Sovereign wealth fund providing 70% of capital for NorthWest trust. : Singapore’s GIC is the unnamed investor backing a new AUD2bn (€1.27bn) healthcare property fund in Australia. It was reported last week that Canada’s NorthWest Healthcare Properties Real Estate Investment Trust had launched a new fund with a 70% interest from a sovereign wealth fund. IPE Real Assets has since confirmed the identity of GIC with sources familiar with the fund’s investments. Under the partnership agreement with NorthWest, the GIC commitment would be deployed over four years to build up a portfolio of healthcare facilities.