) is fallingfar short of its goalfor fund-raising on Vision Fund 2, thereports, saying it could end up with less than half of its ambitious $108B target.
And it would nearly be going alone, with almost all of that capital coming from SoftBank.
A trickle of negative news over months has chipped away at the plans for the new fund, led by the debacle around WeWork.
A smaller fund could mean cuts to the companys 500-person investment staff, the report notes.
The report also follows news of departures ofkey investment executives, as well as chatter about disagreements between SoftBank head Masayoshi Son and Vision Fund leader Rajeev Misra.
And Elliott Management has built amultibillion-dollar stakein SoftBank seeking changes.
Click to subscribe to real-time analytics on SFTBY
Now read:DXC Technology Company 2020 Q3 – Results – Earnings Call Presentation »