Sunday, April 21, 2019

SoftBank Group Corp. Announces Initial Executive Investment Team for $5 Billion Technology Growth Fund for Latin America

BWW News Desk
April 09, 2019

SoftBank Group Corp SBG today announced the initial executive investment team for the recently launched SoftBank Innovation Fund the largestever technology fund focused exclusively on the fastgrowing Latin American market pblockquotep idpullquotepblockquote p Marcelo Claure Chief Operating Officer of SoftBank Group Corp and CEO of SoftBank Group International will also lead SoftBank Latin America and will be responsible for overseeing the SoftBank Innovation Fund its investments and operations Marcelo will work alongside a team initially consisting of three Managing Partners responsible for investments p ul li classbwlistitemmargb bAndr Macielb will serve as Managing Partner responsible for structuring transactions overseeing the SoftBank Innovation Funds Brazil office and investments in other Latin America early stage funds Andr was previously a Managing Director at JP Morgan where he spent 17 years in leadership positions in MampA and Equity Capital Markets with a focus on Technology He will be based in So Paulo li li classbwlistitemmargb bShu Nyattab will serve as one of two Investment Partners He will be responsible for sourcing and implementing new investments for the SoftBank Innovation Fund Shu has been with SoftBank since 2015 in different investment roles He was previously with JP Morgan and McKinsey amp Co He has deep global experience with venturebacked technology companies and ecosystems Shu will be based in Miami and Silicon Valley li li classbwlistitemmargb bPaulo Passonib will serve as the second Managing Investment Partner responsible for sourcing and implementing new investments Paulo was previously Managing Director and Analyst at Third Point LLC focused on investments in Latin America and before that Investment Officer at Eton Park He has deep investment experience including in several Latin American startups Paulo will be based in the Miami office li ul p Andr Shu and Paulo are uniquely qualified to help lead the SoftBank Innovation Fund as we invest in transformative Latin American companies in one of the most important economic regions in the world said Mr Claure We are delighted to welcome this talented team with deep investment and operational experience in the region at such an exciting time and believe theres never been a better time to support Latin America and the companies that will help shape its future p p The SoftBank Innovation Fund will initially have offices and investment professionals in Miami San Carlos Tokyo and So Paulo p p bAbout the SoftBank Groupb p p The SoftBank Group is a global technology player that aspires to drive the Information Revolution The SoftBank Group is comprised of the holding company SoftBank Group Corp TOKYO 9984 and its global portfolio of companies which includes advanced telecommunications Internet services AI smart robotics IoT and clean energy technology providers In September 2016 Arm Limited the worlds leading semiconductor IP company joined the SoftBank Group SoftBank Group Corp is invested in the SoftBank Vision Fund which plans to invest up to 100 billion in the global businesses and technologies that the SoftBank Vision Fund believes will enable the next stage of the Information Revolution To learn more please visit a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwsoftbankcomampesheet51966560ampnewsitemid20190409005485amplanenUSampanchorwwwsoftbankcomampindex1ampmd51deb1f5b2710f5604a8fe379b4246af1 relnofollowwwwsoftbankcoma p pimg referrerpolicyunsafeurl alt srchttpsctsbusinesswirecomctCTidbwnewsampsty20190409005485r1ampsidweb01ampdistronxamplangen stylewidth0height0span classbwct31415p

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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