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AustralianSuper, the largest superannuation fund in Australia, has incurred a significant financial loss, writing off more than $1.1 billion in equity and loans related to the American tech firm Pluralsight. This marks the fund's single worst investment in venture capital. The write-down occurred after private credit lenders agreed to take ownership of Pluralsight. Despite this setback, AustralianSuper remains committed to investing in venture capital and private equity.
Australia’s biggest super fund, @AustralianSuper “will continue to invest in private equity”, despite taking a $1B hit on an online education failure. @FinancialReview https://t.co/hkugGQXsza
AustralianSuper, the country’s largest pension, has written down its investment in US education software firm Pluralsight after private credit lenders agreed to take ownership of the company https://t.co/VKmILkriQL
Australia's largest super fund 🤝 venture capital $1.1 billion loss https://t.co/4Uj9olk47N
