Kabir Misra, managing partner at SoftBank Investment Advisers, is in advanced discussions to launch a $200-250 million fund focusing on startups based out of the US, India and Southeast Asia, Mint reported, citing three people aware of the development.
SoftBank Group will be the anchor limited partner of the fund, the report said.
The fund will focus on early-stage and mid-stage investments, which would be under $20 million.
After the closure of this fund, Misra will quit his current position at SoftBank and continue as an adviser to SoftBank, according to the report.
Separately, Singapore-based developer CapitaLand has ended talks to acquire the Pune IT (information technology) Special Economic Zones (SEZs) of private equity major Blackstone for around Rs 2,200 crore, Business Standard reported, citing people aware of the development.
Blackstone is now in talks with alternative investment firm The Xander Group to sell the assets, the report said.
In December last year, VCCircle had reported that Xander was ahead in the race to acquire these IT SEZs.