My Age of Investment

  Chapter 531 Negotiating terms (seeking monthly ticket)

  It's normal to have a request, but it feels strange not to mention it!

  Xia Jingxing didn't think there was a problem, so he raised his hand, "Please say!"

  Seeing that Xia Jingxing is so refreshing, Zhao Jun didn’t know how to say something.

  However, he is not a newcomer. He has been in the financial circle for so many years, and his face is not thin.

  It is normal to talk about interests, and it means that the Chinese are a little bit of the mean, not as direct as foreigners.

  Thinking about it, Zhao Jun slowly said: “Project dividends, I don’t have any requirements, just 20%*20% common in the industry.”

  Xia Jingxing nodded and agreed, which is about 4% of the fund's overall profit share.

  Because when some funds are liquidated, the profit will be required to first deduct management fees and deduct 6%, 8% and other guaranteed income. The remaining money is called excess income, and GP and LP take a 28% share.

  The part allocated by the GP investment management agency must be divided equally with the fund manager and the team.

  In the end, the dividends paid to fund managers are usually lower than 4%.

  Take an example: 1 billion RMB asset management scale, ten-year fund duration, 2% annual management fee, guaranteed annual return rate of 6%, ten years later, the fund reached a scale of 10 billion yuan when it was liquidated.

   is not to say that 10 billion minus 1 billion principal, the remaining 9 billion will be distributed by 28.

But according to priority: regardless of the fund’s profit or loss, first deduct 200 million management fees, then return 1 billion principal to the investor, and then deduct 600 million guaranteed income, and finally 8.4 billion is left. GP takes 20%, which is 1.68 billion, and LP takes away 80% is 6.72 billion.

  Fund managers and teams, drawn 20% from 1.68 billion, or 336 million.

  336 million, divided by the book value of 9 billion floating profits, the figure is equal to 3.73%, which is less than 4%.

  This data is not bad, because the book return is high enough, nearly 10 times.

  If the book return is low, the data is horrible. After deducting the management fee, refunding the principal and issuing the guaranteed income, it is found that it is a negative number...

  That is, the guaranteed return rate has not been reached. I'm sorry, but there is no dividend. It depends on whether the management fee can support the company.

  Management fee, regardless of whether the fund loses money to make money, it must be collected every year.

  A powerful investment institution directly exempts management fees and relies on dividends. This is to have full confidence in their strength.

  Seeing Xia Jingxing nodded and accepted his request, Zhao Jun said: "I actually don't have too many requirements for treatment. Compared with these, I value the investment platform of Envision Capital more!"

  Xia Jingxing chuckled softly, this is the brand effect.

  It has been half a year since he returned to China, and Envision Capital has initially gained a reputation.

  Although there are some jumping clowns discrediting Vision Capital, saying that investment is out of order and driving up the price of the target.

  But people with real vision can see the energy of Vision Capital.

  Some diaosi entrepreneurs and the general public don’t have this vision, so Xia Jingxing values ​​fame so much and spares no effort to maintain her own reputation.

   "In addition, there is one more thing. I have to tell Mr. Xia that I have always had the idea of ​​starting a business."

  Xia Jingxing was a little surprised. He couldn't remember when Danshuiquan was founded, but the other party already has the idea of ​​starting a business, which means that it should have been established in the last year or two.

  Zhao Jun is not afraid to annoy Xia Jingxing and cause his franchise to fail. After all, talented people will never miss a meal wherever they go.

  He continued to preach: "But my entrepreneurial idea is just a rudimentary form. A complete plan has not been formed yet, and no action has been taken.

  The reason why I want to start a business is because I have been a professional manager for too long, and I want to try my own boss. "

  Zhao Jun smiled. He knew that it would be useless to be sloppy with a smart person like Xia Jingxing and a big business man. It might as well be a showdown, maybe he could achieve the goal.

  Xia Jingxing's face was calm and calm, but she felt a little bad in her heart. Once a person doesn't want to work, unless he fails, he won't be able to bring back ten cows.

  He was not sure whether Zhao Jun wanted to use this as a bargaining chip to negotiate terms, or whether he would show his true feelings.

   But no matter what kind, he can't show too obvious tendency at the moment.

  I have been in business for a long time. In the long-term intrigue environment, every successful businessman is an actor.

   "Then you tell me this... mean?"

  Xia Jingxing still had a calm smile on her face, and she couldn't hear her likes or dislikes in her tone.

  Zhao Jun waved his hand and said with a face of Chen Ken: "I have no other meaning, just want to be more honest with you, President Xia. I always believe that true love is true!

  If you hire me, Mr. Xia, no matter how good or bad the fund is, I will definitely leave within three to five years to start my own fund.

  At the same time, if the fund is operating well.

  I hope I can get your help from Mr. Xia when I start the fund. "

  Xia Jingxing smiled, "I admire your frankness, but you make me hesitate to say that."

  Zhao Jun asked: "What are you hesitating?"

  "Cultivate yourself a potential competitor?"

   Zhao Jun shook his head like a rattle, and analyzed Xia Jingxing: “As time goes by, the future domestic private equity funds will only increase.

  At that time, although everyone is a colleague, there is no fierce competition.

  On the contrary, I think the two sides can form alliances and cooperate on many projects.

  In addition, Vision Capital or Mr. Xia’s assets are not placed in a basket, and some risks can be diversified. "

  Xia Jingxing now thoroughly understands that the reason why the other party chooses to join Vision Capital at the moment is that the investment experience of mixed private equity funds is one of them, and the second is probably to make his own ideas.

  In addition to entrepreneurs who have looked for Yuanjing Capitalization, many investment institutions can also find Yuanjing Capital's fund of funds for alms.

  Gao Ling Capital is one of the vivid examples.

  Xia Jingxing currently does not want to engage in too many vests and clones. The waterfall investment of the Gates family has injected a huge amount of money into dozens of external funds. In addition to diversifying risks and increasing investment value, there is also a layer of hidden family wealth.

  He is far less rich than Gates at present, so he doesn't have so many worries.

  From the fact that most of the funds are his own money, it can be seen that he does not even want to raise external funds at this stage, let alone invest in external funds.

  Xia Jingxing gave Zhao Jun five fingers and said, "Five years, five years for you.

  If you run the fund to my satisfaction within these five years.

  Five years later, I will vote you up to 500 million!

  The specific investment amount depends on your grades. "

  Hearing this, Zhao Jun relieved a lot, and his basic purpose was achieved.

  He came to see Xia Jingxing and told him that he wanted to start a business.

  The main purpose is to raise money!

  As long as Xia Jingxing is willing to support him, starting a business is half the battle.

   "That line, I have no other problems, I am willing to join Vision Capital."

   After that, Zhao Jun smiled and stood up, leaned slightly, and handed Xia Jingxing a hand.

   Seeing that Zhao Jun was finally persuaded, Xia Jingxing stood up with a smile and grasped the other's hand, "Welcome to join the Envision Capital family!"

  As soon as he withdrew his hand, Xia Jingxing remembered one more thing, so he said: "In addition to trading funds, I have to entrust you with a task."

   "What task?"

  Zhao Jun frowned, and the heart that had been let go, hung up again, for fear that Xia Jingxing might give him some difficult task.

  As if guessing the worry in Zhao Jun’s heart, Xia Jingxing shook his head and said with a smile: "It's not as difficult as you think, I want you to take an apprentice."

  Zhao Jun guessed that Xia Jingxing was hoarding talents. When he left after five years, someone could take his place.

  He also understands this very well. For businessmen, they pay attention to maximizing their interests.

  “I’m not sure if the students taught can reach or exceed my level.

  General Manager Xia, you also make investments. Naturally, you know that this is an industry that pays attention to accumulation, vision, and talent.

  There are many things that can only be understood and cannot be said. Pure professors cannot teach investment masters. "

  Xia Jingxing knew that the other party was "speaking ugly first", and smiled: "No problem, as long as you are willing to teach, how much you can learn is his ability.

  Actually, you are right. In this business, talent and experience accumulation are both important.

  Even if you teach an apprentice, the apprentice may not be able to play with investment, let alone starve the master. "

  Zhao Jun knew that Xia Jingxing had misunderstood what he meant, and waved his hand again and again, “Mr. Xia, I don’t have the idea of ​​keeping a hand. I’m sure to impart the knowledge I have learned without reservation. How much I can learn depends on the students’ own ability.”

   "Okay, that's it!"

  Xia Jingxing made a final decision, and he finally found a master for Deng Fenghua.

  (End of this chapter)