Alternative Investments: SoftBank’s Vision Fund 2 Loses Investors

February 13, 2020 | Alternative Investments, News

SoftBank investors are refusing to take part in the Vision Fund 2 unless the Japanese conglomerate turns performance around. The first $100 billion fund has struggled with performance due to investments in WeWork, Uber (NYSE: UBER), and a number of other struggling firms. The first Vision Fund saw a $2.5 billion loss during the December-ending quarter.

Vision Fund 2 Struggles

Reuters reported that Masayoshi Son has struggled to attract certain investors. However, he plans to move forward and use SoftBank capital to launch the new fund. According to the report, Abu Dhabi’s state fund Mubadala and Saudi Arabia’s PIF sovereign wealth fund have not committed to the new fund. They are currently the two largest investors in the first fund.

In addition, Foxconn Technology (a large Apple Inc. (NASDAQ: AAPL) supplier) has pulled out.

The current Vision Fund has $74.6 billion spread across 88 investments.

The Vision Fund 2 said in October that it secured investment pledges from Microsoft Corp. (NASDAQ: MSFT), Apple, and FoxConn, among others. However, Reuters’ report in October suggested that no one has fully committed. Previously, Son had said he would loan money to employees so they could take part in the new fund. The company itself has committed about $38 billion to the new fund.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
FinTech: Lloyds To Acquire Stake In Loyalty App Bink
January 4, 2022     FinTech, News

Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that…
Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA
January 4, 2022     Digital Assets, News, Real Estate

An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN)…
Alternative Investments/ESG: VegTech Invest Launches Plant-Based Innovation & Climate ETF

VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants…超·世界.png
Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn
January 4, 2022     Artificial Intelligence, News, Venture Capital

Chinese AI company has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation…