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The Blue Skye Fund is backed by a consortium of investors led by IDeA and the Blue Skye management team and including DeA Capital. D.B. Zwirn & Co. has indirectly retained a minority interest in the Blue Skye Fund.

The Blue Skye Fund will be managed by the existing managers of Blue Skye, Salvatore Cerchione and Gianluca D'Avanzo, leveraging on existing skills, resources and operating platforms utilised in the successful expansion of Blue Skye. The Fund will continue to seek additional capital from qualified international investors in order to grow its activities and pursue its core strategies including through investment in new products and markets.

The Blue Skye Fund will continue to target investments in special opportunity and distressed assets and securities. It will ultimately seek to “chase illiquidity” in circumstances where Collateral is solid and the Blue Skye Fund can, directly or indirectly, maintain Control of process and/or operations. Investments will span a variety of industries, investment products and core geographies to find permutations that can provide optimal risk-adjusted returns. The Blue Skye Fund has assets under management of approx. €250 million invested mainly in Special Lending/Mezzanine, Illiquid Credit/Factoring, Non Performing Loans, Real Estate, and other Distressed Assets.

Blue Skye Investment Group is a group of investment companies which started its activity during 2005 with less than €20 million and since then has completed investments with a value of more than €440 million through an integrated network of almost 10 companies which are a combination of fully owned subsidiaries and joint ventures. Blue Skye and its exclusive partners have, between them, more than 30 employees in multiple office locations.

IDeA Alternative Investments SpA (Milano, Italy) is the ultimate holding company of a group which acts as managers of private equity funds, private equity funds of funds and other funds, with aggregate funds under management of approximately €1.9 billion. IDeA was founded at the end of 2006 as a joint venture between certain managers and key shareholders of each of Investitori Associati S.p.A. SGR and Wise S.p.A. SGR, certain other private investors and De Agostini Group through DeA Capital S.p.A.