SoftBank Group Corp announced on Friday a second Vision Fund aimed at i...
The second fund’s investor base reflects a diversification beyond the Middle Eastern oil money that provided most of the first $100 billion fund’s outside capital as it touts industry-beating returns.
“Given the track record achieved over the last two years Vision Fund 2 has been substantially de-risked,” he said. Other investors in the fund include the National Investment Corporation of National Bank of Kazakhstan, Standard Chartered Bank PLC , and undisclosed investors from Taiwan. SoftBank did not name Goldman Sachs Group Inc as an investor. The Wall Street Journal on Wednesday said the U.S. investment bank would invest in the fund.
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