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Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital

Staff Writer | May 22, 2017
SoftBank Group Corp. announced the first major closing of the SoftBank Vision Fund, which was established by its overseas subsidiary, with over $93 billion of committed capital.
Investment   SoftBank Vision Fund
In addition to SBG and the Public Investment Fund of the Kingdom of Saudi Arabia (PIF) as previously announced, the investors in the Fund also include the Mubadala Investment Company of the United Arab Emirates, Apple, Foxconn Technology Group, Qualcomm Incorporated, and Sharp Corporation or their respective affiliates.

The final closing of the Fund is expected to occur no later than six months following the date of this initial closing.

The committed capital from SBG is a maximum of $28 billion, including certain expected in-kind contributions.