Malaysia’s Khazanah held talks to invest in SoftBank Vision Fund: Report

Masayoshi Son speaks at the Milken Institute conference in Tokyo on March 25. Photographer: Kiyoshi Ota/Bloomberg

Malaysia’s sovereign wealth fund Khazanah Nasional Berhad may be looking to invest in SoftBank’s $100-billion Vision Fund after holding preliminary talks with the Japanese conglomerate, according to a report by Nikkei Asian Review.

The report said that the talks between representatives of Khazanah and SoftBank were held in April, five months after Malaysian Prime Minister Mahathir Mohamad formally invited SoftBank chairman Masayoshi Son to join Khazanah as a director and adviser. Son turned down the offer, saying he wanted to focus solely on SoftBank.

SoftBank is reportedly looking to raise an additional $15 billion for the Vision Fund, which is largely backed by the sovereign fund of Saudi Arabia. Since it was launched two years ago, the Vision Fund has so far invested around $70 billion in tech companies across the globe.

Outside of Tokyo, Vision Fund has other offices in London and Silicon Valley. However, the massive fund is seen to be demonstrating an increased focus on the Asian market.

DEALSTREETASIA recently reported that the Vision Fund is in advanced talks to open an office in China and expand its team in Singapore. Furthermore, the fund’s Asia director, Anna Lo, is also relocating from Silicon Valley to Singapore this year, she confirmed on LinkedIn recently.

The Vision Fund has invested in a plethora of companies in Asia such as Hong Kong-based travel unicorn Klook, Chinese robotic startup Cloudminds; Chinese car trading platform Chehaoduo, and Delhivery, an Indian logistics startup.

Its earlier portfolio companies in the region include Grab, OYO, Paytm and Tokopedia, among others.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.