June 2, 2017    1 minute read

SoftBank’s Vision Fund

   June 2, 2017    1 minute read

SoftBank’s Vision Fund

The Japanese tech giant is discussing the prospect of further investment from Canadian and Middle Eastern investors.

Editor’s Remarks: SoftBank’s much-awaited Vision fund is seeking $7bn in additional capital from Canadian pension funds as well as Kuwaiti and Qatari sovereign wealth funds. Although no deals with these entities have yet been reached, the Vision Fund is expected to eventually deploy around $100bn into a series of tech ventures across the globe and expects to undercut PE firms in terms of fees: whereas such firms usually charge 2% of managed assets and 20% of profits, the Vision Fund will charge 0.5-1% for management and the typical 20% performance charge. Evidently keen to diversify its oil-based economy, Saudi Arabia was first to formally pledge a capital commitment to the Vision Fund last month. Other investors include titans such as Qualcomm, Foxconn Technology Group and Apple.

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