SoftBank may need more than $93B

A year after SoftBank announced plans to establish its massive Vision Fund, the Japanese telecom giant is in preliminary talks to raise a second tech vehicle, per Recode. It’s said the new fund could surpass the Vision Fund in size, which would be quite an achievement considering SoftBank held a first close for that vehicle on $93 billion in May.

Get Our Icahn eBook!

Get our entire 10-part series on Carl Icahn and other famous investors in PDF for free! Save it to your desktop, read it on your tablet or print it! Sign up below. NO SPAM EVER

Q3 2017 Hedge fund Letters, Conferences, Pitches; Pabrai Comeback And MoreSoftBank

But considering the pace at which the Vision Fund is deploying capital, another large pool of cash may be necessary for SoftBank founder Masayoshi Son to achieve his goal of owning stakes in the tech companies he believes will change the world. In the months since SoftBank began investing the Vision Fund, it has used the vehicle to participate in deals worth more than $20 billion—and that number could top $30 billion if SoftBank finalizes an agreement to acquire a stake in Uber for about $10 billion, which is expected to happen within the next week. At this pace, the Vision Fund might be fully committed before long.

Here's more info on the SoftBank Vision Fund, including a running list of its investments.