Technology giant SoftBank Group Corp. will raise far less than anticipated for its next fund after investors, disillusioned by bad bets like WeWork and by the chaotic and unorthodox way the fund operates, refused to put up new cash, people familiar with the matter said. Hailed by SoftBank last summer as a $108 billion sequel to its $100 billion Vision Fund, the new pool could end up being less than half that size, with nearly all of its capital coming from SoftBank itself, the people said.

Source: Wall Street Journal February 07, 2020 18:40 UTC