My Age of Investment

After dinner, Xia Jingxing settled the accounts quietly in the study alone.

The newly purchased villa cost 5 million US dollars, and the land in the barren hills was also negotiated by the employees, and the price was negotiated to 18 million US dollars.

The Gulfstream business jet, which is priced at US$60 million, does not need to be paid in one lump sum. You only need to pay a 30% deposit, which is US$18 million. The remaining balance can be paid in full when the aircraft is delivered.

After selling Facebook shares and paying taxes, the $871.25 million is only a fraction left after injecting $850 million into Vision Capital.

Xia Jingxing roughly calculated and found that there was a funding gap of 20 million US dollars.

A series of start-ups such as Tesla and LinkedIn invested by Lichun Fund are temporarily unable to obtain loans because their commercial value is not prominent, or they can obtain loans, but the mortgage ratio is very low and the borrowing rate is not cheap;

He personally invested 50 million and 800 million U.S. dollars in Yushui Fund and Liqiu Fund respectively. The funds basically have a place to go, and the investment plan has been made, so it is not easy to disrupt;

The net assets under management of Lixia Fund have reached more than 200 million, nearly 300 million US dollars. Since it is not yet time for liquidation and withdrawal, although he personally holds 20% of the investment shares and is the largest investor, it is not easy to go bad. rule;

Finally, there is the Xiaoman Fund managed by Jiang Ping, with a scale of nearly 600 million US dollars. As the GP manager, Jiang Ping personally contributed 12 million US dollars to subscribe for 2% of the fund shares.

Xia Jingxing sent Jiang Ping the first year's management fee of the fund, 12 million US dollars, as the franchise fee.

Jiang Ping changed hands and used the 12 million US dollars to subscribe for 2% of the fund shares to show his determination to advance and retreat with LP investors.

In fact, it only needs to subscribe for 1% of the fund shares, and the US$6 million can also be paid by Vision Capital.

But Jiang Ping refused and insisted on subscribing by himself.

Therefore, Xiaoman Fund is only related to Vision Capital, and Xia Jingxing has no personal interest in it.

After thinking about it, Xia Jingxing dug out the keyboard that had been dusty for a long time, typed it, and logged into the First Securities account.

He hasn't looked at his stock account for a long time, and he still has the last 80,000 shares of Amico in it.

Compared with the previous period, the share price of Amico,

Still not much up, hovering around $55.

The 80,000 shares were all sold for only more than 4 million US dollars, which could not fill the funding gap at all.

After much deliberation, he finally made a phone call to Duck Neck in China.

It was eleven o'clock in the evening. According to daylight saving time, it was six o'clock in the morning in Lin'an on the same day.

Abel was sleeping soundly in the hotel arranged by Ari, when he was suddenly awakened by the ringing of the phone.

Cursing, he struggled to grab the phone from the bedside table.

When he picked up his phone and saw that the caller ID indicated that it was the boss, he became sober all of a sudden.

Stop cursing, turn on the lights, and go to find water while answering the phone.

"Duck neck, you worked for Morgan Stanley before, right? I want to know more about their equity-backed loan business..."

After Abel understood it clearly, he patted his chest and promised: "Boss, don't worry, I'll leave this matter to me, and I promise it will be done properly.

However, boss, I have a suggestion, you can listen to it first. "

"you say."

Abel smiled and said: "The Boss, you alone invested in the Liqiu Fund. I suggest you put the 20% of Facebook equity into the fund and use assets instead of cash as one of the asset portfolios of the Liqiu Fund.

Then, our Liqiu Fund went to Morgan Stanley for a loan in the name of an institution.

Individuals and companies must be clearly distinguished to avoid debts involving themselves. "

Don't speak on the phone.

Xia Jingxing thought about it for half a minute, and felt that the idea proposed by Duck Neck was good. In addition to clearing up the debt problem, it could also hide part of his shareholding in Facebook.

But Abel thought very simply, he wanted to increase the asset management scale of the Liqiu Fund so that he could get more bonuses.

Although it is a fund wholly owned by him, Xia Jingxing did not take away any money, and would still take part of the fund's profits to give bonuses to the fund's employees.

This is an important reason to attract outstanding talents to join us, and it is also the motivation to ensure that employees work hard.

The larger the fund management scale, the more profits and dividends.

Although this is not absolute, there is a high probability that this is the case.

Xia Jingxing more or less guessed the little tricks of the duck neck, wanted to become a big fund, wanted to become a well-known fund manager, wanted to get a high salary, and reach the pinnacle of life...

For these, he can tolerate, and it is normal for employees to have small thoughts.

What's more, the idea of ​​the duck neck is also seeking benefits for the company in disguise, because only when the company earns more, the employees below will get more dividends.

"Okay, you can contact your old superior and ask him to lead a team to Vision Capital to talk about it tomorrow."

Seeing Xia Jingxing's remonstrance like this, Duck Neck was also very happy, hung up the phone, and started contacting his old boss again.

As for sleeping?

The duck neck is no longer sleepy, sleep is not as important as making money.

For people from investment banks like them, staying up late and working overtime is as normal as eating and drinking, and they have long been used to it.

Therefore, when Ya Ning called his old superior in the United States, the other party, not to mention sleeping, hadn't even finished work, and was still busy in the office late at night.

Hearing about such a big business, the MD managing director of Morgan Stanley was very excited, and kept saying that after the deal was completed, he would pay the duck neck a bonus.

Duck Neck refused to give the benefit fee, and asked the old superiors to be the best in terms of interest rate, equity pledge ratio, etc.

And show that this is the benefit fee for yourself.

In order to earn performance in front of Xia Jingxing, the boss, the duck neck also worked very hard, not even wanting the benefits of stuffing it into his hands.

In fact, duck necks have a long-term view and want more things.

…………

…………

the next day.

Richard, the managing director of Morgan Stanley, took a team of people, flew from New York to San Francisco early in the morning, and then drove to Silicon Valley.

"Mr. Xia, this is my business card."

Richard is a white man in his forties, with meticulously combed hair, high-end suits, and the appearance of a top financial elite.

Although he was the managing director of Morgan Stanley, he put on a very low profile, shaking hands and handing Xia Jingxing his business card as soon as they met.

There are three levels between the MD managing director and the VP vice president, almost standing at the top of the investment bank pyramid.

But the reality is that, taking Morgan Stanley as an example, hundreds of MDs are promoted every year.

Although it is not as exaggerated as Goldman Sachs's more than 10,000 VPs, it is also a showy operation. It has ruined the rank of the investment bank. It is very watery, and it is still a senior wage earner.

Xia Jingxing accepted Richard's business card, and called the other party and the entourage brought by the other party to sit down, and then asked the staff to make a few cups of coffee.

The coffee was placed on the table, almost no one drank it, and it became a decoration. Everyone from Morgan Stanley focused on Xia Jingxing, waiting for the father of Party A to speak.

Seeing this, Xia Jingxing also knew that investment banks pay attention to efficiency, and he didn't seem to want to wait for a moment, but wanted to get to the point, so he said:

"Then I won't waste time. To make a long story short, I need a sum of money, the amount can't be less than 1.5 billion US dollars. For this reason, I will inject 20% of Facebook's equity into the Liqiu Fund, and then the fund will pledge it to you..."

As a matter of fact, Duck Neck had spoken to Richard in detail yesterday.

Before coming, their team checked various information about Facebook on the plane and in the car, and held a short seminar.

Richard said slowly: "If the information we have is correct, Miss Walsh once pledged 14.74% of Facebook shares to Goldman Sachs in exchange for a loan of 1.025 billion US dollars, with a pledge rate of 67.8%.

In view of this, we have assessed that we can provide Mr. Xia with a loan of US$1.4 billion at most. "

"What about the term of the loan?"

Xia Jingxing didn't say yes or no, and asked the next question.

Richard asked the subordinate accompanying the team to hand over a document, which clearly listed Morgan Stanley's loan products.

For short-term loans within one year and within one year, the interest rate is 4.35%;

Medium and long-term loans from one year to five years, the interest rate is 4.75%;

For long-term loans over five years, the interest rate is 4.9%.

very detailed.

Xia Jingxing glanced at it, then threw the document on the table, and said in a cold voice, "Are you kidding me?"

Richard also didn't expect that the other party would be so moody.

However, he has rich social experience, he has seen everything and met everyone, and his psychological quality is very good.

When the young people accompanying him all turned pale, Richard still had a professional smile on his face.

"Mr. Xia, if there is anything unreasonable, please point it out, we can communicate."

Xia Jingxing saw that it didn't work if he tried his best, and he also knew that the other party was an old financial veteran.

"The interest rate is too high. I'm afraid that small households like us won't be able to establish cooperation with big investment banks like yours."

Hearing this, Richard had a three-point smile on his face. As long as the other party is willing to point out the problem and talk, it is a good thing.

In fact, this loan interest was also the bait he took out, because he wanted to use it as a bargaining chip to talk about other more interesting topics.

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