News & Analysis

Blue Sky, the $2.8 billion fund manager backing Australian startups, is in receivership

- May 20, 2019 2 MIN READ

ASX-listed investment fund Blue Sky (BLA) has been placed in receivership over a $50 million loan to US financier Oaktree Capital Management. In a statement to the ASX today, KordaMentha said it had been appointed receivers and managers to Blue Sky Alternative Investments Ltd as the business was in breach of a financial covenant relating… Read more »