Chapter 577 Amazing Fund Raising Amount
He previously thought of merging with Hongmeng’s ‘Hongmeng Mobile Phone Operating System’, but the different work cultures and attitudes of both parties, as well as the long distance, forced integration will only create more problems. Big gap.
Moreover, now that Hongmeng and Android belong to two companies, he also needs to consider how to distinguish the interests of Hongmeng and Hanhua.
"Forget it, let's not think about it for now. The most important thing now is to acquire the assets of Universal Entertainment."
After clearing away unnecessary thoughts, I was just about to continue working when my phone rang again.
I took it out and looked at it, and quickly picked it up.
“At this time, it’s almost early morning over there, why haven’t you rested yet?”
“I also want to rest, but you are making such a big noise in the United States, how can I rest? Okay." Jiang Xiaoyang said.
“You know?”
“How could you not know? The famous financial Caesar Xu Liang is going to hold a fund-raising reception, and the upper class in the world will pay attention as long as they get the news.
I've been getting calls, how can I not pay attention? "
"If you make such a big noise in the United States, the funds raised will only be more. How much do you plan to ultimately raise from the two funds? ”
“Of course. I wouldn’t have raised so much money if I wasn’t sure. "Xu Liang said with a smile.
Hedge funds are generally not very large in scale, and the largest one, Bridgewater, is only about 120 billion US dollars.
He still has a lot of things to do here. , how can I have time to indulge myself?
"Well, since you don't want to, forget it."
Tens of trillions of dollars are rolling around inside, including high-quality bonds and junk bonds.
The amount of funds raised has far exceeded her original expectations.
“I am holding this meeting in the West to pave the way for Hongmeng to acquire Universal Entertainment assets. In the East, I don’t have many projects.”
But Bridgewater has been through decades of Accumulation has gradually expanded to this scale.
He wants any bonds related to real estate.
Of course Xu Liang doesn’t want to.
"You reply to them, and I leave them a share."
The current Pacific Fund obviously does not have the foundation of Bridgewater.
Bonds.
Although US$60 billion is a lot, it only makes it into the top ten global private equity funds. The funds managed by Blackstone and CapitaLand are already nearly 100 billion.
After three years are over, the book value of these bonds will definitely rise. As long as they rise by 10%, Xu Liang's income will exceed 40% after adding leverage.
Otherwise, just investing such a large amount of money would be a head-scratching thing.
Jiang Xiaoyang did not force him. Now Hanhua has the qualifications to say NO to 99.99% of the people in the world.
“Is it too big? Are you sure you can invest such a large amount of funds?”
Qinglong Fund is a private equity company.
Holding a cocktail party is very simple, but dealing with various interest groups and carefully balancing all parties is an extremely energy-consuming task.
“You really don’t want to do it?”
“Who is so bold?”
“Has someone begged you for help?”
This is a huge market worth up to two trillion U.S. dollars. If you include the highly related industries of finance, insurance, steel, cement, wood processing, decoration, etc., the market will exceed ten trillion U.S. dollars.
“Yeah.”
“Back then I held a fund-raising reception for the Pacific Fund in Hong Kong, but I didn’t favor one over the other.”
“You have your reasons. But if you don’t do it, people will say that you favor foreigners and look down on your own compatriots. Do you want to get such a bad reputation? "
Jiang Xiaoyang said seriously.
Faced with such an astonishing market, Xu Liang's idea is simple.
The reason why he can control tens of billions of funds is entirely due to Xu Liang’s foresight.
Pacific Fund is a hedge fund.
2004 is about to enter.
American real estate has entered the eve of an outbreak.
The U.S. bond market is several times larger than the stock market.
After responding, Jiang Xiaoyang continued: "They hope you will also hold a fund-raising meeting in the East."
"Some of our old customers, especially Xiangjiang, Singapore, Rich Chinese people in Thailand and other places are actively asking. "
"Pacific Fund raised US$30 billion and Qinglong Fund raised US$60 billion."
Private equity is different from hedge funds. Funds under management are generally larger.
"No. Now Hanhua's reputation no longer requires me to personally raise funds, unless there is a special purpose." Xu Liang said directly.
Xu Liang is thinking about buying real estate ABS and CDO bonds issued by financial companies, corporate bonds issued by affiliated companies, and even junk bonds issued by unlisted real estate companies.
However, judging from the fact that U.S. real estate has doubled in three years, bonds will definitely not only rise by 10%.
One hundred percent impossible, but the possibility of 20% or even 30% is still very high.
So, Xu Liang has a lot of room for arbitrage.
As for whether Xu Liang will be cheated after his investment intentions are exposed.
The probability is low.
After all, the rise in real estate prices in the United States is the result of more than three years of hard work by George W. Bush and the Republican Party behind him.
This is not the result of one person or one company, but the contribution of an entire team.
No one person, or a few people, can change the policy direction of the entire country.
Xu Liang’s investment is not for one company, but for hundreds or even thousands of companies.
To use a more fashionable saying in later generations, he invested in the fundamentals of the American real estate industry.
As for private equity, this is easier to operate than hedge funds.
With the rapid development of China, the revenue of global energy and mining companies has skyrocketed.
Of course, the fastest growing industry is the technology industry, especially the Internet industry. Plus the U.S. real estate industry, and the financial industry associated with it.
It is not difficult to invest all 60 billion US dollars.
Moreover, if there is not enough fundraising, it will not be able to accommodate the influx of funds, let alone attract enough connections.
Xu Liang’s confident words made Jiang Xiaoyang feel more at ease.
From the first meeting to the present, she has witnessed Xu Liang making the impossible possible, always challenging the limits that ordinary people would think of, but always succeeding in the end.
With a record of complete victory, there is no need for too much doubt.
"As long as you have confidence. But how much quota do you plan to set aside for Asia?"
"My idea is that the United States accounts for 50%, Asia accounts for 30%, and Europe accounts for 20%. "
"So many in the United States?"
"No way, who can we ask for help now?"
"Okay."
"Also, prepare yourself. We will also set up a (Huaxia Coin) private equity fund in China next year."
"You finally plan to enter the domestic market ”
“Well, it’s time.”
The bull market is coming, of course Xu Liang must be prepared.
"How much is the amount to raise?"
"There is no limit, as much as you can raise."
China's current financial market is very imperfect, and the investment habits of Chinese people are also very immature. Unless If you offer an outrageous return on investment like Delong did, it would be difficult to raise a large amount of funds.
Of course, now Hanhua may be able to raise a lot of money because of many years of successful cases.
But Xu Liang is not confident about how much he can get.
"So confident?"
"Of course, you don't want to know who your husband is?"
"I don't know who my husband is either?"
Resentful The tone made Xu Liang feel like he shot himself in the foot.
But he is the old Poseidon, his face is not red, his heart is not beating, and he changes the topic quickly and naturally.
"Is the liquidation of Qinglong No. 1 Fund over?"
"It's almost over. It will be over in three days at most."
"Do you have approximate profit data?"
< br>"I knew you would ask, I have already sent it to your mailbox, you can read it yourself later."
Xu Liang responded, chatted with Jiang Xiaoyang for a while and then hung up the phone.
Opening the computer mailbox, I quickly found the data overview of Qinglong No. 1 Fund’s revenue.
Qinglong No. 1 Fund and Pacific No. 1 Fund raised funds almost at the same time. After the two-year blockade period ended, they were also unblocked almost at the same time.
But the Fundamentally Pacific No. 1 Fund is different.
The assets of Qinglong No. 1 Fund were not all sold off, but were evaluated based on the stock prices of seven companies. When the new Qinglong Fund is raised, all assets will be sold to the new fund.
The left hand is the right hand.
Of course, this kind of reselling is not only determined by Hanhua Company itself, but also by the supervision and acceptance of third-party organizations.
The big five accounting firms that Hanhua often cooperates with are PricewaterhouseCoopers, KPMG, Ernst & Young and Deloitte. After Arthur Andersen collapsed, there were only four accounting firms left.
Hanhua’s partner is KPMG.
Various data are clearly written on this internal estimation document of Hanhua.
It took two years.
Seven companies invested by Qinglong No.1.
Nvidia, Blackberry, eBay, Yahoo, Qualcomm, Oracle and Intel.
BlackBerry had the largest increase, more than quadrupling in two years, followed by Nvidia, eBay and Yahoo again, and finally Qualcomm, Oracle and Intel.
But Qualcomm, Oracle and Intel have the largest investments.
The reason is also very simple. When you first invest, the market value is large and you need more funds.
Taken together, Qinglong No. 1 Fund has increased by 257% in two years.
But Qinglong No. 1 Fund only used five times leverage, so the revenue efficiency must be multiplied by five.
Looking at the numbers on the paper, Xu Liang felt relieved.
As long as he releases this, plus his previous successful investment cases, let alone US$60 billion.
I guess it will be no problem to double it.
After finishing the processing, he closed the computer and Xu Liang let out a long sigh.
Leaning softly on the back of the sofa, he gently pressed his temples with two fingers to relax his tense nerves.
After a while, he opened his eyes and looked at the empty table next to him.
He was thirsty and wanted someone to bring him a cup of tea or coffee at this time.
“Maybe I should find a life secretary.”
In order to avoid suspicion, Lu Hui left after six o'clock in the evening.
Thinking of the women around him, apart from those who are pregnant, those who have their own careers, and those who are still studying, it seems that the only one who is most suitable to be by his side is Fukuda Xinmei.
Her soft and pretty face, gentle personality, and scenes of the two getting along appeared in my mind unconsciously.
"Just her, we will change to someone else later."
Thinking of this, Xu Liang took out his cell phone and called Fukuda Xinmei.
(End of this chapter)