SoftBank setting sight on Vision Fund II

Softbank CEO Masayoshi Son is already planning a second fund.

Though SoftBank’s near-$100 billion Vision Fund has yet to close, SoftBank CEO Masayoshi Son is already setting sight on a second fund.

“Vision Fund II will definitely come. It’s just a matter of time,” Son said during an interview at The Wall Street Journal’s CEO meeting in Tokyo on Tuesday, adding it won’t be in six months, but in the near future.

According to Bloomberg, citing people familiar with the matter, Son has held preliminary discussions with investors about committing to the second fund as early as 2019, with the fund to likely be of similar size to the current Vision Fund. The people added a wider pool of investors would likely be drawn to the planned fund, more than the first one.

Sources: WSJ, Bloomberg