SoftBank Group Corp. Chief Operating Officer Marcelo Claure has advocated for a spinoff of the company¡¯s Latin American investment fund, putting him at odds with founder Masayoshi Son, who disagrees with the move, according to people familiar with the discussions.
The Latin American venture isn¡¯t as high-profile as SoftBank¡¯s mammoth Vision Fund, but it has grown to $8 billion in assets since its launch in March 2019. The initial fund, under Claure¡¯s leadership, has backed 48 companies and generated an internal rate of return of 85% in U.S dollar terms.
Claure sees a spinoff as a way to build the business, create value for SoftBank and boost his own compensation, said the people, asking not to be identified because the matter is private.
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