Softbank hires initial investment team for $5 Billion Technology Growth Fund
SoftBank Group today announced the initial executive investment team for the recently launched SoftBank Innovation Fund, the $5 billion technology growth fund for Latin America. Marcelo Claure, Chief Operating Officer of SoftBank Group and CEO of SoftBank Group International, will lead SoftBank Latin America and will be responsible for overseeing the SoftBank Innovation Fund. Marcelo will work alongside a team initially consisting of three Managing Partners responsible for investments.
André Maciel will serve as Managing Partner responsible for structuring transactions, overseeing the SoftBank Innovation Fund’s Brazil office and investments in other Latin America early stage funds. Shu Nyatta will serve as one of two Investment Partners. He will be responsible for sourcing and implementing new investments for the SoftBank Innovation Fund. Paulo Passoni will serve as the second Managing Investment Partner responsible for sourcing and implementing new investments.
“André, 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 there’s never been a better time to support Latin America and the companies that will help shape its future.”