SoftBank just lined up $45B for another Vision Fund

Saudi Arabia’s sovereign fund is making its second investment

National /
Oct.October 08, 2018 09:30 AM

Masayoshi Son and Mohammed bin Salman (Credit: Getty Images)

SoftBank’s second Vision Fund already has one major investor.

Saudi Arabia’s Public Investment Fund plans to put $45 billion into the new fund, two years after making an investment of the same amount, Bloomberg reported. The PIF, which is looking to deploy a $170 billion windfall, has seen a “huge benefit” from the first Vision Fund, according to Crown Prince Mohammed bin Salman.

Masayoshi Son’s Vision Fund has poured billions into several real estate tech ventures in recent years. Last month, the Japanese conglomerate announced a $400 million investment in Opendoor, a home-flipping startup. At the same time, brokerage Compass raised a $400 million Series F led by SoftBank’s Vision Fund and Qatar Investment Authority. The deal, which is SoftBank’s second investment in the firm, values Compass at $4.4 billion.

The Vision Fund is also reportedly in talks to invest more in WeWork, in a deal that would value the co-working giant between $35 billion and $40 billion.

Last month, Son told Bloomberg he planned to raise a new $100 billion fund every two to three years. [Bloomberg] — Meenal Vamburkar

 

Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Carpenter & Company's Richard Friedman and 2 Canal Street in New Orleans (Carpenter & Company, Google Maps)
New Orleans Four Seasons lands $315M loan from Madison Realty Capital
New Orleans Four Seasons lands $315M loan from Madison Realty Capital
Cohen Brothers Realty’s Charles Cohen and 750 Lexington Avenue (Getty Images, Cohen Brothers Realty, Council on Tall Buildings and Urban Habitat)
Cohen Brothers’ Midtown tower back in special servicing
Cohen Brothers’ Midtown tower back in special servicing
ASG's Steve Reardon, DoorLoop's Ori Tamuz and David Bitton (ASG, DoorLoop)
Property management startup DoorLoop raises $20M
Property management startup DoorLoop raises $20M
Carmel Partners' Ron Zeff and a rendering of the LIC project (Getty Images, Carmel Partners, Privcap)
Carmel Partners nabs $364M loan for Queens development
Carmel Partners nabs $364M loan for Queens development
Discovery Capital Management's Robert Citrone, Compass' Robert Reffkin and BlackRock's Larry Fink (Getty, Legends4Legends)
Institutional investors take dueling approaches to Compass stock
Institutional investors take dueling approaches to Compass stock
Dealpath's Mike Sroka (Dealpath, Getty)
Deal management platform Dealpath raises $43M Series C
Deal management platform Dealpath raises $43M Series C
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...