Asset Management

How Credit Suisse clients finance Softbank’s Vision Fund

SoftBank-backed Greensill has brokered hundreds of millions in trade finance to four companies held by SoftBank's Vision Fund

Tuesday 28 April 2020 at 07:44

Pedestrians pass by the front of the Credit Suisse Group headquarters in Zurich, Switzerland
Pedestrians pass by the front of the Credit Suisse Group headquarters in Zurich, Switzerland Photo: Getty Images

Cash is hard to come by right now — but less so for several SoftBank Vision Fund companies, which have recently tapped hundreds of millions of dollars from clients of a Credit Suisse fund via another SoftBank-backed firm.

Four Vision Fund companies have received as much as 15% of the financing provided by a $5bn Credit Suisse fund which invests exclusively in assets brokered by Greensill Capital, according to a client presentation dated April 2020.