SoftBank may contribute US$40bil to US$50bil, up from US$28bil in the first fund, because of what founder Masayoshi Son (pic) sees as potentially lucrative returns, the sources said. The goal is to close the fund by March 2020, a source said
KUALA LUMPUR: SoftBank Group Corp is working with Goldman Sachs Group Inc to raise money for its second US$100bil (RM415.7bil) technology investment fund and will begin formally soliciting investors in July, according to sources.
SoftBank and its bankers, which also include Centricus and Cantor Fitzgerald, have held preliminary talks with sovereign wealth funds from Singapore, Saudi Arabia, Abu Dhabi, Kazakhstan and Oman, said the sources. SoftBank may contribute US$40bil to US$50bil, up from US$28bil in the first fund, because of what founder Masayoshi Son (pic) sees as potentially lucrative returns, the sources said. The goal is to close the fund by March 2020, a source said.
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