The Private Equity Sky has completed the establishment of a fourth fund with a total financial capital of $ 350 million

The Private Equity Sky Fund (SKY) has completed the establishment of a fourth fund with a total financial capital of $ 350 million. Sky intends to continue its investment policy in mature companies using low leverage.
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 investors in the fund, most of them institutional investors who have invested in previous funds, and who have been joined by new investors, in an attempt to locate returns in alternative channels.
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 Fund, said: "The new fund will continue the investment policy of the previous funds: investing in mature Israeli companies in diverse fields with potential for value flooding. The fund will continue to be actively involved in creating value for its portfolio companies."
The partners in the Sky Fund are Zvika Yochman, Nir Dagan, Amir Arban, Zion Agiv, Liat Binyamini and Meital Heller. 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. Gru, which was acquired from Global Groupon, was sold to Melisron, at a price that reflects a 6.5-fold multiplier on Sky's investment. In addition, Sky completed the issuance of Idigital (Icon Group) on the Tel Aviv Stock Exchange, at a price that reflects a multiplier of 10 on the fund's investment.
In total, in the last two years, Sky has executed 8 transactions, including the sale of control of the Mushroom Marina to Green Lantern and Discount Capital, the sale of Gasttnertech to the stock exchange Matrix, and the sale of its holdings in Schnep to the Ambassador Group. Among the Sky Fund's investments today: Hamashbir and Haklai, A.L. Filters, SAL, Idigital, Aztec-NGSOFT Group and Soltam.