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.