Elevation Advisors has announced that during Q2 2025 it has completed the first closing for Elevation Credit Partners III, securing discretionary equity commitments from global pension capital which will enable ECP III to deploy £270m of debt financing in the UK senior housing real estate sector.

ECP III’s strategy is to provide high-quality operators and developers of UK senior housing real estate with a range of customised loan financing options including investment term loans, development loans, mezzanine loans, and preferred equity.

Loans will be sized between £10m-£100m, with LTV of up to 80% and development LTC of up to 85%, over a term of two to five years and will be used to support acquisitions, developments, lease-up, refinancing, and recapitalisation.

The successful capital raise – Elevation’s third private credit vehicle – builds on its familiarity with the UK senior housing sector, its single focus on the healthcare real estate market, and its proven track record managing private credit.

ECP III will focus on the delivery of positive outcomes in the senior housing market and combine both high-quality sustainability performance with the delivery of positive social outcomes within the sector.

Through targeted deployment utilising Elevation’s robust due diligence process and frameworks, ECP III will seek to benefit service users, employees, and local communities.

Zach Smith, investment director at Elevation, said: “Following the successful deployment of two previous senior housing private credit funds, we are delighted to raise capital that will further increase the supply of much-needed senior housing and elderly care beds, and provide sustainable, tailored funding solutions to high-quality operators in the UK.

“We are committed to supporting this critical sector and the increased debt financing capability offered by ECP III will provide top-tier borrowers with greater flexibility and increased choice to accelerate their business growth and support their existing portfolios.

“With the chronic undersupply of elderly care beds and senior housing in the UK and increasing demand from long-term demographic trends, we are delighted to give investors access to this underserved market and provide vital capital to support positive social outcomes.”