SoftBank Imaginative and prescient Fund co-CEO Misra to go away company

SoftBank talked about the co-CEO of Imaginative and prescient Fund, Rajeev Misra, will shortly step down from his administration roles on the company’s flagship know-how funding cars, marking the departure of certainly one of many Japanese group’s most excellent dealmakers.

The company talked about on Tuesday that Misra, who helped steer the $100 billion Imaginative and prescient Fund via every its explosive rise and subsequent challenges, will relinquish his positions as co-head of SoftBank Funding Advisers and SoftBank Worldwide Advisers. Alex Clavel will assume sole administration as chief govt of every fashions.

The switch comes after Misra withdrew from his govt positions at SoftBank Group in August 2022, when he stepped once more from his roles as firm officer and govt vice chairman of the dad or mum agency. The earlier Deutsche Monetary establishment govt launched One Funding Administration, a $6.8 billion fund backed by Abu Dhabi, in 2022.

Misra will no longer have an official place at SoftBank, the company talked about.

All through his ten-year tenure at SoftBank, Misra’s Imaginative and prescient Fund moreover turned acknowledged for various troubled investments along with WeWork, dog-walking app Wag and Greensill Capital, whereas he moreover clashed with senior colleagues along with Nikesh Arora and Marcelo Claure, every of whom lastly left the company.