‘It burns’: Aus Super CIO tormented by $1.1billion private equity fail

The Australian Financial Review
2024-10-29

Mark Delaney, the chief investment officer of $341 billion superannuation giant Australian Super, 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 at 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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