SoftBank Vision Fund is reportedly seeking $15bn as a top up in advance of a second iteration of the $98.6bn investment vehicle.
SoftBank Vision Fund, the $98.6bn investment fund managed by telecommunications group SoftBank, has entered negotiations to raise another $15bn, Bloomberg reported yesterday, citing people familiar with the discussions.
SoftBank formed Vision Fund in 2017, adding debt and equity financing from sovereign wealth funds Public Investment Fund (PIF) and Mubadala Investment Company to contributions from corporates Apple, Foxconn, Qualcomm and Sharp, later expanding the $93m first close to $98.6bn.
The unit has so far invested about $70bn according to Bloomberg,…
