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The rise of student accommodation

The recent depreciation of the Australian dollar has made it cheaper and easier than ever for international students to live and study in Brisbane. In addition, Brisbane City Council has also embarked on a new strategy to encourage the development of new accommodation for an expected influx of international students in the future. It is an opportunity Brisbane-based Blue Sky Alternative Investments has firmly in its sights and with over $1 billion in assets under management, the company’s investment model is attracting plenty of interest.



Blue Sky set for first close of new VC fund

Listed alternative investment manager Blue Sky Alternative Investments Limited has attracted strong interest for its second venture capital fund, receiving commitments for around $20 million. The new fund had a target of $15m target for its first close, which is now expected to be announced on May 29. The fund is targeting a total raising of $30m, but given the strong investor interest, will continue to accept commitments beyond this amount, until December 30. Blue Sky’s first venture capital fund — VC2012, was launched in 2012 to raise $10m. The fund is fully invested into five companies.



This $30 million Australian venture capital fund is on the hunt for 10 new expanding companies

Australian venture capital outfit Blue Sky will close out its second major fund this week, raising more than $20 million as it looks to hit $30 million by the end of the year to invest in startups and companies on the rise. This will be Blue Sky Venture Capital’s second fund with the first $30 million vehicle investing in the likes of Australian startup HeyLets and online pet food company Pet Circle. It is also expecting its first exit this year through its Hatchtech investment.



Blue Sky Alternatives Access Fund (ASX:BAF) raises $20 million

Blue Sky Alternatives Access Fund Limited (ASX: BAF) has successfully completed a $20 million capital raise through a one for three non-renounceable entitlement offer. The funds raised will be used to build on the listed investment company’s actively managed portfolio of alternative assets across private equity and venture capital, water and agriculture, hedge funds and private real estate.



Technology innovation key to engagement

At Blue Sky we have implemented both an app, Your Fingerprint, and video updates to great success. We get hundreds of Your Fingerprint downloads every week and the vast majority of our investors and shareholders regularly use the app. These initiatives have really helped educate our investors, shareholders and the market about alternative investments. New technology has become an integral part of how we do business, and the overwhelming response and uptake by investors of the Your Fingerprint app confirms it was the right step for us to take.