My 1999
Chapter 485 Evergreen Fund
Looking at Xu Liang sitting on his left, Jiang Weiguo's eyes appeared dazed for a moment.
Although he had long felt that Xu Liang's future was limitless, looking at this young and slightly immature face, it was difficult to integrate him with a financial giant with profits of more than 10 billion US dollars.
Xu Liang felt his arm move.
Turning around, he met Jiang Xiaoyang's eyes.
Xu Liang saw the inquiry.
He smiled and patted her hand.
In fact, there were two main reasons why he handed over his details.
First, the money must be invested in China. If someone is interested, they will definitely find out. Now that he has lied, if someone finds out later, it will inevitably cause a gap in the Jiang family.
Secondly, he is free to play with women outside. The Jiang family must have heard about it. Without strong support, his relationship with Jiang Xiaoyang would definitely be full of twists and turns.
The premise of freedom has always been strength.
Therefore, he does not mind proactively revealing his net worth to enhance his importance in the eyes of the Jiang family.
"Xu Liang, have you really made so much money?"
Liu Jihong, who reacted, confirmed again.
"Auntie, you can't fool anyone with this kind of thing."
"That's right, if you have money, you have money, if you don't have money, you have no money. ...But, if you make so much, don't you suddenly become the richest man in the world?"
"It's still early to become the world's richest man, but the top few richest people in the world can still get there."
According to the Forbes rich list released this year, a person with a net worth of more than 20 billion US dollars can enter the top ten in the world.
Now, although none of his companies have been listed, and the specific profits of Hongyan Fund will not be exposed in detail, his exposed assets alone can exceed 20 billion US dollars.
"Great, my son-in-law is a rich man in the world. If you tell me, I will envy those old ladies who talk nonsense." Liu Jihong said excitedly.
Finding such a powerful son-in-law made her feel proud.
"Xu Liang, money is the right way to make money. You made a lot of money all of a sudden, have you considered where to spend it?"
Jiang Weiguo asked.
Xu Liang nodded and said: "Uncle Jiang, you also know that I have a commercial real estate company, Taihua, which mainly develops commercial complexes. I plan to invest US$3 billion in this.
With the remaining money, I plan to use US$10 billion to establish an evergreen fund under Hanhua. "
"Evergreen Fund?" Jiang Weiguo asked doubtfully.
Xu Liang gave Jiang Xiaoyang a look.
The latter said knowingly.
“Evergreen funds are funds that pursue long-term returns and have several characteristics.
1. Evergreen funds have no fixed renewal period.
In theory, usually after a period of time, usually four years, the LP can still request to withdraw.
Exit methods are more complex and require an assessment of the portfolio's valuation at the time.
But generally speaking, the LPs of evergreen funds are long-term investors and rarely ask for exit.
2. Evergreen funds have many advantages over ordinary funds.
The most significant benefit is that there is no pressure to continuously raise funds or exit deadlines. Of course, it also avoids many tedious routine tasks in the fundraising process and allows you to focus on the investment itself.
3. Evergreen funds account for a very low proportion of the total venture capital funds and can almost be ignored.
Only very high-quality institutions with huge amounts under management may become LPs of evergreen funds.
In foreign countries, it is usually university funds, retirement funds, etc.
Currently, well-known evergreen funds in the U.S. venture capital industry include ‘Xiaoshan Venture Capital’ and others.
There are currently no evergreen funds in the conventional sense in China. However, there are some evergreen small funds within some large VCs, most of which are partners’ own money, but their proportion to the total amount of money managed by institutions is not large. "
Jiang Xiaoyang talked eloquently, and Jiang Weiguo also understood the significance of Evergreen Fund.
"In other words, a fund that has no fixed exit period, uses dividends as its main profit model, and pursues long-term returns is called an evergreen fund?" Jiang Weiguo concluded.
"Uncle Jiang is so smart."
Xu Liang was generous in his praise.
"I plan to spend 10 billion US dollars to invest in China's high-tech industry, especially the chip industry."
Xu Liang said seriously.
Although he was frightened by the threat of old gangsters and did not dare to let Hongmeng directly enter the mobile phone industry, he can support the chip industry with his own money, and in the future he will be able to consolidate China's foundation in this area.
Of course, US$10 billion may not be enough compared to the increasingly large scale of chip investment.
But he still holds 15% of the shares in Amazon and Apple, and he can invest by buying and selling shares.
After all, there is no shortage.
"Have you really decided to do this?" Jiang Weiguo couldn't help but ask.
Xu Liang nodded affirmatively.
"I'm already working on this, and it will probably be finalized by the end of the year."
"Okay, very good, great. This is the attitude of a responsible entrepreneur and investor." Jiang Weiguo said happily.
As an official who has come through difficult times, he possesses simple patriotic sentiments.
If you just have money, you are just a capitalist.
He doesn't have a good impression of capitalists, but he doesn't have a dislike for them either.
But if it is an entrepreneur who can contribute to national development, then he will definitely welcome it.
Based on this emotion, Xu Liang's status in his heart instantly improved a lot.
Seeing the appreciation in his eyes, Xu Liangang breathed a sigh of relief.
Finally, my performance was not wasted.
"Thank you very much. I'm just doing my best within my ability!"
"It's good to do what you can. What the country is lacking now is patriotic people like you."
Jiang Weiguo picked up the wine glass and said, "For your thoughtfulness and responsibility, I propose a toast to you."
"You're welcome, I respect you."
"Dry."
"cheers."
As soon as the two touched each other, they each started drinking.
Xu Liang originally thought Jiang Weiguo was just taking a sip like before, but he ended up drinking it straight away.
Xu Liang had no choice but to drink up the glass of wine.
"Dad, drink slowly."
Jiang Xiaoyang couldn't help but persuade.
"It doesn't matter, it's not liquor. Besides, I'm happy today. Come on, pour me some more."
Xu Liang glanced at his future mother-in-law tangledly.
He didn't want to make others complain about pouring the wine himself.
But before Liu Jihong could speak, Jiang Weiguo had already picked up the decanter and filled the cup in front of him.
He was a little drunk, and his words were a little less cautious than before.
"Now that the country is opening up, it's a pity that at a glance, there are capitalists who only want to make money and enjoy themselves. They have forgotten about serving the country and the people. They are not as responsible as you, a person who has not graduated from college."
Facing the praise, Xu Liang felt a little ashamed.
He first owned a beautiful house with fine clothes and enjoyed it for a long time before investing money in it.
"Uncle Jiang, you are flattering me. I am not as noble as you said."
"I don't care about your deeds or your intentions here. Since you've done it, you deserve it. Come, have another drink with me."
Xu Liang naturally did not dare to refuse.
As a result, Jiang Weiguo drank more and more.
I was immediately drunk when I got there.
"This damn old man only cares about his own happiness and has forgotten everything I told him." Liu Jihong said helplessly.
During this meal, her original intention was to test Xu Liang's tone and ask him when he would marry Jiang Xiaoyang. After all, my daughter is already 26 this year.
I have reached the age of talking about marriage.
How could she not be anxious?
Helped Jiang Weiguo to the room.
"Xiaoyang, you go out, I will take care of you here."
"Mom, I'm right outside. If you need anything, just call me."
Liu Jihong waved his hand, "It's nothing. Your dad is a pretty good drinker. He doesn't make trouble when he's drunk. Just wait until he wakes up. By the way, Xu Liang, I won't give it to you."
"It's okay, Auntie."
Come downstairs.
"It's getting late, so I'll leave first?"
Jiang Xiaoyang nodded, "I'll give it to you."
Seeing the beauty with rosy complexion and radiant eyes after drinking a little red wine, Xu Liangliang felt warm.
He stepped forward and hugged the slender waist that could only be grasped, lowered his head and kissed her.
The slightly rough big hands also went in along the hem and started to roam around the body.
After a long time, Jiang Xiaoyang was reluctant to push away.
"How about you go back with me?"
"No... no way. My parents are both at home. If I leave now, they will definitely have random thoughts."
Seeing her determined expression, Xu Liang didn't make things difficult for her anymore.
"I'm leaving?"
"I send you."
Jiang Xiaoyang tidied up his clothes, buttoned them up, and sent Xu Liang away.
The car drove out of the compound.
The dog days of summer were still very hot even at night, which made Xu Liang, who was aroused by Jiang Xiaoyang, feel even more hot.
"It's a pity that Kaiyue is not in the capital, and Manniang didn't win it either. It's really..."
Xu Liang couldn't help but shook his head.
After driving for a while, Xu Liang stopped the car after seeing a barbecue stall on the roadside.
"Boss, do you have any cold beer?"
"have."
"Where's the draft beer?"
"Yes. Cold beer costs two yuan a bottle, and draft beer costs five yuan a cup."
"A cup of draft beer, 50 mutton skewers, 30 skewers of pork belly, 10 skewers of lamb kidneys, and a plate of peanut edamame."
"Okay, please sit down and the barbecue will be served to you soon."
Xu Liang nodded and found an empty seat in the corner to sit down.
Although I ate a lot of dumplings at Jiang's house, I was dragged to drink by Jiang Weiguo later, so I didn't even have time to finish eating.
“Here’s your peanut edamame and draft beer.”
The boss lady, wearing a blue and white T-shirt and cropped pants, brought the things over.
Xu Liang picked up a full liter of draft beer and put it to his mouth and took a sip.
A stream of cold drink went down his throat.
After it fell into the stomach and melted away, the billowing cold air filled the air, and the accumulated heat and heat dissipated a lot in an instant.
After taking a few sips, Xu Liang put it down.
A look of satisfaction.
"Comfortable."
I peeled a few peanuts and edamame and threw them into my mouth.
Ba Shi is very good.
But the best thing is the roasted kidneys.
Fat and thin, half a mouthful. After swallowing, drink two sips of draft beer. In the hot summer, it is simply enjoyable.
Xu Liang ate and drank, and the barbecue and beer on the table became less and less.
Suddenly, a familiar singing voice came.
"Autumn wild geese are flying on the river and it is raining,
People from all over the world,
A person who is reasonable is a confidant.
The king in the palace and the ministers in the hall..."
Xu Liang subconsciously looked in the direction of the sound. He hadn't noticed it before, but now he realized it was the TV not far away from the barbecue stall owner.
"Iron teeth and bronze teeth Ji Xiaolan?"
Xu Liang instantly remembered this TV series that he often watched in his previous life.
There are not many domestic TV series that have become series and have achieved good results.
But "Iron Teeth and Bronze Teeth Ji Xiaolan" is definitely one of them.
"Let me ask Lily tomorrow if I have a chance to buy the copyright."
Xu Liang said.
While he was watching TV with relish.
"Have you heard that the company is about to arrange Series B financing?"
"Your information is out of date. Who among the middle-level and above people doesn't know about Hongmeng's Series B financing?"
The words floating from the side made Xu Liangliang move, and he subconsciously speeded up his eating.
"It's a pity that we entered the company too late and didn't get the options, otherwise we would have made a lot of money this time."
"Who says it isn't?"
"Isn't that right? Zhou Peng has been in the company for less than three years. How did he get the options?"
"My uncle is the vice president of No. 1 store and is in charge of the offline boutique business. Isn't it easy to arrange for my nephew?"
"Isn't this a blatant violation of the company's policies? Isn't he afraid of investigation?"
"What to check? Where to check? They have met the company's requirements for a boutique store to have an annual revenue of over two million, and they agree with the option reward standards."
"So this Zhou Peng is quite capable."
"The reason for his fart's ability is that his family has money."
"You mean, his family spent money to increase his sales?"
"Yes. I heard that his family has a good background. It seems that he is a state-owned enterprise. He directly spends the state's money to buy things and distribute them as gifts."
"Oh, I wish I had rich parents."
"Let's not even think about such good things. Come on, let's drink."
“Drink, drink.”…
He does not mean that.
Xu Liang didn't expect that the system he had established would be taken advantage of?
Although the company made a lot of money in this way, the valuable options were not rewarded to talented people.
This is obviously very detrimental to the future development of the company.
Moreover, state-owned enterprises in Beijing spend a lot of money to purchase gifts and distribute them to their employees during the New Year and holidays.
If someone specifically uses this upper position, he can definitely climb very high.
Xu Liang doesn't mind giving these people with strong backgrounds some idle jobs and spending money to support them for Hongmeng's future. But we definitely don’t want someone with a low status to sit in a high position and affect Hongmeng’s future.
Thinking of this, the mutton skewers in my mouth no longer taste good.
Eat the remaining meat in two or three bites. After hurriedly paying the bill, he rushed home.
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