The 'other' category selected includes uncalled capital commitments. As designated by PRI uncalled capital is to be included in the AUM although it has yet to be called/invested.
All of the uncalled capital reported during the reporting year was intended for investment into the aged care / healthcare segments.
As a matter of policy, Northern Horizon does not call capital from investors until an eligible investment target has been identified and approved by the appropriate investment committees and/or boards so as not to build cash position liability in the disinterest of investors.
Only once an investment target has been screened and appropriately vetted, is capital called to execute the final transaction.
The investment screening and capital call process is known to all investors.