This person and others see parallels to what took place at Deutsche Bank, the now struggling lender whose lack of oversight and controls saw its balance sheet laden with risky products of the sort Mr Misra specialised in. SoftBank is saddled with $160bn of interest-bearing debt and its bonds are rated non-investment grade. The Vision Fund has a unique structure — created by Mr Misra — where roughly $40bn of outside investor funds are in the form of preferred shares that work like debt and pay an annual coupon. When SoftBank looked to return capital to its Vision Fund backers earlier this year, Mr Misra added yet more leverage, taking out a $3.5bn loan mortgaged against the stakes in Uber and Slack. Under Mr Misra's watch, the fund's ranks have grown to more than 400 employees, while it tries to shed its unruly image. It has tightened control functions in areas such as compliance, accounting and legal. "I'll tell you the biggest change in two years. We are learning so much. It's becoming sixth sense.