SoftBank has been on a tear in Latin America. The Japanese investment conglomerate just announced it has launched its second Latin America-focused fund with a $3 billion capital commitment from the company that may grow as the fund explores “options to raise additional capital,” according to SoftBank. The vehicle follows hot on the heels of SoftBank’s debut Latin America-focused fund, announced in March 2019 with an initial $2 billion in committed capital.
It’s easy to see what all the fuss is about. Led by Marcelo Claure, CEO of SoftBank Group International and COO of SoftBank Group Corp., the outfit’s roughly four dozen employees — who operate out of Miami,
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