At SoftBank, blind spots threaten Masayoshi Son’s $100-billion Vision Fund www.latimes.com

Almost half of SoftBank’s $97-billion technology-focused Vision Fund — the biggest pool of private money ever raised — came from the young royal’s sovereign wealth fund.
One hedge fund investor says backing from the Vision Fund is “an immediate cue to sell.”The steady procession of IPOs was intended to validate the Vision Fund’s late-stage bets and lay the groundwork for juicy returns that would make big-money investors clamor to pour money into its next Vision Fund.
“We gave him all the capital.”There are concerns about other privately held companies in the Vision Fund portfolio.
One company that has raised eyebrows is India’s Oyo, in which the Vision Fund owns a 50% stake.
“SoftBank and the Vision Fund are layers of leverage upon leverage,” says one banker who has worked closely with both.