Mark Delaney, the chief investment officer of $341 billion superannuation giant AustralianSuper, says he is still smarting over $1.1 billion of capital lost on a soured investment in education software start-up Pluralsight.
The super fund giant took a stake in Pluralsight alongside long-standing specialist venture fund Vista, but they were forced to write off billions of dollars earlier this year when the company, which was acquired for $US3.5 billion in 2021, could not pay its lenders.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
