Softbank reveals some details of its $100 billion fund
Three months ago, Japan's SoftBank Group announced that it was planning to raise $100 billion for an investment fund focused on the global tech sector. The disclosure was required by regulators in Saudi Arabia, which was committing $45 billion via one of its sovereign wealth fund.
SoftBank CEO Masayoshi Son then visited Trump Tower in December, promising that half the money would be invested in the U.S. and that it would create 50,000 new jobs (two things Trump took credit for, even though the fund was formed before his November victory).
SoftBank subsequently received fund commitments from U.S. groups like Apple, so earlier this month it quietly registered Vision Fund with the Securities & Exchange Commission. Axios has reviewed the documents, and here's what we learned: