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SoftBank said its Vision Fund co-CEO, Rajeev Misra, will soon step down from his leadership roles at the company’s flagship technology investment vehicles, marking the departure of one of the Japanese conglomerate’s most prominent dealmakers.
Misra, who helped guide the $100 billion Vision Fund through its meteoric rise and subsequent challenges, will relinquish his positions as co-chairman of SoftBank Investment Advisers and SoftBank Global Advisers, the company said on Tuesday. Alex Clavell will assume sole leadership as CEO of both units.
The move comes after Misra withdrew from his executive positions at SoftBank Group in August 2022, when he stepped down from his positions 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.
The company said that Misra will no longer have an official role at SoftBank.
During his ten-year tenure at SoftBank, the Misra Vision Fund also became known for several distressed investments including WeWork, dog walking app Wag, and Greensill Capital, while also clashing with senior colleagues including Nikesh Arora and Marcelo Claure, both of whom left in the end. Company.
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