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SoftBank's Son says new Vision Fund to be set up in 'near future'

SoftBank has held investments for an average of 13.5 years, Son said, with an early punt on Alibaba Group Holding Ltd founder Jack Ma helping make his name as a savvy investor

Reuters  |  Tokyo 

SoftBank Group Corp Chief Executive Masayoshi Son, founder of the world's largest private equity fund, said on Tuesday a second Vision Fund would be set up in the near future, with funds from investors in the first venture or institutions. Son's reputation as a visionary investor has attracted more than $93 billion to his technology investment vehicle, as of last May, with a second Vision Fund potentially further upending the world of dealmaking. "Vision Fund 2 will definitely come," Son told a conference in Tokyo. He said the fund would not be launched in the ...

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First Published: Wed, May 16 2018. 01:58 IST
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