Rajeev Misra ramps up private equity bets as SoftBank scars fade

Rajeev Misra helped transform SoftBank Group into one of the world’s largest technology backers before his tenure ended amid souring bets and internal clashes. Now he’s once again looking to make a splash by snapping up stakes in private firms.

One Investment Management, the alternative investment manager Misra built after he stepped back from his main roles at SoftBank, is scaling back from an initial focus on credit in its main fund, according to people familiar with the matter. Instead, it aims to pour a majority of its remaining capital into owning minority stakes of privately held firms, the people said, asking not to be identified discussing non-public information.