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Asset/Investment Management
FINANCE
blueskyfunds.com.au

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Investments

16

Portfolio Exits

2

Funds

4

Partners & Customers

1

About Blue Sky Alternative Investments

Blue Sky Alternative Investments is an Australian based diversified alternative asset manager specialising in four asset classes; Private Equity, Private Real Estate, Hedge Funds and Real Assets. The company listed on the Australian Securities Exchange in January 2012 (ASX:BLA).

Blue Sky Alternative Investments Headquarters Location

2nd Floor, Port Office Suites 40 Edward Street

Brisbane, Queensland, 4000,

Australia

+61 (0) 7 3270 7500

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Blue Sky Alternative Investments Web Traffic

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Blue Sky Alternative Investments Rank

Latest Blue Sky Alternative Investments News

Shine, Piper Alderman team up for Blue Sky legal action

Aug 16, 2022

Share Class action law firms Shine and Piper Alderman will jointly pursue the bankrupt Blue Sky Alternative Investments, rather than file potentially overlapping and competing cases. The two firms, both investigating potential class actions, told Blue Sky investors on Tuesday that were joining forces to try to get the best potential outcome for shareholders. Blue Sky Alternative Investments went into administration and receivership in May 2019. Class action law firms including Shine and Piper Alderman are reviewing its disclosures. Ryan Stuart Shine would spearhead any class action filing, should there be one. “These separate investigations had the potential to lead to a carriage contest, in the event that two overlapping class actions were to be filed,” the firms said in the joint statement. “This would have involved a significant delay in progressing claims against Blue Sky. Advertisement “Piper Alderman, Shine Lawyers and funder, LCM have now agreed to collaborate in relation to their investigative work, and have agreed that Shine Lawyers will solely conduct any class action filed against Blue Sky. “LCM will continue to fund the investigation into the proposed class action. This means any class action will have the benefit of both firms’ work to date, while also avoiding any costs and delays associated with a potential carriage contest.” The firms are trawling over Blue Sky Alternative Investments’  disclosures , considering whether there was any overstatement of eranings on its assets which may have led to an overinflated share price to investors. Brisbane-based Blue Sky oversaw funds with assets from a burrito chain to property investments, posting rocketing profits and share prices. But the wheels fell off after Glaucus Research, short-sellers that make money from share prices falling , dispatched research in March 2018 casting doubt on areas from how Blue Sky was valuing investments to the amount of assets under management.

Blue Sky Alternative Investments Investments

16 Investments

Blue Sky Alternative Investments has made 16 investments. Their latest investment was in aCommerce as part of their Series C on July 7, 2019.

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Blue Sky Alternative Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/22/2019

Series C

aCommerce

$10M

No

6

10/30/2018

Series C

Akulaku

$70M

Yes

5

5/21/2018

Bridge

Shoes of Prey

No

1

3/26/2018

Series A

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$99M

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10

11/20/2017

Series B

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$99M

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10

Date

7/22/2019

10/30/2018

5/21/2018

3/26/2018

11/20/2017

Round

Series C

Series C

Bridge

Series A

Series B

Company

aCommerce

Akulaku

Shoes of Prey

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Amount

$10M

$70M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

6

5

1

10

10

Blue Sky Alternative Investments Portfolio Exits

2 Portfolio Exits

Blue Sky Alternative Investments has 2 portfolio exits. Their latest portfolio exit was Thr1ve on December 10, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/10/2018

Acquired

$99M

2

7/4/2016

Acquired

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$99M

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10

Date

12/10/2018

7/4/2016

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

10

Blue Sky Alternative Investments Acquisitions

2 Acquisitions

Blue Sky Alternative Investments acquired 2 companies. Their latest acquisition was Active Adventures on August 07, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/7/2017

$99M

Acquired

1

4/14/2016

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$99M

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10

Date

8/7/2017

4/14/2016

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

Blue Sky Alternative Investments Fund History

4 Fund Histories

Blue Sky Alternative Investments has 4 funds, including South Australian Venture Capital Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/6/2017

South Australian Venture Capital Fund

$50M

1

6/23/2015

Blue Sky Venture Capital

$99M

10

AgFund

10

Blue Sky Venture Capital II

10

Closing Date

7/6/2017

6/23/2015

Fund

South Australian Venture Capital Fund

Blue Sky Venture Capital

AgFund

Blue Sky Venture Capital II

Fund Type

Status

Amount

$50M

$99M

Sources

1

10

10

10

Blue Sky Alternative Investments Partners & Customers

1 Partners and customers

Blue Sky Alternative Investments has 1 strategic partners and customers. Blue Sky Alternative Investments recently partnered with Equinox Funds, and Deutsche Bank on November 11, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

11/21/2017

Partner

United States, and Germany

1

Date

11/21/2017

Type

Partner

Business Partner

Country

United States, and Germany

News Snippet

Sources

1

Blue Sky Alternative Investments Team

3 Team Members

Blue Sky Alternative Investments has 3 team members, including former Chief Operating Officer, Andrew Prebble.

Name

Work History

Title

Status

Andrew Prebble

Chief Operating Officer

Former

Digby Beaumont

Managing Director

Former

David Hobart

Managing Director

Former

Name

Andrew Prebble

Digby Beaumont

David Hobart

Work History

Title

Chief Operating Officer

Managing Director

Managing Director

Status

Former

Former

Former

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