Chapter 205 Half-step to tens of billions
“2.245 billion U.S. dollars?”
“All the proceeds will be divided?”
The whole place was in an uproar, and everyone looked at each other.
Although they knew that a lot of money would be shared, no one thought that Lu Liang would choose to share all the profits as dividends.
Investors in Fund No. 2 also experienced firsthand how investors in Fund No. 1 last year felt when they received dividends.
Take the No. 2 fund with US$20 million per share as an example. Even if the 20% management fee is deducted, there will still be a dividend income of US$32.6545 million.
In half a year, the huge asset management scale of US$1.1 billion reached a rate of return of 226.545%.
No wonder Wen Chao looks so proud. He dares to say that his company's cyclical profitability is unmatched by anyone in the world.
The No. 1 investors were envious, but it was just envy. After all, for them, this was already their second dividend.
The initial dividend amount was US$2 million, and the first dividend was US$5.728 million, and now it is US$3.2654 million.
In nine months, two dividends totaled US$8.9934 million, with an astonishing rate of return of 349.67%, and the principal is still there.
If I have to say that I am dissatisfied, I am afraid that I hate that I am not strong enough and cannot be favored by Lu Liang.
Just like Guo Changguang and Yu Shirong, they, like Wang Xiaocong and Meng Changkun, have received two licensing contracts.
Xiao Wang and Lao Meng are Lu Liang’s collaborators, so it’s not surprising that they received the dividend authorization contracts from the two funds.
But Guo Changguang and Yu Shirong also got it, which shows that Lu Liang has flexible criteria for determining subscription qualifications.
The so-called so-called No. 1 subscriber should not subscribe to No. 2 and give others a chance to participate. It’s all fucking bullshit.
In the final analysis, it is lack of strength. Their strength is not enough for Lu Liang to make flexible decisions.
At this time, Lu Liang also received two authorization contracts, because he was not only a fund manager, but also an investor.
No. 1 subscribed for 16 shares, and the dividend income was US$52.2464 million. No. 2 subscribed for five shares, and the dividend income was US$163.2 million.
Total dividends were US$215.4 million.
If you include 60% of the management fees of Fund No. 1, approximately US$24.4909 million, and 80% of the management fees of Fund No.2, approximately US$326.5 million.
After today, the liquidity held by Lu Liang will reach 566.3 million US dollars, equivalent to 3.624 billion Ruanmei coins.
Obviously, he was not the only one to realize this, both Xiao Wang and Lao Meng who were sitting next to him also realized this.
If you include the principal in the fund and the properties Lu Liang has invested in, his net worth is infinitely close to 5 billion.
Half a step to tens of billions.
Xiao Wang was jealous of his real name.
Take Shen Peng as an example. He became the founding and managing partner of Sequoia China in 2005.
After 11 years of development, the wealth held is only 13.2 billion, and the Zhuhu of Jinshajiang is even less, only 6.2 billion.
It’s not that Zhu Hu is much worse than Shen Peng, it’s just that Shen Peng was the founder of Ctrip and Homeinn before taking charge of Sequoia.
But they are all fund managers now, and the money managers are so rich, so the funds they can mobilize will only be more.
It took Sequoia 11 years and Jinshajiang 9 years, but Lu Liang only needed one year to be able to keep up with them.
Wang Xiaocong sighed, with a sad look on his face. This mocking nickname of Xiao Wang will probably stay with him for the rest of his life.
And it is very likely that in the near future, others will still be jealous. After all, not everyone is qualified for Lu Liang to call Xiao Wang affectionately.
When he thought of this, he felt even more uncomfortable. When did he, the son of the richest man, the nation's husband, and the Discipline Inspection Commission of the entertainment industry, need to envy others?
Meng Changkun put away his complicated expression and silently signed his name on the two authorization contracts.
Not a day goes by that he doesn’t regret his original decision, but if he had it to do over again, he would still do it.
In these years of development, we have owed too many personal debts, and some of them even take a lifetime to repay.
Lu Liang looked calm and sipped the hot tea until the last person in the conference room stopped writing.
He asked Wen Chao to put away the contract and walked up to the podium: "Everyone believes that you should be quite satisfied with this income."
Everyone showed a kind smile, and the principal was recovered on the first dividend. If they were still not satisfied, there would be a thunderbolt.
“I invite you to come here this time. Fund dividends are only one aspect. On the other hand, I want to discuss with you the preparations for Fund No. 3.”
Fund No. 3 is not what everyone imagined. So crazy, raising tens of billions of dollars at a time, only a scale of 5 billion U.S. dollars. But in terms of details, many changes have been made, such as the cycle and management fees, which have been lengthened or raised.
As soon as this statement came out, everyone present frowned, looked at each other, and talked a lot.
One year has turned into three years. If there is 100% profit, profit dividends will be distributed no less than once every year.
They had no objection to this change and were even very happy to see it. It showed that Lu Liang had changed his investment strategy and would reduce ultra-short-term speculation in the future and focus on medium- and long-term investment projects.
I often walk by the river, and my shoes don’t get wet.
This decision is undoubtedly wise, and it also reassures the investors of Fund No. 1 that they don’t have to worry about being excluded by Lu Liang’s flexible judgment criteria due to lack of strength.
The only thing that attracts attention is the increase in fund management fees, from the initial 2+20 to 5+25.
The asset size of Fund 3's US$5 billion is still divided into 50 shares, each of which is US$100 million.
Although there are many, Lu Liang creates a company when he opens a new fund, and so do they.
100 million US dollars per share is a lot, but when broken down into five or ten shares, it becomes very small.
Those who get the subscription share can also use this opportunity to make more friends. For example, you can use your own money to subscribe and give dividends to some relatives of some people.
When Lu Liang distributes dividends to them in the future, and they distribute dividends to those people, the road will become wider and wider.
A pyramid effect was formed, with Lu Liang at the top, and the people below him were divided into fifty parts, and the fifty parts were divided into five hundred parts, forming a huge interest group.
Key 5+25 is a bit much.
They have no objection to the admission fee of five million US dollars per share. After all, it is a three-year cycle, which is quite reasonable.
The key is the 25% revenue management fee. If the profit is 100% in the future, we should have received 80 million, but now we are left with 75 million.
5 million less earned, thanks to 5 million, rounding up is a loss of 10 million. The calculation unit is still US dollars, which is about 64 million soft sister coins, and rounding up is 100 million.
When the dissatisfied remarks came to his ears, Lu Liang smiled and said nothing. Since he accepted 5, it was only a matter of time to accept 25.
Li Zhekai looked thoughtful, discussed with his friends, and was the first to stand up and express his position: "Mr. Lu, the three of us can accept it, and hope to subscribe for ten shares."
Because the previous generation of Hong Kong investors were very arrogant, As a result, it has been difficult for the current generation of Hong Kong investors to integrate into the mainland circle.
Although Lu Liang did not say it clearly, his attitude was very clear. The subscription share of No. 3 will be selected first from No. 1 and No. 2.
When it comes time for them to take a stand, if they don’t stand up, they may end up with very few bites in their mouths.
In half a year, the return rate was 226.54%, even if it cost an extra 5% in income management fees, it was still worth it.
With a 5% increase, Lu Liang will also think about more rewards for more work.
Superman was the first to rush away. Before Lu Liang could respond, they all shouted: "Mr. Lu, we don't have any objections either."
Five billion US dollars is a lot, but the presence here is enough. There are 37 investors, and Lu Liang himself will definitely join the investment.
Assuming that according to the subscription allocation plan of Fund No. 2, Lu Liang will exclusively own five shares and Hong Kong investors will exclusively occupy ten shares.
Then there are only 35 copies left, which is less than one per person on average. It is absolutely impossible for them to agree.
The corner of Lu Liang's mouth raised with a smile on his face: "Since everyone has no objections, it is decided."
Later, he informed the subscription plan of Fund No. 3, and Required conditions for subscription.
The 'random' selection model is still adopted, and the time for subscription intention is set on the morning of the 27th.
However, capital verification is required first, and each application requires proof of capital of no less than US$70 million.
Lu Liang reserves three days for investors with less than US$100 million in liquidity to raise funds.
He doesn’t want some people to sign a subscription contract but not be able to get the funds they deserve during the fundraising period.
One hundred million dollars is not a small amount after all.
Everyone was speechless, not because of capital verification. Capital verification is a very common behavior.
It’s just Lu Liang’s ‘randomness’, just listen to it. To put it bluntly, it’s up to people to order the dishes.
There's still six o'clock.
(End of this chapter)