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Blue Sky founder appointed as Queensland’s inaugural Chief Entrepreneur

One of the state’s most successful proponents of alternative investment strategies has accepted the post of Queensland’s first Chief Entrepreneur. Premier Annastacia Palaszczuk today announced the appointment of Mark Sowerby, founder of Blue Sky Alternative Investments Ltd, to the Advance Queensland role.



Blue Sky founder out on a high with record profit

The Weekend Australian – Alternative investment pioneer Mark Sowerby is stepping down from the Blue Sky Alternative In­vestments business he founded in 2006 to focus on his family and charitable works after the com­pany posted a record net profit of $10.5 million. Robert Shand, a former Bain & Co consultant who joined the business in 2010 and has been chief operating officer since 2013, will take over from September 30.



Blue Sky Announces New Managing Director

Effective from 30 September 2016, our founder and Managing Director Mark Sowerby will retire from Blue Sky and our Chief Operating Officer, Rob Shand, will be appointed as Managing Director.



Blue Sky reports 57 per cent profit growth and $2.1 billion in Assets Under Management

Blue Sky Alternative Investments Limited (ASX: BLA) today announced its results for the year ending 30 June 2016, reporting an underlying Net Profit After Tax (NPAT) of $16.3 million (up 57 per cent from $10.4 million in FY15) and a 44 per cent increase in revenue to $63.0 million (up from $43.6 million).



Pharmacist HPS eyes ASX listing

HPS, which runs 50 on-site pharmacies for hospitals operated by Healthscope and St Vincent’s private hospitals, is eyeing an ASX listing as profits climb through automation, new contract wins and benefits from previous capital investment. Private equity firms hold 76 per cent of HPS, with Blue Sky Private Equity and the $80 billion Swiss firm Partners Group buying in last year.



Vinomofo toasts its grapes success

An online wine retailer that has turned wine selling on its head has taken out the Telstra Victorian Business of the Year Award.



Blue Sky backs $13.6m Asian e-commerce firm

Blue Sky Venture Capital, one of Australia’s largest tech start-up funds, has made its first investment in the southeast Asian market as it bids to tap into the take-up of e-commerce across the region in a $13.6 million funding round for Thailand-based aCommerce. The start-up is an ambitious regional play, acting as both an online platform and logistics partner to help brands, including L’Oreal, Adidas and Nestle, set up an online retail presence in countries across the area.



Start me up, don’t tie me down

When young entrepreneurs go to venture capitalists like Elaine Stead to fund their dreams, they have made a choice that will shape the course of their lives. “If they have a belief in their business idea, they’re happy to make that choice,” says Stead of Blue Sky Funds. Over the past decade, Blue Sky has funded 2500 entrepreneurs into the new economy through businesses in technology, food and agriculture, healthcare, education, retail and even a dunny business.



Milk & Co – front cover of The Deal magazine

“I was naïve about the effort required and the relentless nature of running a business” Michael Klim thought he had his new career figured out. But the Olympian turned managing director of Milk & Co found it was not so easy.



Telstra snaps up tech developer Readify

Australian Financial Review – Telstra has acquired Melbourne-based developer, IT consultancy and Microsoft partner Readify to add to its growing portfolio of network enterprise, security and services business. The purchase is the second Microsoft partner that Telstra has bought this year, with the telecommunications giant understood to have paid $40 million for cloud migration services business Kloud in January.



Podcast: Morgans Executive Series

Morgans Adviser, Chris Titley interviewed Mark Sowerby yesterday in the latest episode of the Morgans Executive Series. The interview provides an insight into the history and growth of Blue Sky and highlights the guiding principles of the business.