SoftBank Still Wins

Issue 57

02.08.21 - SoftBank has been making huge gains on their massive tech funds recently, largely on the back of investment gains at its $100 billion Vision Fund and its $10 billion successor.

That fund, along with a smaller successor, rode red-hot markets to investment gains of $13 billion in the three months ending December, their best quarter ever. Those gains underpinned a net profit of ¥1.17 trillion for SoftBank, equivalent to about $11 billion.

Mr. Son said he expected SoftBank’s funds—which have investments in 164 companies when a third capital pool focused on Latin America is included—could produce between 10 and 20 initial public offerings a year.
"We've finally entered the harvest phase" for the Vision Fund, SoftBank Chief Executive Masayoshi Son said at a Tokyo news conference, standing in front of a slide showing a goose laying towering columns of golden eggs that represented SoftBank's investment hits.

SoftBank said the quarter ended December was the Vision Fund's best ever, resulting in a $13 billion gain in the value of its investments.

Source: Wall Street Journal