Caixin
May 17, 2018 07:01 AM
BUSINESS & TECH

SoftBank’s Massive Vision Fund Plans for a Sequel

Masayoshi Son, the CEO of SoftBank Group Corp. is known for his risk-loving unicorn hunting. Photo: VCG
Masayoshi Son, the CEO of SoftBank Group Corp. is known for his risk-loving unicorn hunting. Photo: VCG

The world's biggest technology fund is getting even bigger.

Masayoshi Son, the CEO of SoftBank Group Corp., disclosed Tuesday that his $100 billion Vision Fund will soon launch a second fund.

Son didn’t give a specific timeline, but the Japanese entrepreneur said at a forum in Tokyo that the Vision Fund 2.0 would come “sometime in the near future.”

Son has held preliminary discussions with investors about committing to a second fund as early as 2019, according to Bloomberg, citing people close to the talks. The people said the planned fund would most likely draw a wider pool of investors than the first one and is likely to be similar in size.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.