Investment Fund: Fund and Saudi Arabia

investment fund: Saudi Arabia's Public Investment Fund, which chipped in 45 billion for the initial effort, was not mentioned in the announcement Friday, according to The Japan Times. Soft Bank said the second fund is expected to collect money from Apple Inc., Microsoft Corp., Foxconn Technology Group and Kazakhstan's sovereign wealth fund. The Japanese conglomerate aims to raise a total of 108 billion 11.7 trillion for the second Vision Fund, which would make it even larger than the first, unprecedented 100 billion effort. ; Soft Bank is also taking more control this time around, committing 38 billion in capital itself and replacing Saudi Arabia as the largest investor. Son also won broad support from Japanese financial institutions, with seven identified as signing memorandums of understanding to participate. In June, Soft Bank disclosed that the initial Vision Fund had earned 62 percent returns so far after making 71 investments for a total of 64.2 billion. Son is aiming to inaugurate a new large-scale fund every two or three years to take advantage of opportunities he sees in cutting-edge technologies such as artificial intelligence and autonomous driving. (news.financializer.com). As reported in the news.