SoftBank plans to double the size of the business unit managing its massive Vision Fund, going from 400 people up to 800

BEVERLY HILLS— SoftBank’s Vision Fund is known for injecting millions (or billions) of dollars in capital into startups to help them supercharge growth.

It turns out, the fund has plans for some mega-growth of its own.

On stage at the Milken Institute Global Conference on Monday, the CEO of SoftBank Investment Advisors Rajeev Misra said he has plans to double the size of the investment arm from 400 employees to 800 employees over the next 18 months — dramatically increasing the size of the team managing the Vision Fund.

Read more: ‘If you have no capital, why be a capitalist?’: The global elite at Milken can’t stop talking about populism

Misra’s remarks came during an on-stage conversation with chairman Michael Milken. The growth comes just as the Vision Fund is set to see big returns on at least two of its portfolio companies. Uber launched its roadshow this week for an IPO that could value that company upwards of $90 billion. WeWork, another portfolio company, announced Monday that it confidentially filed to go public back in December.

The Vision Fund is a $100 billion investment fund launched at the end of 2016. The company will start raising its second fund in the next few months, Misra said.

Read More



from Trend News Web http://bit.ly/2XUcStN

Comments

Post a Comment

Popular posts from this blog

Allred: Tape appears to show R. Kelly sexually abusing girls

A man who said he was cleaning out an old videotape collection found what he thought was a recording of R&B singer R. Kelly in concert, but instead turned out to show a man who appeared to be Kelly sexually abusing girls, he and his attorney said Sunday. The man then turned the tape over to law enforcement, according to attorney Gloria Allred. She and her client, Gary Dennis, would not discuss the specifics of the tape during a news conference in New York. But Allred said it appears to show a separate incident from the 10 counts of aggravated sexual abuse that Kelly faces in Chicago, though she acknowledged she could not be “100 percent certain” that the man in the tape is Kelly. Steve Greenberg, an attorney for Kelly, noted that lack of certainty. “The doubt here is self-evident, with reporting that the man on the tape kinda, sorta looks like R. Kelly,” Greenberg said Sunday in an email. “That doesn’t make it him. It is not him.” The lawyer also said Kelly “denies that he is
Read more

Ranking Every No. 1 NBA Draft Pick from the Last 30 Years

Image
Gary Dineen/Getty Images 15. Larry Johnson, Charlotte Hornets, 1991 Johnson, an athletic marvel, came into the league with incalculable potential. He was Rookie of the Year in 1992, made the All-Star team in his second season and signed a 12-year, $84 million contract in 1993 that was the   largest   in league history at the time. Back problems sapped his bounce, but Johnson developed skills to compensate. The power forward shot 38.6 percent from deep and averaged 18.8 points, 7.2 rebounds and 4.6 assists in 1994-95 while making his second All-Star team. He was just as good the next year, posting averages of 20.5 points, 8.4 rebounds and 4.4 assists. Though decline set in following his move to the Knicks in 1996, Johnson was an effective player for the balance of his 10-year career. He ranks   10th   among No. 1 picks in the last 30 years with 69.7 win shares.          14. John Wall , Washington Wizards, 2010 Wall’s average of 9.2 assists is tops on our list, and his 1.7 ste
Read more

Attacks and bodyguards: The price of being a Colombian journalist

Image
Caucasia, Colombia – Leiderman Ortiz’s mother, sister, brother and nephew were visiting him in Caucasia in May 2010 when a loud blast went off outside the house where they were asleep. “I jumped out of my bed and started shouting, ‘Stay down, don’t move’,” Ortiz said. “My poor mother was screaming. She was terrified.” Unlike many others who have been targeted by the regular grenade attacks in Caucasia, a small city about 670km north of the Colombian capital Bogota, Ortiz isn’t a criminal. He writes about them. And the 2010 attack was the third of at least five known attempts or suspected attempts on the 45-year-old’s life. The first occurred in 2009 in Medellin when he was leaving an office and an armed individual was waiting for him. Ortiz saw the individual and called the police. The next year, the 2010 grenade attack occurred. Two days after that attack, another grenade was thrown into his garden. The following year, at least two suspected hitmen were paid to follow Ortiz, but
Read more