SoftBank has announced its first major close with $93 billion of committed capital, and the promise to hit $100 billion within six months, reports Telecoms.com.
While it has been circulating in the news for some time now, it should be worth noting this is the largest private equity fund ever raised, let alone one which is solely focused on the telco and tech space. Along the way, SoftBank has managed to gain the support of some of the industry’s heavy hitters including Apple, Sharp Electronics, Foxconn, Qualcomm and Sharp. It’s a nice list of supporters, and quite an achievement for the Japanese group.
