SoftBank Group Corp. has decided to place the headquarters of its $100 billion technology private equity group in the hedge fund heartland of London, and has begun hiring investment advisers.
The SoftBank Vision Fund has opened offices in West London's Mayfair, at 69 Grosvenor Street. Surrounded on all sides by luxury art galleries in one of the English capital's most upmarket areas, it's just a short walk to the city's flagship designer fashion stores, or a brief stroll to Buckingham Palace. The giant tech fund, revealed by Tokyo-based SoftBank in October, has hired 10 people for its London office and may hire several dozen more, according to a person familiar with the recruitment drive.
SoftBank Chairman Masayoshi Son also met with U.S. President-elect Donald Trump Tuesday, and promised a $50 billion investment in American startups. Despite the U.S. interest by Son, London is set to be the global hub for the Vision Fund, the person familiar with the fund said. SoftBank already has an office in San Francisco. Jonathan Bullock, chief operations officer of SoftBank International, and Alok Sama, SoftBank's chief financial officer, have also been appointed senior advisors to the fund, and will predominately be based in London.
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