Saudi Arabia’s sovereign fund will also invest $45B in SoftBank’s second Vision Fund

Saudi Arabia’s sovereign fund will also invest $45B in SoftBank’s second Vision Fund

7 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/10/07/saudi-arabias-sovereign-fund-will-also-invest-45b-in-softbanks-second-vision-fund/

The sovereign fund of Saudi Arabia plans to invest $45 billion into the second SoftBank Vision Fund, two years after putting the same amount into the original $100 billion Vision Fund, Saudi Arabia Crown Price Mohammed bin Salman told Bloomberg in an interview on Friday.

When the first Vision Fund was announced, it was by far the biggest private equity fund ever created, but if SoftBank Group CEO Masayoshi Son’s plans come to fruition, it will not be the last. Son told Bloomberg Businessweek last month that he wants to raise a new $100 billion fund every two or three years.