TOKYO, Sept. 27, 2018 /PRNewswire/ - RB Financial Securities has highlighted the recent comments made by SoftBank Group Corp as they are planning to launch a $100 billion USD fund that would be replicated between two to three years.
The giant scale fund will look to spend on average around $50 billion USD each year providing a huge venture capital injection into companies.
SoftBank already have an enormous scale fund titled 'The Vision Fund' which holds investments such as Uber Technologies, the famous taxi hailing application used by millions around the world and WeWork who provide shared office space.
"SoftBank are launching everything they have into the technology sector, with an impressive track record it will be an easy task to accumulate such a vast amount of capital for the fund" said S. Washichi, Head of Research & Analysis at RB Financial Securities.
RB Financial Securities researchers noted that potential Investors would be attracted to SoftBanks previous record winning technology companies such as Uber Technologies. SoftBank originally invested $7.7 billion USD into Uber Technologies, which is the company's largest investment to date; Uber Technologies is now worth over $11 billion USD.
"With more venture capital funds aiming its focus towards the technology sector, we are seeing a higher influx of tech start-ups than ever before in South East Asia" added N. Nakata, Equity Analysts at RB Financial Securities.
The Vision Fund has already attracted a staggering amount of $93 billion USD into the fund from investors around the world such as Apple, Saudi Arabia's Public Investment Fund (SAPIF) and Abu Dhabi to help invest into global tech companies.
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SOURCE RB Financial Securities