Investing and Global Finance News

World’s Largest Private Equity Fund Investing in Technology

Softbank Vision Fund, the world’s largest private equity fund, recently said that it has raised over $93 billion to invest in technology. As they said in a statement, “The next stage of the Information Revolution is under way, and building the businesses that will make this possible will require unprecedented large-scale, long-term investment.”

The fund is backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund. Other investors in the group include Abu Dhabi’s Mubadala Investment, Apple Inc., Qualcomm, Taiwan’s Foxconn Technology and Japan’s Sharp Corp.

Learn about more of the details here.

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