Blue Sky Private Equity has invested in another private business just weeks after establishing its first fund aimed at sophisticated investors interested in the small to medium enterprise sector, buying a 35 per cent stake in project management firm Enthalpy.

Blue Sky Alternative Investments Limited (Blue Sky) is an Australian Securities Exchange listed (ASX:BLA) alternative asset manager with more than $2 billion in assets under management. Headquartered in Brisbane, Blue Sky has offices in Adelaide, Sydney, Melbourne and New York and a team of over 80 investment professionals and support staff.