Blue Sky Alternative Investments (ASX: BLA) will raise up to $25.5 million in an equity raising at $1.50 a share through a placement and a renounceable rights issue.
This is pitched at a a 21.1% discount to the last traded price. The funds will provide additional capital for ongoing co-investment in Blue Sky managed funds and to demonstrate balance sheet scale to enhance conversion of potential institutional mandates.
The alternative asset manager has current assets under management of around $400 million.
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