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.

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