Ann: Blue Sky H1 FY19 Results Update, page-34

BAF 13/11/2018
"During October, the Alternatives Fund received the proceeds from the previously announced sale of its investments in five retirement living projects. BAF invested $14.5m across these 5 funds over the period since June 2016. The aggregate return on invested capital from these funds was 1.25x producing an IRR of 16%, before tax and inclusive of fee rebates. This brings BAF's realised track record across 15 funds exited to date to a weighted average IRR of 19% and 1.4x return on invested capital."