AG2R La Mondiale’s recent alternative activity focuses on its aging well concept in response to France’s ageing population. As such it is the majority shareholder (67%) of Ægide-Domitys, France's leading provider of serviced residences for the elderly. This stake is 67% and accounts for a 21% market share. The organisation aims to open around 20 new residences per year, with 300 residences in operation by 2030.

Ægide-Domitys houses 17,300 people in 168 residences, which act as a bridge between the family home and nursing home. These residences prioritise comfortable living at the heart of major cities, with cultural and community activities and 24-hour support staff. The investment has provided €400 million (£344 million) in additional revenue to AG2R La Mondiale, diversifying its real estate policy while providing returns and social impact.

The Church Commissioners For England are the largest investor in The Social Supported Housing Fund (SoHo), which creates purpose-designed housing for people with lifetime care needs in a small-scale community setting. SoHo is, in turn, the largest private funder of this type of new-build housing in the UK.

SoHo’s assets are 10- to 22-unit apartments that are purpose-designed, typically including a care-provider office, communal areas, wider corridors and doorways, accessible bathrooms, elevators and block-walls.

The investments in SoHo diversify from the Commissioners’ traditional institutional real estate investments, which are suitable to larger-scale projects. The project enables institutional capital to be invested at scale but for specialist impact that would otherwise have been difficult to access.