diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 97bce112d..4e31c1517 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.23.0"
+  ".": "0.23.1"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0c9dd351a..3483450c1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,16 @@
 # Changelog
 
+## 0.23.1 (2024-11-14)
+
+<!-- Release notes generated using configuration in .github/release.yaml at main -->
+
+## What's Changed
+### Fixes 🔧
+* fix: set container name to manager to ensure we wait for it by @faiq in https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/pull/975
+
+
+**Full Changelog**: https://github.com/nutanix-cloud-native/cluster-api-runtime-extensions-nutanix/compare/v0.23.0...v0.23.1
+
 ## 0.23.0 (2024-11-13)
 
 <!-- Release notes generated using configuration in .github/release.yaml at main -->
diff --git a/docs/hugo.toml b/docs/hugo.toml
index 7dcd4aa62..a99311bcd 100644
--- a/docs/hugo.toml
+++ b/docs/hugo.toml
@@ -71,7 +71,7 @@ archived_version = false
 # The version number for the version of the docs represented in this doc set.
 # Used in the "version-banner" partial to display a version number for the
 # current doc set.
-version = "0.23.0"
+version = "0.23.1"
 
 # A link to latest version of the docs. Used in the "version-banner" partial to
 # point people to the main doc site.