Retirement Living News
November/December 2015
AARP Launches $40 Million Fund for Senior-Focused Ventures
AARP has announced it is establishing a $40 million venture capital fund to invest in products and services aimed at the older adult market, primarily to improve access to health care, invest to enable aging at home and expand marketing for preventive care. It is a nonprofit membership organization for those 50 and older and has nearly 38 million members. It is a powerful lobbying entity and also provides AARP-branded health insurance plans.
The AARP Innovation Fund is being administered by J.P. Morgan Asset Management and will provide capital to companies that are focused on the 50 and older population.
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