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SoftBank Group to establish Vision Fund, plans $100 billion

Staff Writer | October 14, 2016
SoftBank Group Corp. will form SoftBank Vision Fund to make investments in the technology sector globally.
Investing   The Fund will be managed in the United Kingdom
The Fund will be managed in the United Kingdom by a subsidiary of SBG and will deploy capital from SBG and investment partners. The Fund will aim to be one of the world's largest of its kind.

SBG expects to invest at least $25 billion over the next 5 years. SBG has concluded a non-binding memorandum of understanding (MOU) on October 12, 2016 with the Public Investment Fund of the Kingdom of Saudi Arabia (PIF), under which PIF will consider investing in the Fund and becoming the lead investment partner, with the potential investment size of up to $45 billion over the next five years.

In addition, a few large global investors are in active dialogue to join SBG and PIF to participate in this Fund. The overall potential size of the Fund can go up to $100 billion.

SBG will use its deep operational expertise and network of portfolio companies in order to add value to the Fund's investments.