Rajeev Misra, the co-CEO of SoftBank’s Vision Fund, has announced his resignation from the company. The decision was made during the second-quarter earnings call by the Japanese investment firm, with Alex Clavel set to take over as the sole CEO of SoftBank Investment Advisers and SoftBank Global Advisors.
Misra, who played a key role in the creation of the Vision Fund alongside Masayoshi Son, has been praised by the company’s Chief Financial Officer, Yoshimitsu Goto. Goto expressed his admiration for Misra, calling him one of his “great non-Japanese friends” and acknowledging his significant contributions to the company thus far.
Having joined SoftBank in 2014 as the head of strategic finance, Misra went on to establish the Vision Fund in 2017. Over the past seven years, he has led the fund through both remarkable successes and challenges, making strategic investments in companies like Alibaba Group Holding and various startups in the U.S., China, and India.
It was revealed that Misra will now be focusing on managing his independent fund, separate from SoftBank. While Goto hinted at the possibility of continued communication with Misra in some capacity, he made it clear that Misra’s role within the company has come to an end.
As Misra moves on to this new chapter in his career, details about his upcoming fund remain undisclosed. His departure marks the conclusion of nearly a decade-long journey with SoftBank, during which he played a pivotal role in shaping the Vision Fund and its investment strategies.
While the specifics of Misra’s future endeavors are still shrouded in mystery, his legacy within SoftBank and the broader investment community is sure to endure. His expertise, experience, and innovative approach to investing have left a lasting impact on the industry, and his next steps are eagerly anticipated by many in the financial world.
