# Paul Ramsay Foundation

Paul Ramsay Foundation is an Endowment / Foundation based in Darlinghurst, Australia.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Darlinghurst, Australia
- **Region:** Oceania
- **Address:** 262 Liverpool St, Darlinghurst, New South Wales, Australia
- **Founded:** 2006
- **Assets under management:** 3000 (Altss estimate)
- **Website:** paulramsayfoundation.org.au
- **LinkedIn:** https://au.linkedin.com/company/paul-ramsay-foundation

## Regulatory record

- **Reports private funds:** No

## About

The Paul Ramsay Foundation was established in 2006 by the late Paul Joseph Ramsay AO. Its endowment stems from the healthcare business he founded. Kristy Muir serves as CEO and Michael Traill AM chairs the board. The foundation deploys capital across grants, impact funds and direct investments. Asset classes include listed equities, social and affordable housing, and contemporary art holdings. It participates in the CIM Social Housing Fund 2 and maintains a dedicated Endowment Impact Fund sized at approximately 16.4 percent of the portfolio. Confirmed positions include an 18.8 percent stake in Ramsay Health Care and an initial holding in Hearts and Minds Investments. Activity centers on Australia with additional reach through national partners. The foundation employs 51 professionals and operates from Yirranma Place in Darlinghurst. It maintains membership in Philanthropy Australia and the Foundations Group for Impact Investing. In November 2024 the foundation sponsored the Sohn Hearts and Minds Investment Leaders Conference in Sydney. It also holds a long-term advisory relationship with Koda Capital that began in 2014. The foundation's architecture links grant-making directly to ownership of operating assets and real estate. This integration allows mission-related investments to sit alongside traditional philanthropic distributions without separate legal vehicles for each allocation type.

## Sectors

- Philanthropy
- Impact Investing
- Real Estate
- Healthcare

## People

- Kristy Muir — CEO
- Michael Traill AM — Chair
- David Cohen — Board member

## Questions

### Who runs investment decisions at Paul Ramsay Foundation?

Kristy Muir serves as CEO. Michael Traill AM chairs the board. David Cohen sits on the board and previously held the deputy CEO role at Commonwealth Bank of Australia.

### How does Paul Ramsay Foundation source proprietary deal flow?

The foundation works through Conscious Investment Management for social housing exposure. It also participates in conference-based vehicles such as Hearts and Minds Investments.

### Does Paul Ramsay Foundation participate in fund commitments or only direct deals?

The foundation commits to funds including the CIM Social Housing Fund 2. It also holds direct equity in Ramsay Health Care and operates its own Endowment Impact Fund.

### What investment stages does Paul Ramsay Foundation typically target?

The foundation targets established operating businesses and real-asset vehicles. It maintains long-term holdings rather than early-stage venture commitments.

### What is Paul Ramsay Foundation's known posture on co-investments alongside external GPs?

The foundation co-invests through vehicles such as CIM funds and conference-linked vehicles. It pairs these commitments with direct ownership of Australian real assets.

## Related profiles

- [Paul Comstock Partners](https://altss.com/profile/paul-comstock-partners)
- [MMBB Retirement Plan](https://altss.com/profile/the-ministers-and-missionaries-benefit-board-of-american-baptist-churches-retirement-plan-mmbb)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/paul-ramsay-foundation

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