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Sunday, 14 May 2017

Mubadala Plans to Invest Up to $15 Billion in SoftBank Fund - Bloomberg

Mubadala Plans to Invest Up to $15 Billion in SoftBank Fund - Bloomberg:

"Abu Dhabi’s Mubadala Investment Co. plans to invest as much as $15 billion in SoftBank Group Corp.’s Vision Fund and start two new venture capital funds to build its technology holdings. The SoftBank fund will be “wrapped up” in two to three weeks with about $95 billion of commitments, according to Ibrahim Ajami, head of venture capital at Mubadala Capital, the sovereign wealth fund’s investment arm. Mubadala plans to make its investment over the next five years, he said. “This is a significant opportunity for good financial returns,” Ajami said in an interview in Abu Dhabi on Sunday. “Our priority is financial return, if you look at his track record over the past 30 years, what he’s been able to achieve in technology, no other investor has,” Ajami said, referring to SoftBank Chief Executive Officer Masayoshi Son."



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