SoftBank’s LatAm fund co-head commits to further investments despite losses

Despite nearly $1bn of investment losses and the departure of its architect Marcelo Claure, SoftBank’s co-head of Latin American fund, Alex Szapiro, remains confident in SoftBank’s commitment to the region and securing additional capital from its Japanese parent.

March 26, 2023 . 6:28 PM

1 min read

SoftBank’s Latin American fund co-head confident about additional capital from parent company despite investment losses.
Nearly $1bn investment losses and departure of its architect Marcelo Claure have raised concerns over the future direction of the Latin American fund, but co-head Alex Szapiro is confident in SoftBank’s commitment to the region.
SoftBank’s flagship Vision Funds have slowed down investments to cut losses, but the Latin American offshoot’s portfolio contains over 80 companies with close to $8bn invested.
Szapiro has access to an unspecified amount of cash from the Vision Funds, alongside about $400mn still to be deployed from the smaller of the two Latin American vehicles.
Investments will be split roughly 50/50 between new and current companies in the roster, aiding the latter to expand or pursue acquisitions, with a focus on portfolio management.