a committed development facility from senior domestic lenders, will support Aura’s next phase of growth.
It comes as Australia’s retirement living sector draws heightened investor interest on expectations of sustained demand for age-appropriate housing, per the announcement.
Aura, founded in 2016 by retirement sector executives Tim Russell and Mark Taylor and led by Chief Executive Sean Graham, develops retirement apartments and community facilities in infill locations across southeast Queensland and northern New South Wales.
The company has completed six retirement villages comprising nearly 800 units and has six projects in its near-term pipeline, with more than 10 additional sites in early development, according to the announcement.
“Aura is well-positioned to serve Australia’s retirees given its premium portfolio spanning desirable retirement destinations, proven development track record, and experienced leadership team,” said Stonepeak senior managing director Darren Keogh.
Stonepeak said the transaction is its second platform investment in the retirement village sector across Australia and New Zealand, following its acquisition of Arvida Group Limited, one of New Zealand’s largest retirement and aged care providers, in November 2024.
Aura’s Russell said Stonepeak’s backing would help Aura accelerate its strategy. “Stonepeak’s investment gives Aura the runway to accelerate its strategy of adding much-needed, age-appropriate housing in areas grossly lacking suitable downsizing options for locals,” he said.
Aura has a five-year pipeline of more than 2,000 apartments, with an additional development that broke ground in September 2025.
Stonepeak, which focuses on infrastructure and real assets, said it manages about A$120 billion ($84 billion) of assets under management and invests across sectors including digital infrastructure, energy, transport and logistics, and real estate.
The US-based investor is seeking to raise as much as $4 billion for its second Asia-focused infrastructure fund. In 2024, the firm closed its first Asia-focused fund at $3.3 billion, signalling swift capital deployment and strong investor interest in the asset class.
