According to SoftBank, Rajeev Misra, the Vision Fund co-CEO, will resign from his leadership positions at the company’s primary technology investment vehicles shortly
This represents the departure of one of the Japanese group’s most prominent dealmakers.
On Tuesday, the company announced that Misra, who was instrumental in the $100 billion Vision Fund’s meteoric ascent and subsequent obstacles, will resign as co-head of SoftBank Investment Advisers and SoftBank Global Advisers. Alex Clavel will serve as the sole executive of both divisions.
Misra’s departure from his executive positions at SoftBank Group in August 2022 resulted in his resignation as the parent company’s corporate officer and executive vice president. In 2022, the former executive of Deutsche Bank established One Investment Management, a $6.8 billion fund supported by Abu Dhabi.
The company announced that Misra will no longer hold an official position at SoftBank.
During his ten-year tenure at SoftBank, Misra’s Vision Fund earned a reputation for problematic investments, such as WeWork, Wag, and Greensill Capital. Additionally, he encountered disagreements with senior colleagues, including Nikesh Arora and Marcelo Claure, who ultimately departed the company.