Blue Owl-Led Private Debt Group Takes Ownership of Pluralsight

Private credit lenders have agreed to take ownership of Pluralsight Inc., three years after Vista Equity Partners bought the educational-software company, in a markedly swift unraveling of a private equity investment.

The proposed restructuring is expected to wrap up as soon as Thursday after months of negotiations, according to people with knowledge of the matter, who were not authorized to speak publicly.

A group of lenders led by Blue Owl Capital Inc. is injecting about $275 million of new money into Pluralsight in the form of loan facilities, with roughly $125 million funded as of this week, the people ...