Softbank announces $100bn fund to invest in tech firms
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Softbank Group (SBG), which purchased Cambridge-based ARM Holdings back in July, has announced the launch of a global tech investment fund that could grow as large as $100bn.
The fund, tentatively named ‘Softbank Vision Fund’ could possibly become the world’s largest private equity investment vehicle.
Saudi Arabia’s top sovereign wealth fund, the Public Investment Fund (PIF) will be the lead investor; potentially contributing up to $45bn over the next five years.