Blue Sky Alternative Investments Ltd raised A$100 million from its issuance of shares.
The company completed the placement of 8,695,652 ordinary shares to institutional investors, according to a March 7 release. The issue price was A$11.50 per share,
The shares will be issued March 13 and will represent about 12.6% of the issued capital of the company.
Blue Sky Alternative Investments is also opening a share purchase plan of up to A$25 million to eligible shareholders. The offer is expected to open March 9 and close March 28. Eligible shareholders can subscribe up to A$15,000 worth of ordinary shares.
The company plans to use the proceeds from the placement and the share purchase plan as additional capital for ongoing co-investment and to provide balance sheet support for new funds, investment platforms and joint ventures.
