SoftBank sets up Vision Fund to invest in tech sector

Nieuws Algemeen Japan 14 OCT 2016
SoftBank sets up Vision Fund to invest in tech sector

SoftBank Group will form a private fund to make investments in the technology sector globally. Via the SoftBank Vision Fund, SoftBank Group expects to invest at least USD 25 billion (approximately JPY 2.6 trillion) over the next five years. SoftBank Group has also signed a non-binding MoU with the Public Investment Fund of the Kingdom of Saudi Arabia (PIF), under which PIF will consider investing in the Fund and becoming the lead investment partner, with the potential investment size of up to USD 45 billion (approximately JPY 4.7 trillion) over the next five years.

A few large global investors are also in active dialogue to join SoftBank Group and PIF to participate in the SoftBank Vision Fund. The overall potential size of the Fund can go up to USD 100 billion (approximately JPY 10 trillion).

The objective of SoftBank Group to establish the Fund is to accelerate SoftBank Group’s global growth strategy through the investments via the Fund and alliances with portfolio companies of the Fund.

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