BLUE SKY'S IPO FOR FIRST ALTERNATIVES INVESTMENT COMPANY

BLUE SKY'S IPO FOR FIRST ALTERNATIVES INVESTMENT COMPANY

BLUE Sky Alternative Investments Limited (ASX:BLA) has launched an initial public offering (IPO) of shares in a subsidiary company.

The Blue Sky Alternatives Access Fund (BASSF) will be Australia’s first diversified, alternatives-focused Listed Investment Company (LIC) on the ASX.

Investment director Alexander McNab (pictured) says the investment vehicle was a long-term strategy, creating new opportunities for Australian investors.

“Until now, these funds were only targeted at institutional investors,” he says.

The LIC will co-invest with Blue Sky’s managed funds across real assets, private equity and venture capital, private real estate and hedge funds.

Read more about Blue Sky's growth here.

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