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Byline: Robert Walzer
The Softbank Europe Ventures fund, initially set to be capitalized at $600 million, has been halved.
Its parent, Japan's Softbank Corp., will invest $100 million to $150 million less than originally intended, a spokeswoman said. And Softbank Europe Ventures will return $200 million in committed capital to limited partners comprising unnamed corporate funds and wealthy individuals, said David Sola, its managing director.
The fund's size will be $250 million to $300 million and come mostly from the parent company, Sola said. "First-time Softbank funds are largely Softbank money," he said. "In the past, with the market as it was, …