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Adviser Profile

As of Date 06/26/2024
Adviser Type - Large advisory firm
Number of Employees 286 49.74%
of those in investment advisory functions 104 52.94%
Registration SEC, Approved, 1/23/2017
AUM* 65,300,371,127 -26.90%
of that, discretionary 65,300,371,127 -26.90%
Private Fund GAV* 53,866,664,841 -1.15%
Avg Account Size 65,300,371,127 -26.90%
SMA’s No
Private Funds 1
Contact Info 650 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
156B 134B 112B 89B 67B 45B 22B
2017 2018 2019 2020 2021 2022

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count1 GAV$53,866,664,841

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Brochure Summary

Overview

SB Investment Advisers (US) Inc., a Delaware corporation and a registered investment adviser, and its affiliated investment advisers provide investment advisory services to investment funds privately offered to qualified investors in the United States and elsewhere. SB Investment Advisers (US) Inc. was formed in December 2016. SB Investment Advisers (UK) Limited, a limited liability company incorporated under the laws of England and Wales, (“SBIA UK”, and its subsidiaries in the investment advisory business together with SB Investment Advisers (US) Inc., “SoftBank Investment Advisers”), are affiliated investment advisers of SB Investment Advisers (US) Inc. SoftBank Investment Advisers’ current private investment fund client is SoftBank Vision Fund L.P., a Jersey limited partnership (the “Vision Fund”, and collectively with any successive investment funds to which SoftBank Investment Advisers provides advisory services and the interests of which are offered to third-party investors outside of the SoftBank Group, the “Funds”). SVF GP (Jersey) Limited, a Jersey limited company serves as general partner to Vision Fund (collectively with the general partners of any successive Funds, the “General Partners”). The advisory services of SoftBank Investment Advisers are described in this Brochure. In addition to the Funds, SoftBank Investment Advisers provides certain services to its affiliates in connection with proprietary private investment funds that such affiliates manage and whose sole investors consist of SoftBank Group Corp. and its affiliates and the interests of which are not offered to investors outside of the SoftBank Group (collectively, the “Proprietary Funds”). The Proprietary Funds include SoftBank Vision Fund II-2 L.P. (“Vision Fund II”), with respect to which SoftBank Investment Advisers provides advice to its affiliate SB Global Advisers Limited (“SBGA”) in relation to the investment, holding and realization of the assets of Vision Fund II. SBGA is the appointed manager of, and holds ultimate investment discretion with respect to, Vision Fund II. Services provided by SoftBank Investment Advisers to SBGA relating to Vision Fund II are reflected in an intercompany agreement entered into between each of the SoftBank Investment Advisers and SBGA. The Funds are private funds that invest through privately negotiated transactions in operating entities, generally referred to herein as “portfolio companies,” and, in some cases, through direct or indirect investments in public securities. SoftBank Investment Advisers’ investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating the terms of investments, managing and monitoring investments and achieving dispositions for such investments. The senior principals or other personnel of SoftBank Investment Advisers or its affiliates generally serve on portfolio companies’ respective boards of directors and, in certain cases, otherwise act to influence control over management of portfolio companies in which the Funds have invested. SoftBank Investment Advisers’ advisory services for the Funds are detailed in the applicable private placement memoranda or other offering documents, including any subscription agreements (each, a “Memorandum”), limited partnership or other operating agreements or governing documents (each, a “Partnership Agreement”) and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds (generally referred to herein as “investors” or “limited partners”) participate in the overall investment program for the applicable Fund, but, in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the relevant Partnership Agreement; such arrangements generally do not and will not create an adviser-client relationship between Softbank Investment Advisers and any investor. Certain Funds or their general partners have entered into side letters or other
similar agreements (“Side Letters”, together with any Partnership Agreement and relationship agreement, “Governing Documents”) with certain investors that have the effect of establishing rights (including economic or other terms) under, or altering or supplementing the terms of, the relevant Partnership Agreement with respect to such investors. SoftBank Investment Advisers makes arrangements for limited services (including personnel) from subsidiaries of SoftBank Group Corp. (all such subsidiaries, the “SoftBank Group”) to fulfill its obligations to the Funds. References in this Brochure to SoftBank Investment Advisers mean the relevant entity or entities arranging such services and/or its or their affiliates and their respective personnel on behalf of the Funds. SB Investment Advisers (US) Inc. is a wholly-owned subsidiary of, and is controlled by, SoftBank Group Corp. Additionally, from time to time and as permitted by the relevant Partnership Agreement, SoftBank Investment Advisers is permitted to provide (or agree to provide) investment or co- investment opportunities (including the opportunity to participate in co-invest vehicles) to certain current or prospective investors or other persons, including other sponsors, market participants, finders, consultants and other service providers, SoftBank Investment Advisers’ personnel and/or certain other persons associated with SoftBank Investment Advisers and/or its affiliates. Such co- investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms as the Fund making the investment. However, from time to time, for strategic and other reasons, a co-investor or co-invest vehicle (including a co-investing Fund) purchases a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell- down or transfer) which generally will have been funded through Fund investor capital contributions and/or use of a Fund credit facility. SoftBank Group Corp., pursuant to the definitive merger agreement and related documents entered into with Fortress Investment Group LLC (“Fortress”), a global investment management firm, announced that it had completed its acquisition of Fortress on December 27, 2017. As described further in the applicable Memorandum, Fortress has an existence independent of SoftBank Investment Advisers and the Funds, and primarily carries out its investment operations independently of SoftBank Investment Advisers and the Funds, apart from the services of certain SoftBank Group personnel to both SoftBank Investment Advisers and Fortress. However, certain personnel of SoftBank Group, including members of both SoftBank Investment Advisers’ board of directors and investment committee, serve on the board of directors of Fortress, but will not serve on the investment committees of any pooled investment vehicles, managed accounts or other similar products sponsored or advised by Fortress. For regulatory and contractual reasons information barriers have been implemented between Fortress and SoftBank Investment Advisers and the Funds. SoftBank Group and Fortress personnel are not expected to share information with one another as a matter of course, including with respect to potential investment opportunities. As part of its ordinary course of business, and as described more fully in the applicable Fund’s Memorandum, Fortress and its subsidiaries and affiliates may act as an investor, investment manager, lender and/or in other capacities related to Fortress’ investment management business, and have, and will have, other direct and indirect interests in the markets in which the Funds and the Funds’ investments may also directly and indirectly invest. Certain conflicts of interest may arise in connection with the activities of Fortress. As of March 31, 2023, SoftBank Investment Advisers managed approximately $65,927,476,128 of regulatory assets under management on a discretionary basis.