Fallen market darling Blue Sky enters administration

Financiers to one-time market darling Blue Sky Alternative Investments have appointed receivers to the troubled group following a breach of its lending requirements.

Blue Sky manages $2.8 billion in investments and is well known in the venture capital markets that fuel the growth of new tech companies.

Blue Sky manages $2.8 billion in investments and is well known in the venture capital markets that fuel the growth of new tech companies.Credit:Erin Jonasson

Blue Sky, which manages $2.8 billion in investments and is well known in the venture capital markets that fuel the growth of new tech companies, had receivers from KordaMentha appointed on Monday on behalf of noteholder Oaktree Capital Management.

At the same time, the directors of Blue Sky appointed representatives from insolvency group Pilot Partners as voluntary administrators to the group.

A separate listed Blue Sky entity, the Blue Sky Alternative Access Fund has not been placed in administration or receivership.

Источник: Theage.com.au

Источник: Corruptioner.life

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