One of SoftBank’s surviving masterminds, Rajeev Misra, could soon step down from his position as the Co-CEO of the Vision Fund. Having close relations in the tech world and having mastered the strategic moves, Misra has been at the forefront of a high-profile SoftBank investment. However, his resignation is significant for the Vision Fund, which has turned into one of the biggest technology investment funds globally. Here’s what is behind this move and the implications of this move for SoftBank and its Vision Fund.

Misra’s Influence over SoftBank Vision Fund

Misra has been instrumental in Vision Fund since 2017, when he was the CEO of SoftBank Investment Advisers and the Co-CEO at the Vision Fund. He was instrumental in assembling the $100 billion for the Vision Fund and lined up support from the biggest fund contributors, such as Saudi Arabia’s Public Investment Fund and the United Arab Emirates’ Mubadala Investment Co. Uber, WeWork, and DoorDash are some of the big startups in which Vision Fund, under him, invested, which shaped SoftBank as a global tech investor.

However, unlike the Vision Fund, which has received success, particularly in some major investments such as WeWork, which has had some problems in its business. Nevertheless, Misra’s rather risk-seeking operational model made SoftBank a tech titan and altered the nature of the venture capital industry.

Why Is Misra Leaving?

According to sources, Misra’s exit is the initiative he has been planning to launch a fresh technology and renewable energy fund. Even though SoftBank has not explained why Misra resigned, information points to the fact that he is willing to chart his course after taking time to construct the Vision Fund powerhouse.

That said, Misra could be part of SoftBank’s regular reorganisation process given the dynamism in market circumstances. SoftBank has recently delivered huge downgrades, especially on its technology bets, and has been rejigging.

What’s Next for SoftBank?

In particular, with Misra resigning from his position, SoftBank will have to look for a worthy successor who would manage the Vision Fund during crises. His departure will be another addition to several leadership shifts in SoftBank in the recent past causing turmoil regarding the company’s future.

That is why, for investors and specialists, Misra’s exit is the end of an era for SoftBank’s Vision Fund. While SoftBank traverses through an unsteady market, Misra’s decision to go may lead to other changes across the investment behemoth.