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SoftBank looks to Goldman Sachs for second $100bn megafund

Japanese banks and Microsoft are among those that have committed to $108bn Vision Fund 2

SoftBank's World 2019 conference
SoftBank's World 2019 conference Photo: Getty Images

Japan’s SoftBank Group unveiled a second technology megafund even bigger than its nearly $100bn Vision Fund, answering skeptics who questioned whether anyone could raise so much in such a short time.

Vision Fund 2, as the company is calling it, has promises for $108bn in capital from more than a dozen investors, ranging from Apple and Microsoft to Kazakhstan’s sovereign-wealth fund, SoftBank said Friday. Some $38bn of that capital will come from SoftBank itself, funded by proceeds from the first Vision Fund.

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