Technology investment vehicle Β· Tokyo, Japan
SoftBank Vision Fund

About
SoftBank's Vision Fund platform is one of the largest and most active technology-focused investment vehicles in the world, with deep positions across APAC's largest private and newly public tech companies.
APAC secondaries activity
SoftBank-linked capital sits on both sides of APAC secondaries β as a backer of companies like DayOne that are weighing pre-IPO liquidity, and historically as a seller of stakes in mature portfolio names seeking to realize gains.
What a transaction here looks like
A large technology investment vehicle interacts with secondaries mostly as a holder needing liquidity: concentrated positions in private companies, an investor base expecting distributions, and exit routes that have proven slower than the original underwriting assumed. Selling stakes in private portfolio companies is one of the mechanisms available.
Who sits on the other side
Counterparties are sovereign funds, growth investors and secondary buyers taking positions in the underlying companies. Where a single seller holds an unusually large position, the transaction itself can affect the price β the size that made the position attractive is also what makes it hard to exit quietly.