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The Wall Street Journal: SoftBank’s bid to raise new $100 billion fund gets frosty reception from money managers

SoftBank Group Corp.’s bid to raise a second mega fund has met with a chilly reception from some of the world’s biggest money managers, signaling that a crucial initiative for the firm faces significant hurdles.

The Japanese technology giant has made preliminary approaches to some of the world’s largest investors as it seeks to raise $100 billion for another fund dedicated to tech startups. But several of these investors plan to make limited or no contributions, people familiar with the matter said. They include Canada Pension Plan Investment Board and Saudi Arabia’s Public Investment Fund, whose $45 billion check made it the largest backer of SoftBank’s first tech fund, known as the Vision Fund.

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