SoftBank’s Son says new Vision Fund to be set up in ‘near future’

TOKYO (Reuters) – SoftBank Group Corp (9984.T) Chief Executive Masayoshi Son said on Tuesday a second Vision Fund would be set up in the near future, adding that investment for the new fund could come from investors in the first fund or from institutional investors.

SoftBank Group Corp Chairman and CEO Masayoshi Son speaks during the Wall Street Journal CEO Conference in Tokyo, Japan May 15, 2018. REUTERS/Toru Hanai

“Vision Fund 2 will definitely come,” Son told a conference in Tokyo, with the timing of it “in the near future”. He said the fund won’t be launched in the next six months.

Institutional investors were showing interest in investing, he added.

The Vision Fund is the world’s largest private equity fund, standing, as of last May, at over $93 billion.

Reporting by Sam Nussey; Editing by Muralikumar Anantharaman

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