Brisbane-based investment company BlueSky Alternatives Fund (ASX:BAF) has raised approximately $49 million in an oversubscribed offering.
The shortfall facility which opened yesterday was closed on the same day due strong uptake, with an offer of nearly 20 million new shares.
The offer was brought to investors through a book build process that was supported by a range of investors and financial planners nationally.
The new shares will be allotted with holding statements on 24 November 2017.
The facility was managed by financial firms Ord Minnett, Taylors Collison and Shaw and Partners.
Shares in BlueSky (ASX:BAF) are trading flat at $1.24.