The October announcement that SoftBank was launching a $100 billion investment vehicle left many scratching their heads. Aside from the vehicle's eye-popping size and a focus on the global tech sector, very little about the new mega-fund was disclosed.
Well, late last week, some more details surfaced.
According to an SEC filing reviewed by Axios, the SoftBank Vision Fund is officially labeled as a private equity fund, as opposed to a venture capital or hedge fund. Most investments will require a minimum of $100 million in equity funding and will include LBOs and debt deals. The Vision Fund will not be barred from investing in existing SoftBank Group portfolio companies and the company will handle any potential conflicts of interest on a case-by-case basis.