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SoftBank's second Vision Fund starting life a lot smaller than the first

• chewz 7y ago
  > The company has raised roughly $2 billion for the second Vision Fund so it can start backing startups, according to two people familiar with the matter. This stage of the fundraising process is known as a first close, and SoftBank will continue gathering commitments. > Saudi Arabia’s Public Investment Fund and Abu Dhabi’s Mubadala Investment Co., which contributed $45 billion and $15 billion, respectively, to the first fund, are reconsidering how much they will put into the new fund, Bloomberg News previously reported. >