Alternative Investments: SoftBank’s Vision Fund 2 Loses Investors

February 13, 2020 | Alternative Investments, News
https://dailyalts.com/wp-content/uploads/2020/01/money-3417721_640-mexico-softbank.jpg

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.


Alt Insights

January 29, 2020

Venture Capital: The Kobe in “Bryant Stibel & Co”

Venture Capital: The Kobe in “Bryant Stibel & Co”
Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/04/57e8d14b4d50ac14f1dc8460c62c3e761c3dd6f85254794c7c2b78d4944a_640.jpg
Fintech: M&A In the Fintech Space Will Heat Up
April 3, 2020     FinTech, News

One of the clear winners, if there is such a thing of the current economic situation, will be fintech companies. And we can expect to see a wave of fintech…

https://dailyalts.com/wp-content/uploads/2020/04/57e6d64a435bac14f1dc8460c62c3e761c3dd6f85254794c7c2b79d0904b_640.jpg
REITS: Industrial Properties Look Promising On These Trends
April 3, 2020     News, Real Estate

Like most Real Estate Investment Trusts, the prices of industrial REITs have declined sharply in the coronavirus driven selloff in the equity markets. While there may be real concerns for…

Private Equity: Is Dave and Busters a PIPE Dream?
April 3, 2020     News, Private Equity

Dave and Busters (NASDAQ:PLAY) have been hard hit by the economic downturn. The restaurant and arcade company closed its stores across the United States. It furloughed at least 15,000 hourly…

https://dailyalts.com/wp-content/uploads/2020/04/57e8dc40435aa914f1dc8460c62c3e761c3dd6f85254794c7c2b7ad7914e_640.jpg
Real Estate: Blackstone Group Pulls Out of Oakland Deal for Upton Station Building
April 3, 2020     News, Real Estate

Blackstone Group (NYSE: BX) is pulling out of a deal to buy an office property in Oakland, California, for $400 million. Blackstone had planned to use funds from its non-traded…

Scroll to Top