Blue Sky Alternative Investments has closed the first stage of its $66.8 million equity raising announced on 11 May.
In a statement to the ASX, Blue Sky said it had raised just over $45 million through both a placement and an accelerated entitlement offer.
Eligible shareholders will be able to participate in the second stage of the capital raising, a retail entitlement offer to raise a further $21.7 million, opening on 18 May.
“This second stage of the raise has been fully underwritten by Ord Minnett and Morgans, who are acting as Joint Lead Managers to the capital raise,” the statement said.
Blue Sky will use the funds for ongoing co-investment in its managed funds and to demonstrate balance sheet scale to enhance conversion of potential institutional mandates.
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Adrian Flores is a features editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.
You can contact him on [email protected]
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