PIF and SoftBank sign MoU for tech-focused Vision Fund
By Cicada DeskEvent date: 1 min read
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In brief
Saudi Arabia's Public Investment Fund (PIF) and Japan's SoftBank Group signed a non-binding memorandum of understanding on 14 October 2016 to create the SoftBank Vision Fund for global technology investment.
Saudi Arabia's Public Investment Fund (PIF) and Japan's SoftBank Group signed a non-binding memorandum of understanding on 14 October 2016 to create the SoftBank Vision Fund for global technology investment. SoftBank would commit at least $25 billion over five years, while PIF would consider investing up to $45 billion, and the fund could reach $100 billion with other investors.
The deal was the first large-scale link between PIF capital and global technology and AI investing.
Key figures
- $45bnPIF potential commitment
- $25bnSoftBank commitment
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "PIF and SoftBank sign MoU for tech-focused Vision Fund". Cicada, 14 October 2016. https://cicadaconsultancy.online/en/news/pif-softbank-vision-fund-mou
Free to quote and reuse with attribution under CC BY 4.0.
