The final $7 billion is coming from Daimler, the sovereign wealth fund of Bahrain, Larry Ellison and three Japanese banks – Mizuho, MUFG and Sumitomo.
When the Vision Fund reaches its $100 billion goal, $44 billion of the capital contributed by outside investors will be treated as debt on which the holder gets a 7% return over the fund’s 12 year life and the return of the principal sum, while $28 billion will be treated as an equity stake which may or may not deliver a return to the investor.
While outside investors get 62% of their investment treated as debt and the rest treated as equity, Softbank’s contribution of $25 billion is treated as all-equity.
$29.7 billion of the $93 billion raised so far has been invested in 30 companies.
Softbank is now reported to be looking at raising Vision Fund 2.