SoftBank Group Corp. is lining up a Latin American investment fund that will be run by Chief Operating Officer Marcelo Claure, according to people familiar with the discussions.
The fund, still in a nascent state of development, may be announced in coming days, the people said, asking not to be identified discussing private plans. The vehicle will focus on venture investments and is separate from SoftBank’s huge Vision Fund, according to one of the people. It could reach several billion dollars in size, another person familiar with the situation said. The company declined to comment.