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The Softbank Group today announced it has secured a total of $ 108 billion from companies such as Microsoft, which aims to invest in technology companies.
The Japanese group said in a statement that it planned to invest $ 38 billion in the fund. Other companies involved in the fund include Apple and Hun Hai for Taiwan's precision industries (Foxconn), and both companies have invested in the first fund.
Investors in the second fund are diversifying away from the Middle East, which has provided the bulk of the $ 100 billion of external capital to the first fund, while Softbank is booming in the sector, with wealthy Japanese financial institutions in cash and a fund. The sovereign wealth of Kazakhstan among the participants.
In May, Softbank stated that the first fund had an internal return of 45% for investors in its common stock or 29% when the preferred shares of the debt category were included, although the gains remained largely theoretical.
Other participants in the second fund would include the National Investment Corporation of the National Bank of Kazakhstan, Standard Chartered Bank, unrevealed parts of Taiwan and the fund managers themselves.
Softbank's statement shows that the fund is generally supported by the Japanese financial sector, including shares of three major banks, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group. .
Softbank said the Daiwa Securities groups, Dai-Ichi Life Holdings and Sumitomo Mitsui Trust Holdings had also signed a memorandum of understanding.
"The fund's goal is to facilitate the continued acceleration of the artificial intelligence revolution by investing in market leaders and achieving growth based on technology," she said. declared.
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