SoftBank Vision Fund co-CEO Misra to leave firm

SoftBank said the co-CEO of Vision Fund, Rajeev Misra, will soon step down from his leadership roles at the firm’s flagship technology investment vehicles, marking the departure of one of the Japanese group’s most prominent dealmakers.

The company said on Tuesday that Misra, who helped steer the $100 billion Vision Fund through both its explosive rise and subsequent challenges, will relinquish his positions as co-head of SoftBank Investment Advisers and SoftBank Global Advisers. Alex Clavel will assume sole leadership as chief executive of both units.

The move comes after Misra withdrew from his executive positions at SoftBank Group in August 2022, when he stepped back from his roles as corporate officer and executive vice president of the parent company. The former Deutsche Bank executive launched One Investment Management, a $6.8 billion fund backed by Abu Dhabi, in 2022.

Misra will no longer have an official role at SoftBank, the company said.

During his ten-year tenure at SoftBank, Misra’s Vision Fund also became known for several troubled investments including WeWork, dog-walking app Wag and Greensill Capital, while he also clashed with senior colleagues including Nikesh Arora and Marcelo Claure, both of whom eventually left the firm.