My Age of Investment

   Chapter 933

"The Chinese rich man in San Francisco committed suicide by jumping into the sea due to business bankruptcy. His son living in a slum was found by private equity funds. The poor boy inherited the fund principal and 100 times dividends left by his father and became a billionaire overnight, reviving his family. , Better than ever."

  Andrew leaned on the soft sofa in the office on the top floor of the No. 40 Wall Street building, with Erlang's legs tilted and his cigar dangling, and he started talking.

  "Buy a fund for three generations! When you have spare money, you must buy a fund, because it is not only a way of asset allocation and financial management, but also a family inheritance, hope for a comeback, and a legacy for future generations..."

  Xia Jingxing, who was sitting across from Andrew, raised his head and vomited a big smoke ring. Then he picked up the brandy on the table and took a sip, held it in his mouth, and savored it carefully.

  "You should really replace Abel. You are more suitable for fund sales than that kid, and you can be said to be dead if you live.

   Still jumping into the sea to commit suicide? They are not dead! Only fled abroad to avoid debt collection. "

  Andrew spread his hands, "I didn’t make up this. Now San Francisco and Silicon Valley are circulating such a story, and there are other more interesting versions. Would you like to listen to it?"

  Xia Jingxing waved her hand and said with a laugh: "Forget it, it must be the private equity funds around Silicon Valley and San Francisco that have made up to cheat customers. They clearly bought hedge funds, and they became private equity funds in their mouths. It's really interesting!"

  Andrew smiled. He did not attend the thank-you reception a few days ago. The stories all come from hearsay, but today he learned from Xia Jingxing that there is such a story prototype, and he was amazed.

  Shit, luck is too good!

  Xia Jingxing felt terrible. In just a few days, the story spread from the east coast to the west coast, and the more it spreads, the more outrageous, the more evil it spreads.

  Mr. Lin called yesterday to tell Xia Jingxing that a reporter came and asked to interview him, and the publisher contacted him and wanted him to publish a book, and the TV station invited him to be a guest of the show...

   was originally a loser, but suddenly became popular and became a successful person who the whole American society is paying attention to.

  Lin always has some happy troubles. Ask Xia Jingxing on the phone. Is it better to keep a low profile? It is better to accept media interviews and get rid of some rumors about him by the way.

  Xia Jingxing let Mr. Lin decide for himself, whether to publish books or show shows, just as he likes.

After thinking about it, Mr. Lin told Xia Jingxing that he wanted to choose high-profile exposure. After all, he didn't steal or grab it. It was money earned from legal investment, and exposure could also gain fame and help future career development.

  General Manager Lin’s choice is in the arms of Xia Jingxing. The legendary fund Lixia No.1 of Vision Capital needs such an advocate to speak out.

After all, this is not a controversial financial action like shorting subprime mortgages. If there are achievements, you don’t need to hide it. Otherwise, how can it be with those who "maintain an annualized rate of return of more than 20% for 20 consecutive years" and "an increase of 10,000 times in 50 years" The legendary investment company is on par.

  This is also a kind of momentum, which is quite good for subsequent fundraising work and raising fees.

  Xia Jingxing looked at Andrew with a long sigh and felt amused, and said, "What are you sighing about here? Didn't you also invest in Lixia No. 1 Fund 1 million dollars? You should have earned more than 40 million dollars, right?"

  Andrew looked distressed, "Oh, don’t say it, I had known that I would have to make an investment of three to five million US dollars just to sell iron!"

   "I knew it... it's hard to buy a daughter, I know it!"

  Xia Jingxing smiled, “Remember that I was persuading you at the time and you just invested. Why did you start to regret it now?”

  Andrew looked a little embarrassed, but he had a thick-skinned face, and soon covered the embarrassment with a smile.

  "Daren, am I not here to come to New York to thank you?"

Andrew thief smiled and said: "Let’s go, which club in Manhattan are you going to tonight? I will pay for the whole consumption! The imperial package of hundreds of dollars, thousands of dollars or even tens of thousands of dollars an hour, whatever you want You pick."

  "Do you know the market so well?" Xia Jingxing asked with a smile.

   "Did you forget what I did before?"

  Andrew got up with a wine glass, and the sofa that had been dented and deformed immediately bounced back to its original shape.

He walked to the window, looked at the New York skyline with tall buildings outside, and said with emotion: "I really miss it! I remember when I was a financial lawyer in New York, clients often asked us to relax, and I didn't know if we could still relax tonight. Can’t meet some familiar faces."

  Xia Jingxing smiled and said, "You still have a relationship with a prostitute."

Andrew turned to look at Xia Jingxing and smiled, "The charging standard for call girls is a barometer of the Wall Street financial market and the economy of the United States and the world. It is estimated that starting from this month, the charges will definitely be lowered a lot. .

  But remember to ask them to issue invoices, you can use the public account to deduct taxes. "

  Xia Jingxing was speechless, because this fat man was right. After the Wall Street financial market began to slump, it is estimated that the business of call girls will be greatly affected, and they may lose their jobs after a while.

After entering the new century, the Internet has become more and more developed. The mess in the office is definitely not as exaggerated as the 1980s and 1990s depicted in the movie "The Wolf of Wall Street". It's fun to die on the tubing.

  And as the complexity of financial products increases, the mind needs to stay awake at all times. If you press the Oolong Finger, it is not a joke. So nowadays, people who take drugs on Wall Street are relatively rare. In other words, many Americans are tired of high schools and colleges.

  However, it is indispensable to go to executives on Wall Street, to ordinary employees, and to go to bars and various clubs after get off work to relieve the tension caused by work.

  High-income people face high-paced work every day and are under infinite pressure. When they encounter beautiful girls from all over the world who come to New York to pan for gold, they naturally have a chemical reaction and build a city of money and desire.

  For the same reason, Lujiazui’s lace news is actually quite a lot.

   "You should have made a lot of money this time? You must have 500 million dollars, right?"

Andrew clearly remembers that 20% of Lixia No. 1’s funds were funded by Xia Jingxing himself, and also received a lot of management fees and excess income sharing. The gains from this fund should also be called a bumper harvest. One Securities and Stanford University's two largest LPs earn more, not less.

  Xia Jingxing smiled and did not speak, Lixia No.1 Fund really made him a lot, and finally he had a lot of money on hand.

  When the Lixia No.1 Fund completed the liquidation, the remaining figure after accruing the management fees for the first two years was US$2.2062.1 billion.

  The income distribution plan is to first deduct 2% of the management fee for the third year, which is more than US$44.12 million;

  Then return the LP principal of 36.25 million US dollars;

  Then redistribute the threshold income stipulated in the agreement, that is, the three-year average annualized rate of return is 10%. Based on the capital contribution of 36.25 million US dollars, this part of the income distribution figure is 10.875 million US dollars;

  After deducting the management fee, principal and threshold income in this order, the rest is completely excess income, and Vision Capital is divided between GP and LP.

  Xia Jingxing, as an LP, once invested USD 7.25 million, and personally allocated USD 338.4 million;

  Vision Capital, as a GP, received 20% of the excess income, the specific figure is 423 million US dollars;

   Including the management fee for the third year, a total of more than 60 million US dollars has been collected for the three-year management fee.

  Adding the three numbers, it looks like they have earned a total of more than 820 million U.S. dollars, but in reality it is not that much.

  The last two figures are added together, which is equivalent to the entire income obtained by Vision Capital from operating the Lixia No. 1 Fund.

  But the profits that eventually fall into his pockets will shrink a bit.

  Because of the management fee of more than 60 million US dollars, it needs to pay the daily salary and travel expenses of the Lixia No. 1 Fund team for three years. It has been spent a long time ago, and there is nothing left.

  The excess income of 423 million US dollars obtained by Vision Capital must be allocated 20% in accordance with the contract, that is, more than 80 million US dollars to reward the fund manager Liu Hai, and 10% to reward the fund team except Liu Hai.

  In the end, only 70% of the excess income was left in his hands, the figure was 296.1 million U.S. dollars. If we add 338.4 million U.S. dollars from the LP distribution, the total figure is 634.5 million U.S. dollars. This is the final income for his boss.

  With these more than 600 million U.S. dollars, the follow-up development funds for his Silicon Valley mansion have also been funded.

  He doesn’t plan to invest the money in the financial market anymore. He wants to keep it on hand as working capital. Now hundreds of millions of dollars of funds will not have much impact on the overall situation, and there is no need to live in a tight life as before.

  Carefully calculated, Lixia No.1 Fund is regarded as the first fund in the operating funds of Vision Capital, including VC, PE, and the secondary market, to achieve exit, which is of great significance.

  Employees have worked hard with the company for three years, and now they finally get their bonuses. The meaning is equivalent to the IPO of a startup company, collective wealth, and a bumper harvest!

  (End of this chapter)