Bahrain's sovereign wealth fund is considering a commitment that will help SoftBank's fund reach its $100bn target for a final close.
Bahrain’s sovereign wealth fund, Mumtalakat, has expressed interest in investing in Japan-based telecommunications group SoftBank’s Vision Fund, The National reported last week.
Vision Fund reached its $93bn first close in May this year, securing $45bn from Saudi Arabia’s Public Investment Fund and $15bn from Abu Dhabi’s Mubadala Investment Company, alongside capital from corporates Apple, Sharp, Qualcomm and Foxconn.
SoftBank has targeted a $100bn final close for the fund, and hopes to raise additional Vision Funds further down the line.
Mahmood…