SoftBank is launching a second $100 billion fund: Vision Fund II.
SoftBank is launching a second $100 billion tech fund: Vision Fund II, the company's chief said Thursday.
The SoftBank chief said many investors from the first fund are showing"high interest" in Vision Fund II, as well a new investors worldwide. SoftBank's Vision Fund I is a $100 billion tech fund dominated by investments from the Saudi Arabian government. The fund has already delivered a 45% rate of return to partners after fees on a net equity basis. Return to SoftBank's shareholders is 62%.
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