Nearly 18 months after lenders to Pluralsight took over the educational-software business, some of them are booking fresh losses on their investments.
Oaktree Specialty Lending Corp. disclosed on an earnings call Wednesday that it has marked down its equity investment in the business to zero. Ares Capital Corp. also marked its equity holding in Pluralsight to nothing, according to regulatory filings.
Vista Equity Partners agreed to buy Pluralsight in late 2020 but a mix of higher interest rates, increased competition and softening demand sparked a swift unraveling of its investment. A group of private credit lenders led by ...
