SoftBank to raise $100bn fund every 2-3 years

An employee works behind a logo of Softbank Corp at its branch in Tokyo March 2, 2011. (Reuters)

TOKYO: SoftBank Group Corp. plans to create a new $100 billion fund every two to three years, its Chief Executive Masayoshi Son told Bloomberg Businessweek in an interview published on Thursday.
Son has attracted more than $93 billion to his Vision Fund technology investment vehicle, and has flagged his intention to raise further financing.
Son plans to spend around $50 billion annually, he told Bloomberg. The Vision Fund has made investments in technology companies including ride-hailing firm Uber Technologies Inc. and shared-office space firm WeWork.