SoftBank's Rajeev Misra to move as VC of SoftBank Global Advisers

Rajeev Misra is stepping aside from his primary roles at the Japanese investment conglomerate SoftBank to build and run a new fund.

Misra will move from his role as the Chief Executive of SoftBank Global Advisers, which manages the company’s second vision fund, to become its vice-chairman. SoftBank’s Chief Executive Masayoshi Son will take on a more direct leadership role to manage the SoftBank Vision Fund 2.

Son said in a memo, “Rajeev (Misra) has taken a unique opportunity to build and run a new external multi-asset investment fund. Its investment remit will be much broader than SVF (SoftBank Vision Fund).” Misra will continue as the Chief Executive Officer of SoftBank Investment Advisers, which advises the company's first vision fund--SoftBank Vision Fund 1.

SoftBank had said that it will be cutting its global investments by a fourth in 2022 owing to the fall in technology valuations across the globe. In India, the Japanese investment conglomerate has invested over $14 billion in technology startups in the country.