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SoftBank struggling to raise $100B mega fund

Softbank’s Masayoshi Son and Saudi Crown Prince Mohammed bin Salman
(Credit: Bloomberg)

Softbank is trying to raise a second $100 billion mega fund for tech startups, but is being met with resistance by investors. Even Saudi Arabia’s Public Investment Fund, which contributed $45 billion to SoftBank’s first Vision Fund has rebuffed Masa Son, the WSJ reported.

Dig Deeper: The dozen money managers who provided the capital for the Vision Fund have since established infrastructure to directly invest in late-stage startups and can avoid paying fees to SoftBank.

Be Smart: Cantor Fitzgerald was hired to help fundraising efforts… Lack of interest from institutional investors has shifted efforts to try and land investments as little as $50 million.

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