SoftBank Vision Fund co-CEO Misra to exit

Rajeev Misra is to step down from his leadership roles at SoftBank’s flagship technology investment vehicles, marking the final departure of one of the Japanese group’s most prominent dealmakers.

The company announced on Tuesday that Misra, who helped steer the $100 billion Vision Fund through both its meteoric 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’s earlier withdrawal 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 billion fund backed by Abu Dhabi, in 2022.

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

This is a developing story. More to follow.