Investments
The Private Equity Sky Fund (SKY), which specializes in investments in mature Israeli companies, today announced the completion of a $ 350 million fundraiser for the fourth fund.
Since starting operations in 2005, Sky has raised 4 funds totaling approximately $ 800 million. Sky’s investment policy is the acquisition of control or joint control of mature Israeli companies and active involvement in creating value in companies, using low leverage.
The fund’s investors, most of them institutional investors who have invested in previous funds, and who have been joined by new investors, against the background of the high returns that the fund consistently presents to its investors.
The fund closed at the fundraising ceiling, when the fund’s managers chose not to increase it despite excessive demand from investors, in order to continue operating in a business environment similar to that in the previous funds.
Zvika Yochman, founder and managing partner of the Sky Foundation, He said: “We thank investors for the renewed confidence for the fourth time. The new fund will continue the investment policy of the previous funds: investing in mature Israeli companies in diverse fields with the potential to flood value. The fund will continue to be actively involved in creating value for its portfolio companies, as it has done in recent years. ”
The partners in the Sky Fund are Zvika Yochman, Nir Dagan, Amir Arban, Zion Agiv, Liat Binyamini and Meital Heller, who have been working together for many years.
The third fund was raised in 2017 and completed its investments in the past year, with the acquisition of 100% of NGSOFT from the public Batam company and 50% of Soltam from the Mayo family.
In recent months, Sky has realized two of its investments in the third fund in high returns.