Equities

Reuters first with news that SoftBank spent $2.5 billion to get second Vision Fund off the ground

Reuters first with news that SoftBank spent $2.5 billion to get second Vision Fund off the ground

Reuters was first to report that SoftBank Group has pumped $2.5 billion of its own cash into new investments since October, hoping to restore its money-making credentials as it courts investors for a successor to its Vision Fund. The Japanese technology conglomerate is also considering investing another $2.5 billion of its own money. SoftBank was targeting a $108 billion fundraise for the second Vision Fund, and had committed $38 billion of its own money toward that goal. However, the company’s CEO Masayoshi Son said its launch had been delayed due to investor “concerns” about the performance of the first $100 billion Vision Fund