SoftBank Spends $2.5 billion to get second Vision Fund off the ground

SoftBank, Vision Fund, new investments, fundraise, cash
SoftBank Spends $2.5 billion to get second Vision Fund off the ground

SoftBank has pumped $2.5 billion of its cash into new investments since October, reports Reuters. The conglomerate is also considering investing another $2.5 billion of its own money. SoftBank Chief Executive Masayoshi Son said the company could spend up to two years investing its money in a bridge fund, to build a portfolio that will give investors enough confidence to participate in a second Vision Fund. SoftBank said the first Vision Fund had realized $9.5 billion in cash and mark-to-market gains as of December-end. SoftBank was targeting a $108 billion fundraise for the second Vision Fund and had committed $38 billion of its own money toward that goal.

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Source: https://in.reuters.com/article/us-softbank-visionfund/softbank-spends-2-5-billion-to-get-second-vision-fund-off-the-ground-sources-idINKBN20C0N3

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