My Age of Investment

  Chapter 806 Ten billion U.S. Dollar Asset Management Scale

night.

  Xia Jingxing tossed on the bed, and found that there was something in her heart, but she couldn't fall asleep.

  He glanced at the foreign girl, sleeping very hard, with his arm still on his body.

  He gently lifted the foreign girl's hand away, and got out of the bed cripple.

   Fearing to wake the foreign girl, he did not turn on the light, relying on the faint light of the mobile phone to get out of the bedroom.

  Across the corridor, he came to the study, made himself a cup of coffee, turned on the computer, and then he made a few calls.

  Vision Capital China team is a little better, because it is daytime, I didn’t realize how painful it was, and started working overtime after receiving the task.

  Vision Capital's US team was a little bit distressed. They received a call in the middle of the night, got up from bed, drove to the company, cursed Xia Jingxing for being cruel, sipped coffee and refreshed, and then continued to work.

  Because they don’t work hard, they can’t work. The executives also work overtime with them, staring at them.

  Furthermore, the executives are still talking, add one night shift tonight, and double the salary next month.

  For the face of money, they would curse the boss a few words in their hearts at most.

  In the middle of the night, a consolidated financial data report was sent to Xia Jingxing’s mailbox.

  Taking a sip of coffee, feeling less sleepy, Xia Jingxing manipulated the mouse and started checking emails.

  His current assets are mainly divided into two parts.

  Part of it is 30.38% of Facebook and 28.48% of oil pipe shares held by individuals;

  The other part is the 12 funds of Vision Capital, which hold 19.2% of Facebook and 18% of oil pipeline shares.

  At present, the twenty-four solar terms code has been activated by half, compared with last year, there are more A-share investors and two fund of funds Lidong and Dongzhi that short subprime loans.

Including important companies such as Hainei.com, Fuxing Industry Holding Group, Tesla, Android, Ari, Penguin and other important companies, all shares held by Xia Jingxing were transferred to these 12 funds, which were registered in Cayman, etc. Offshore funds in offshore islands.

  In other words, through the scale of assets and financial data managed by the 12 funds, Xia Jingxing's real financial situation can be spied out.

   After a whole night, Xia Jingxing went through all the financial situation of Envision Capital.

  First of all, it is a loan, which was borrowed from major investment banks and commercial banks for a total of 3 billion U.S. dollars.

  Secondly, Ivanka still owes US$720 million for the purchase of the property to Ivanka's family, which will be paid in a lump sum after three years.

   40 Wall Street building was mortgaged by him 400 million US dollars, invested in the Paulson Fund.

  In addition, there are more loans for fund trading operations.

  The US hedge fund traded by Liu Hai and Jiang Ping borrowed more than one billion U.S. dollars in leveraged loans, and the A-share fund traded by Jun Zhao also pledged shares to pay for the 2 billion equity transfer of Sunco.

  You don’t need to pay too much attention to these fund transaction operation loans. As long as it is not an operation error or a sharp drop in stock price, it will not be suddenly liquidated or required to add collateral.

  What really caught him in his throat was the $3 billion syndicated pledge loan. This money was the cornerstone of building a visionary capital empire, and it was equivalent to his investment business.

  On weekdays, investment bank CEOs laugh when they see him, but once there is a problem with Facebook, these people are the first imps to claim their lives.

Envision Capital has developed over the past few years. Except for hedge funds and A-share securities investment funds, which have clearly made more than one billion U.S. dollars, the rest of VC and PE funds have not made obvious profits. Instead, they have given out more than two billion. U.S. dollars, and the money will not be collected in a short period of time.

  For example, the PE fund invested nearly 700 million U.S. dollars in Ari, and the 1.746 billion U.S. dollars managed by the VC Fund of Funds were all invested in a series of start-up companies such as mobile phone companies and the upstream and downstream of the mobile phone industry chain.

  None of these companies are listed, and many of them are still losing money. The data summarized in each report is quite exaggerated.

  The total valuation of the equity held by each VC and PE fund exceeds 5 billion U.S. dollars, which is fully double the initial investment, and the book value is as high as more than 2 billion U.S. dollars.

  However, it is only the book number. If all these assets are sold in a short period of time, it will be a question of whether the capital can be recovered.

For hedge funds, the total size of the two hedge funds previously managed by Jiang Ping and Liu Hai has exceeded US$2 billion, plus US$3 billion for short-selling subprime loans and US$400 million for Paulson, making the asset management scale easily exceed 50. Billion dollars.

  Because the hedge fund has raised funds externally, it really belongs to Xia Jingxing, the largest LP fund share, which is only less than 2 billion US dollars.

   VC, PE, hedge funds, and funds of funds all put together, the scale of asset management of Vision Capital has entered a new level, reaching the level of tens of billions of dollars.

  However, if he wants to realize quick cash in a short period of time, Xia Jingxing will at most take out US$2 billion from hedge funds and cannot repay the loan of US$30 billion.

If you sell the shares of dozens of start-ups held by VC and PE funds one by one, you may get back more than two billion US dollars, covering all the loan exposure, but this process will take at least a few months or even Is one year.

   Therefore, it can be quickly concluded that the current US$3 billion syndicated loan must be stabilized, otherwise it will completely destroy the current investment empire worth tens of billions of dollars, and the future value of hundreds of billions of dollars or more.

  In other words, the foreign girl is actually right to guess. He currently does not have the ability to repay $3 billion in a lump sum. The stability of Facebook is related to the survival of all his industrial territories.

  This is also the blame for his wanting to quickly expand Vision Capital. VC and PE funds are all funded by him alone, and he has not raised a cent from outside.

  If you really use other people's money to make money, there is no risk of borrowing at all.

   However, if you want to monopolize the most attractive startup shares and enjoy a thousand times the return, you have to bear a bit more pressure than others.

  Everything is fair!

After understanding all this, Xia Jingxing threw the mouse away and sighed, not only for his unborn child, but also for himself.

  According to the book number, he is already a real tens of billions of dollars, but the 3 billion dollars in cash can crush him to death.

  This is what people often ridicule about the rich: a billionaire with a value of hundreds of billions, it takes a lot of effort to dig out 10 billion in cash.

  Xia Jingxing took a look outside the window, and found that the golden light of the clouds was shining in the distance. He tossed for a whole night, and the sky was bright before he knew it.

   "Boom~"

  The foreign girl knocked on the door and walked in, stretched while yawning, "What are you doing, haven't you slept all night?"

   "I can't sleep, I get up in the middle of the night to count the money."

  The foreign girl immediately realized what Xia Jingxing was doing. She was a little touched, indicating that the man in front of her really took the child’s matter to her heart.

  "Then are you good enough? Can you cover all loan exposures?"

  Fearing that Xia Jingxing would fool herself, Yang Niu quickly added: "You tell me the truth, don't lie. Except for hedge funds, VC and PE funds are long-term investments. I believe it is not so easy to realize."

  Xia Jingxing smiled bitterly, the foreign girl is now more knowledgeable and not as good as she used to cheat. She didn't read these reports, but guessed the situation of Envision Capital.

   "Hey, let's not talk about it. The weather is pretty good today. Let's go for a walk. Pregnant women should get more sun."

  The foreign girl knew that Xia Jingxing didn't want to mention those bad things, so she simply stopped mentioning this topic.

  Today is the weekend. After the two had breakfast, they went out for a walk and spent some time in the sun.

  After returning home, the babes began to work in the garden as usual, planting flowers, weeding, and watering. Xia Jingxing patiently helped.

  At noon, after lunch, Xia Jing, who was too sleepy, went back to the bedroom to make up his sleep.

   Less than two hours asleep, he was awakened by a ringing of the phone.

   grabbed the mobile phone placed on the bedside table and took a look. He found that it was Yang Zhiyuan who was calling. After being surprised, he quickly answered the phone.

   "Hey, Jerry, good afternoon!"

  "Dylan, good afternoon! But, I may want to ruin your good mood. I have a bad news to share with you."

  (End of this chapter)