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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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