SoftBank tops its own record with a $108B Vision Fund 2

Investors include Apple, Foxconn, Microsoft and Kazakhstan’s sovereign wealth fund, according to SoftBank

National /
Jul.July 26, 2019 10:00 AM
Softbank CEO Masayoshi Son (Credit: Getty Images and iStock)

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

SoftBank has outdone itself, announcing a mega-fund that tops its initial $100 billion Vision Fund at $108 billion gathered from a dozen investors. Vision Fund 2 will target the technology sector, with a focus on artificial intelligence. Of that $108 billion, nearly $40 billion will come from Masa Son’s own SoftBank Group.

The investors include Apple, Microsoft, and Kazakhstan’s sovereign wealth fund, according to SoftBank. With other investors including Goldman Sachs, the fund is expected to continue growing, Wall Street Journal reported.

Real estate companies that have received billions from the original Vision Fund include WeWork, Compass, Katerra and OpenDoor.

Questions still remain about when the fund will start operating — with some of the investors who were named in SoftBank’s press release saying they are waiting to see the fund’s term sheet before they decide how much they will invest. The minimum amount investors have to ante up is $100 million, and some firms voiced concerns over the fund’s transparency.

In the second iteration of the Vision Fund, SoftBank was able to keep two investors, Apple and Foxconn Technology Group, while attracting investors who are usually more skittish: pension firms, banks and insurance companies. Other Vision Fund investors who are likely to join Vision Fund 2 include Saudi Arabia’s sovereign wealth fund and the United Arab Emirates. [WSJ] – Georgia Kromrei


Related Articles

arrow_forward_ios
Softbank CEO Masayoshi Son and Compass CEO Robert Reffkin (Getty, Compass)
SoftBank buys $72M of Compass stock
SoftBank buys $72M of Compass stock
Better CEO Vishal Garg and SoftBank CEO Masayoshi Son (Better.com, Getty)
Better.com lands $500M investment from SoftBank
Better.com lands $500M investment from SoftBank
Redwood Estates in Thorton, Colorado and Brookfield Asset Management's Bruce Flatt. (Bayshore Home Sales, Brookfield)
Brookfield snags $2B refi for massive mobile home portfolio
Brookfield snags $2B refi for massive mobile home portfolio
Clockwise from left: Ori Allon, Robert Citrone, Robert Reffkin and Masayoshi Son (Getty/Illustration by Kevin Rebong for The Real Deal)
Here’s who made bank in Compass’ IPO
Here’s who made bank in Compass’ IPO
Overall, mortgage credit availability is at its lowest level since 2014. (iStock)
Mortgage lenders play hard-to-get
Mortgage lenders play hard-to-get
Robert Reffkin and Ori Allon (Getty, iStock)
What you need to know about Compass’ IPO this week
What you need to know about Compass’ IPO this week
Softbank CEO Masayoshi Son and Adam Neumann (Getty/Illustration by Kevin Rebong for The Real Deal)
Adam Neumann, SoftBank near settlement agreement
Adam Neumann, SoftBank near settlement agreement
Acore Partner Warren de Haan. (Acore, Getty)
Acore Capital raises $1B to provide rescue cash to hotels
Acore Capital raises $1B to provide rescue cash to hotels
arrow_forward_ios

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

Loading...