Collapsed Blue Sky faces $ demand that is 100m loan providers

Collapsed Blue Sky faces $ demand that is 100m loan providers

By Sarah Danckert

Financiers to market that is one-time Blue Sky Alternative Investments could look for a $100 million “make whole” re re re payment prior to the team is restructured and resurrected.

US hedge investment Oaktree Capital Management on Monday called in receivers to Blue Sky, which manages $2.8 billion and it is distinguished within the investment capital areas that gas the rise of the latest technology organizations, after having a period that is troubled the investment supervisor.

Blue Sky founder Mark Sowerby nevertheless keeps an important stake in the team. Credit: Glenn Search

Sources told age plus the Sydney Morning Herald that Oaktree has required payment of this complete $100 million it thinks its eligible to under a financing agreement that has been finalised a year ago. Read More