Blue Sky Limited
(ASX:BLA) has announced it has closed its Retail Entitlement Offer, raising a total of $36.8 million.
The offer had greater than 86 percent take up, and was complemented by a placement to investors which raised an additional $30 million.
The offer price for shares under both the Placement and the Entitlement Offer was $6.50 per share.
Blue Sky will use the equity raised to support ongoing co-investment into funds managed by the company and for balance sheet support for new funds launched.
Blue Sky reported a net profit of $4.48 million at 31 December 2015.
