SoftBank Group’s funding autos posted a lack of practically $6 billion within the quarter that resulted in December because the Japanese tech investor continues to bleed via the market downturn.

That is the fourth consecutive quarter during which SoftBank Group has misplaced cash, prompting many to problem the elemental thesis of the large, which has deployed extra capital within the tech markets globally than anybody else prior to now decade.

SoftBank mentioned it misplaced $5.8 billion throughout Imaginative and prescient funds and Latin America fund within the quarter. Whereas a $5.8 billion loss is nothing to put in writing house about, SoftBank will take consolation in the truth that it misplaced $10 billion within the earlier quarter.

The corporate mentioned the truthful worth of its present late-stage portfolio is over $37 billion.

In 2021, SoftBank was probably the most prolific buyers globally, reducing checks value over $20 billion in only one quarter as many buyers aggressively scrambled to win giant offers. Because the market reversed early final 12 months, many backers have needed to brutally recalibrate their methods.

SoftBank Imaginative and prescient Fund invested simply $350 million within the quarter, in line with an earlier Bloomberg evaluation. TechCrunch understands that the sum SoftBank invested in the course of the quarter was lower than $350 million.

Whereas the monetary well being of SoftBank’s personal investments is opaque, it’s clear the way it has carried out within the public markets — and it’s not good.

Total, SoftBank Imaginative and prescient Fund 1’s holdings in its publicly-listed firms have a good worth of $19.9 billion, in comparison with the $31.4 billion that the large invested in them. By means of the Imaginative and prescient Fund 2, SoftBank poured $48.3 billion throughout corporations and is at the moment looking at a lack of $17.6 billion.

Whereas SoftBank’s shares in Coupang stands at a revenue of $4.2 billion, the Japanese agency has misplaced over $9 billion in Didi and $5.1 billion in WeWork.

Extra to observe.