Japan-based telco hopes to grow fund size to $100 billion by attracting additional investors. Softbank late last week launched a venture capital arm that it claims has the potential to become a $100 billion (€91 billion) investment fund.
The Japan-based telco said it will put $25 billion of its own money into the Softbank Vision Fund over the next five years. It has also signed a non-binding memorandum of understanding (MoU) with the Public Investment Fund (PIF) of Saudi Arabia that could see the sovereign wealth fund invest up to $45 billion over the next five years as well.
Image: http://www.totaltele.com
