SoftBank committed the extra capital as it announced huge paper profits for the investments made through its two Vision Funds.
Japan-headquartered telecommunications and internet group SoftBank has increased the size of its Vision Fund 2 from $10bn to $30bn, chief financial officer Navneet Govil told Reuters yesterday.
The company’s original Vision Fund closed at $98.6bn in 2017 with contributions from corporate limited partners and sovereign wealth funds, but it has so far been unable to secure backing for its successor, instead committing the capital itself, though Govil said it is mulling external contributions.
The first Vision Fund booked a
