SoftBank’s Rajeev Misra to launch $6bn fund backed by #AbuDhabi groups | Financial Times

SoftBank’s Rajeev Misra to launch $6bn fund backed by Abu Dhabi groups | Financial Times

Rajeev Misra, the trader who helped transform SoftBank into the world’s biggest and most controversial technology investor, is stepping back from the Japanese group to launch a new $6bn fund backed by Abu Dhabi. 

Misra, who structured and ran the record-breaking $100bn Vision Fund, said he would remain involved with SoftBank but that his new venture would pursue investment strategies beyond start-ups. 

The shake-up marks the latest sign of unrest inside SoftBank, which has been roiled by plunging valuations for technology companies as well as an exodus of senior leadership over the past several months. 

The new fund would be backed by Abu Dhabi state funds Mubadala and ADQ, as well as Royal Group, the conglomerate chaired by Sheikh Tahnoon bin Zayed al Nahyan, the United Arab Emirates’ national security adviser, said Misra.