SoftBank launches $5B Latin America fund led by former Sprint CEO

Fund will focus on e-commerce, health care, digital financial services

TRD MIAMI /
Mar.March 10, 2019 09:00 AM

SoftBank’s Masayoshi Son (Credit: Getty, Pixabay)

SoftBank is launching a $5 billion fund to invest in technology startups across Latin America.

Marcelo Claure, the former CEO of Sprint and a partner in the David Beckham-led venture to build a Major League Soccer complex in Miami, will run the fund. The new fund will focus on investments in e-commerce, health care, digital financial services and others industries throughout Latin America, according to CNBC.

Investors in SoftBank’s $100 billion Vision Fund have grown disgruntled as of late. The sovereign wealth funds of Saudi Arabia and Abu Dhabi have complained about SoftBank’s practice of buying stakes in companies and then passing them onto the Vision Fund at a premium.

SoftBank has invested billions into startups like Uber and Compass over the past few years. Investors are concerned that its CEO Masayoshi Son is buying shares of companies at valuations that are at market-peak pricing, citing SoftBank’s most recent $2 billion investment into The We Company, previously known as WeWork. [CNBC] – Katherine Kallergis


Related Articles

arrow_forward_ios
Matt Rieger and a rendering of Paradise Lake Apartments

Developer scores financing for West Kendall affordable housing project

Wynwood 25 and Wynwood Annex with Jon Paul Perez and Jonathon Yormak (Credit: East End Capital/Related Group)

Related, East End score $136M refi of Wynwood projects

These real estate power players are involved in 2019’s juiciest lawsuits (Credit: Getty Images)

Here are South Florida’s juiciest lawsuits of 2019

Best of TRD 2019 promo

Coming soon: The Real Deal’s Best of 2019

Madison Realty Capital'a Josh Zegen and Fort Partners' Nadim Ashi  

Four Seasons in Fort Lauderdale scores $210M loan

Daily Digest Miami

Monroe County seeks $150M to combat sea level rise, Bloomberg’s record may polarize voters

Daily Digest Miami

South Florida home sales struggle in October, Cipriani and Terra plan luxury condo

Daily Digest Miami

Compass sweetens agent stock program for 2020, affordable housing project in downtown Fort Lauderdale lands $27M loan: Daily digest

arrow_forward_ios
Loading...