Australia’s Top Pension Takes Hit on Pluralsight Restructure
- AustralianSuper has been pushing into private markets
- Fund confirms loss on online training firm Pluralsight
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AustralianSuper, the country’s largest pension, has written down its investment in US education software firm Pluralsight Inc. after private credit lenders agreed to take ownership of the company.
AustralianSuper is an investor in Vista Equity Partners, which bought Pluralsight three years ago, according to the pension’s latest disclosures. Vista and its co-investors are losing around $4 billion on their original equity investment, Bloomberg News reported last week.