Saudi Arabia’s Public Investment Fund plans to replicate its $45bn contribution to the first fund when SoftBank puts together its second $100bn Vision Fund.
Saudi Arabia’s state-owned Public Investment Fund (PIF) will commit $45bn in capital to the second Vision Fund to be raised by telecommunications and internet group SoftBank, Bloomberg reported on Friday.
PIF chairman Mohammed Bin Salman confirmed to Bloomberg that it will replicate the $45bn contribution it made to the first Vision Fund, which had secured $97.7bn of its $100bn target as of November 2017.
“We have a huge benefit from the first one,” Bin Salman said. “We would not…
