Startups, rejoice: SoftBank is planning another $100B Vision Fund

The second fund will be the same size as the current one

TRD NATIONAL /
May.May 09, 2019 09:00 AM
Softbank CEO Masayoshi Son (Credit: Getty Images and iStock)

Softbank CEO Masayoshi Son (Credit: Getty Images and iStock)

SoftBank, the biggest backer of unicorn real estate startups, is planning its second Saudi-backed $100 billion Vision Fund.

The second fund will be about the same size as the current one, the Wall Street Journal reported. Less than two years after the launch, the company has deployed most of its capital, investing in companies including Uber and WeWork.

SoftBank has been a major player in the venture capital scene, giving startups an option to avoid publicly listing their companies. The Vision Fund had a return on its investments of 29 percent as of March, the report said. Returns for SoftBank were 62 percent, including performance fees.

SoftBank has approached existing Vision Fund investors but plans to approach a broader group of potential investors.

A previous report noted that the Japanese conglomerate was in talks with investors to add another $15 billion to their already huge $100 billion Vision Fund, and were considering raising capital for a second fund. The company is also considering an initial public offering for the fund.

Since 2017, Masayoshi Son’s SoftBank has used its Vision Fund to invest $70 billion in technology start-ups, including office-leasing giant WeWork — now called the We Company — and brokerage Compass. Son previously stated that he aims to raise a new $100 billion fund every two or three years. [WSJ] — 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

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

Masayoshi Son

Small Talk: Our foolproof plan to get SoftBank’s investments back on track

From left: WeWork’s Adam Neumann and SoftBank’s Masayoshi Son (Photo-Illustration by Nazario Graziano)

Piecing together SoftBank’s disruptive real estate bets

SEC launches WeWork probe: report

SEC launches WeWork probe: report

4650 Broadway (Credit: Google Maps)

Inwood site goes for twice what seller paid last year

Softbank's Masayoshi Son and Jared Kushner (Credit: Getty Images)

SoftBank wanted Jared Kushner to divest from Cadre

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

arrow_forward_ios