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Jay Weatherill, Premier of South Australia – Blue Sky Venture Capital, one of Australia’s leading venture capital fund managers, has been selected to manage the State Government’s 15 year, $50 million South Australian Venture Capital Fund. The appointment follows an extensive tender and evaluation process. The State Government’s SAVCF will support local ventures with high growth potential to secure funding and accelerate growth into national and global markets, stimulating economic growth and job creation in South Australia. Blue Sky Venture Capital will expand its office in Adelaide, with employees dedicated to the SAVCF, who will work alongside local businesses and organisations to identify high growth potential South Australian companies for investment and help attract additional private sector funding from national and international investors.More
The Australian – Retirement developer and operator Aura Holdings is looking at sites in Sydney to expand its reach in seniors living units. Aura is backed by ASX-listed private equity fund Blue Sky Investments and is negotiating to buy two sites in suburban Sydney for retirement living projects. Aura managing director Tim Russell said his company had the contacts and Blue Sky had the development management expertise to allow them to expand from its southeast Queensland base.More
AFR – Competition among student accommodation providers is heating up, convincing some groups such as Atira – the joint venture between Goldman Sachs and listed Blue Sky Alternative Investments – to offer services with a difference, even in-house pets to make students feel more comfortable. Atira’s newly appointed chief executive and former Flight Centre executive Andrea Slingsby has identified the competition and is racing to be the preferred student accommodation provider for Australia’s big universities who have become dependant on the profitability of international students and can dictate, to some extent, where those students turn to for accommodation.More
Student Housing Business – Formed in 2013, Student Quarters, an established student accommodation provider in the US owns 17 assets in the Southeast and Southwest with a total of 4,230 beds. In 2016, the company was recapitalized via a partnership with Blue Sky Alternative Investments, an Australian asset management firm. Blue Sky has expanded into developing and operating student housing in their home country via a $1 billion partnership with Goldman Sachs to develop up to 10,000 beds across Australia and New Zealand, and the firm saw opportunities for consolidation in the United States. Student Quarters was the partner they chose to make that happen.More
The Australian – What is the point of looking at alternative investments, particularly for the retail investor in Australia? Global institutional investors allocate 20-25 per cent of their portfolios, on average, to alternatives (or private markets investments). In Australia, the Future Fund allocates approximately 39 per cent of its portfolio to alternatives, and retail investors are recognising the opportunity. Alternatives offer superior returns and they allow investors to diversify away from equities and debt.More
Financial Observer – Blue Sky Managing Director, Rob Shand said average portfolio allocations to alternatives in Australia had risen from 5 per cent to 20 per cent over the past two decades, a growth that could be attributed to retail investors discovering the benefits of the asset class. “Institutional investors have always had access to alternatives, but what we’ve seen over the last few years is the recognition that if the best of the best are allocating 20 per cent of their portfolios to alternatives, maybe that’s something that a high net worth individual or family office should also do.”More
The Australian – Shoes of Prey co-founder Jodie Fox has shooed off critics, declaring her business is well on track as she outlined aggressive plans to revolutionise women’s fashion. The entrepreneur, who now spends most of her time in Los Angeles running the online shoe design business she started in 2009, insisted claims that the firm was burning through cash too quickly were not an accurate picture.More
Money Management – Blue Sky’s Chief Investment Officer, Alex McNab, said high performance of alternatives had been forecast for 2017. “We are at a moment in time when traditional asset classes have an unattractive medium-term return outlook and unusually high levels of risk.”More
Blue Sky Alternative Investments Limited (ASX: BLA) today announced its results for the half year ending 31 December 2016, reporting a significant rise in revenue, profitability, cash flow and fee-earning assets under management.More
Stem cell biologist turned venture capitalist Elaine Stead has parlayed her passion for science into helping others grow multi-million dollar enterprises. As managing director of Blue Sky Venture Capital, Elaine is at the forefront of venture capital in Australia. She’s currently fundraising AU$200 million to invest in the Next Big Thing.More
Courier Mail – Investors and farmers gain from a liquid asset. Kim Morison grew up on a West Australian wheat farm where regular droughts meant every drop of water was precious. Now the Blue Sky executive controls enough water to fill a large part of Sydney Harbour as head of the investment firm’s water trading division.More