Robert Smith, founder, chair and CEO of Vista Equity Partners, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016.
With this debt, Vista could generate strong returns if Pluralsight's business performed well, according to the sources.
They also show that Vista propped up Pluralsight by allowing it to borrow $162.5 million from its private equity fund.
"The company experienced rapid deterioration of its business in the first quarter," Vista wrote in a fund document dated May 28.
In a May 28 update to fund investors, Vista said Pluralsight's equity value went from $1.5 billion to zero in the first quarter of 2024.
Persons:
Robert Smith, Lucy Nicholson, Vista, Pluralsight, Goldman Sachs, Golub, Gustavo Schwed, NYU Stern, It's, Steven Kaplan, Kaplan, Chris Walters, Aaron Skonnard, Walters, Skonnard, KBRA, Milana Vinn, Greg Roumeliotis, Dave Gregorio
Organizations:
Vista Equity Partners, Milken Institute Global Conference, REUTERS, Vista Equity, Reuters, Cloud, U.S . Securities, Exchange Commission, Vista, NYU, Chicago Booth School, Business, Thomson
Locations:
Beverly Hills , California, U.S, Vista, BlackRock, Oaktree, Pluralsight, New York