SoftBank Fund Draws Investors for Hedge Fund-Style Vehicle: FT
- Multibillion dollar fund would pursue bets on public companies
- Abu Dhabi and Kazakhstan consider giving as much as $4 billion
Photographer: Kiyoshi Ota/Bloomberg
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The head of SoftBank Group Corp.’s $100 billion Vision Fund has billions of dollars of support for a hedge fund-style vehicle, according to the Financial Times, citing people with direct knowledge of the matter who weren’t identified.
Rajeev Misra, head of the Vision Fund, has support from Abu Dhabi’s state fund Mubadala and the government of Kazakhstan, one person involved in the talks said. The two funds are considering putting up as much as $4 billion together for the vehicle, the person added, the newspaper reported.