SoftBank Investment Advisers, which manages Vision Fund, is considering launching a structured credit fund with a target return in the mid-teens to provide more liquidity options for tech startups, according to a person familiar with the matter.
SoftBank did not respond to the news.
In recent weeks, several major investment and private-equity firms have stepped in to fill the void left by Silicon Valley Bank's failure in March.
With the move, Japan's SoftBank Group Corp, a leading investor in high-growth technology firms, will be able to tap the rapidly growing private credit market, as multi-billion-dollar transactions increasingly rely on debt financing.
Earlier this month, the company reported a significantly reduced annual loss due to a capital raise using its stake in Alibaba Group Holding Ltd, which helped cushion investment losses at its Vision Fund investing arm.
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