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22 Sept 2021
Japanese Conglomerate SoftBank to Back Mnuchins $2.5B Private Equity Fund
The Index Today
Japanese SoftBank Group announced on Wednesday that it move ahead with its plans to invest in U.S Treasury secretary Steven Mnuchin’s $2.5 billion private equity fund. However, the company did not mention how much it plans to invest.
SoftBank will back the Liberty Strategic Capital fund with its $40 billion second Vision Fund along with sovereign wealth fund Mubadala based in Abu Dhabi which has agreed to contribute 2% of the total amount. The Israeli based Liberty Capital Fund was launched this year and is actively seeking new investments.
©Photo: Time Magazine