SoftBank's Vision Fund

Masayoshi Son used to run a tech company but he has not 'operated' anything for a while.

Chief Executive Masayoshi Son has long emphasised the total value of assets as his preferred yardstick

SoftBank has pushed back against creating such a committee, with executives arguing investments already vetted by top management and $3-5 billion deals put to the large limited partners

The fund plans to reserve some of the remaining cash to pay back a coupon attached to the Saudi investment, said some of the people

The restructuring in China is in line with the global restructuring exercise announced in January 2020, said sources.

SoftBank was targeting a $108 billion fundraise for the second Vision Fund and had committed $38 billion of its own money towards that goal

The numbers are also the latest reminder of the inherent risk in Son's strategy of betting big on untested startups

SoftBank said in July that its second Vision Fund would be even larger than the first, which broke records in 2017 by raising almost $100 billion

TOKYO (Reuters) - SoftBank Group Corp <9984.T> and its founder Masayoshi Son face a day of reckoning on Wednesday when the investment juggernaut is likely to post weak quarterly results, hit by hefty falls in the valuation of some of its biggest tech bets.

SoftBank wants to raise a new massive fund every two or three years to take advantage of opportunities he sees in cutting-edge technologies

The move would mark the latest Chinese deal by the mammoth $100 billion investment fund as it looks to expand in the world's No.2 economy

The Vision Fund plans to open its first China office in Shanghai next year, followed by Beijing and Hong Kong

Deals have run the gamut from smaller investments in start-ups to larger deals with public companies