SoftBank's Vision Fund has got closer to its $100bn target and now stands at $98.6bn, as it puts together a team for its Chinese office.

Japan-based telecommunications group SoftBank has increased the size of its Vision Fund to almost $98.6bn and is looking to open an office in China.

SoftBank established Vision Fund with $28bn of cash and assets plus $1bn each from corporate limited partners Apple, Foxconn, Qualcomm and Sharp, $45bn from Saudi Arabia’s Public Investment Fund and $15bn from Abu Dhabi’s Mubadala Investment Company.

The vehicle reached a $93bn first close in May 2017 and had been expanded to $97.7bn by November the…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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