Saudi PIF Is Among Investors Who Lost Money on Pluralsight Deal

Saudi Arabia’s sovereign wealth fund is one of the co-investors that lost money on Vista Equity Partners’ acquisition of Pluralsight Inc., according to people with knowledge of the matter.

A handful of Vista’s big clients — including the Public Investment Fund — directly joined the acquisition and contributed equity, the people said, asking not to be named discussing a private transaction. The exact size of PIF’s loss could not immediately be determined.

Vista acquired the educational-software company in 2021 and lost about $4 billion on the transaction along with its co-investors following a debt restructuring that wrapped up ...