SoftBank Investment Advisers exploring structured credit fund – source

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The development was first reported by Bloomberg News earlier on Monday.

SoftBank declined to comment on the news.

In recent weeks, several major investment and private-equity firms have stepped in to fill the chasm created in tech investing by the collapse of Silicon Valley Bank in March.

Japan’s SoftBank Group Corp, a premier investor in high-growth technology firms, will be able to tap the rapidly growing private credit market with the move as multi-billion deals are increasingly funded through debt.

Earlier this month, the company posted a sharply narrower annual loss after a capital raise using its stake in Alibaba (NYSE:BABA) Group Holding Ltd helped cushion investment loss at its Vision Fund investing arm.