SoftBank May Consider Vision Fund 3 After Existing Capital Used
- World’s biggest tech fund remains on defense, executive says
- Vision Fund segment reported fourth straight quarterly loss
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SoftBank Group Corp. may consider launching a third Vision Fund after exhausting its available capital, according to an executive.
Vision Fund 2 still has $6.5 billion to spend on fresh investments, said Navneet Govil, executive managing partner at SoftBank Global Advisers, in an interview after SoftBank released its earnings report for the December quarter. SoftBank’s marquee funds lost $5 billion in the period, largely dragged down by slumping valuations of private startups. It was the segment’s fourth straight quarter of losses.