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Blue Sky Alternative Investments raises A$100M in share placement

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.