Chapter 603 Kirin China Fund
The funds managed by the entire Qinglong Private Equity Fund exceeded US$83 billion, making it the largest fund under Hanhua.
If you include Xuanwu Asia Fund, Suzaku Euro Fund and White Tiger America Fund, Hanhua Private Equity Fund has more than 100 billion US dollars in funds under management, surpassing Carlyle and becoming the world's largest private equity fund.
“One more thing, the scale of Qinglong Fund No. 3 is too big. I plan to split it up and establish a new Fund No. 9.
In the future, Fund No. 3 will invest in the U.S. securities market. 'Chinese concept stocks', No. 9 Fund invests in red chip stocks in Hong Kong
In addition, you should discuss with various investors to extend the investment period of Fund 3 and unify it with the newly established sub-funds.
When Fund No. 2 expires in June this year, the unblocking date of the new fund will be unified with the sub-funds of Qinglong Fund.
This makes it easier for me to manage. "
"I understand, do you have any other requirements? "
"No more. ...By the way, how much money has been raised in China now? ”
"31.9 billion Chinese coins."
"Already that much?"
"How much? Not even 5 billion US dollars."
Compared to tens of billions abroad. U.S. dollars, or even hundreds of billions of U.S. dollars in fundraising, the domestic money is indeed much less.
“It’s not as good as abroad at home, but it’s pretty good to have raised so much money at this stage.” Xu Liangdao.
"I know, but I want to wait a little longer and try to raise 50 billion Huaxia coins."
"Are you sure?"
"You are still sure, the country is so big , at most let the people below hold two more fund-raising receptions across the country. With the net income ceiling set by your boss Xu in the global hedge fund and private equity industry, coupled with the current lack of reliable investment channels in China, the amount raised 50 billion is difficult, but it is not hopeless.”
“As long as you have confidence.”
“I am confident in raising funds, but you still have to worry about the investment direction.”
"Don't worry, I've thought about it a long time ago.
The domestic private equity fund is named after 'Kilin Fund' and has three funds.
Fund No. 1, with an amount of 20 billion Chinese dollars, is Invest mainly in leading real estate companies. When the time comes, I will give you a list, and you can invest according to it.
Fund No. 2, 10 billion Huaxia coins, mainly invests in the pharmaceutical industry.
Fund No. 3, 10 billion Huaxia coins, invests in the automobile industry
Fund No. 4, 10 billion Chinese dollars, invests in the daily chemical industry.
I will send you a directory of specific investment companies in all industries within half a month at the latest. Let people from Kirin Fund invest immediately after getting the catalog. If the companies in the catalog are not listed, let Mars VC or Jupiter PE funds invest according to the level of development. ”
At this point, the layout of Hanhua’s private equity department has been basically completed.
The entire department has five major fund of funds.
That is, Qinglong Global Investment Fund, Xuanwu Asia Investment Fund, Zhuque Euro Investment Fund, White Tiger America Investment Fund and Qilin China Investment Fund
Qinglong Fund has nine sub-funds with a management capital of US$83 billion.
Xuanwu Asia Investment Fund has three sub-funds: Singapore Fund, Japanese Fund, and South Korean Fund. It is also planning to establish an Australian Fund and an Indonesian Fund.
Originally, the company also planned to establish an Indian fund, but Xu Liang vetoed it.
He was afraid that if he didn’t make any money then he would end up with cow shit.
The three sub-funds in Singapore, Japan and South Korea, except Japan, all raised US$1 billion.
Total assets under management are US$5 billion.
Suzaku Euro Fund currently has only one fund, No. 1, established in London, managing 550 million pounds.
White Tiger America Fund also has only one fund with US$200 million under management.
The next main development direction of Hanhua is to develop the two funds of Zhuque and Baihu, and at the same time complete the layout of the two funds of Xuanwu and Qilin.
Become a truly global investment network.
Hedge funds and private equity are currently the two best-developed sectors of Hanhua.
The real ace.
"Xiaoyang, please make it clear. Except for Qinglong and Qilin, I don't care about the other funds. You can find the person in charge of the fund yourself."
Xu Liang said directly.
Hanhua is getting bigger and bigger and manages more and more assets. It is impossible for him to cover everything. At most, like the previous South Korean funds, a rough investment direction is drawn up.
However, this kind of investment lacks refinement and is destined to be unable to create excess returns.
What’s more important is that his investment strategies all come from the memories of the previous life, and this kind of thing will only become less and less.
So, using these funds to cultivate talents quickly is the key.
Only when talents are cultivated can Hanhua truly become a large enterprise with a century-old heritage like Morgan Stanley and Goldman Sachs.
“You think I don’t want qualified fund management talents? But there are too few investment elites in the world who can manage more than 1 billion US dollars.
Basically, they are attracted by those big companies.
We at Hanhua have only been able to recruit some top talents in the past two years.
Moreover, Hanhua was established too soon and developed too fast.
The people I recruited cannot support the development of the company at all.
So, I can only give in to you, the big boss, and do both.
Besides, you hold more than 90% of the shares in Hanhuali, and I have been working for you. I don’t even complain about being tired, but you, the big boss, just complain about being tired. Is that ridiculous? "
"Okay, okay, I'll just complain, and you have ten more waiting for me. "
Xu Liang surrendered.
When you reason with a woman, you lose regardless of whether you win or lose.
"I am presenting facts and being reasonable, not messing around. "After a pause, "By the way, you can come back as soon as you finish your work in South Korea. I have carefully prepared a gift, and I will ensure that you will be satisfied when the time comes. ”
"Gift? What gift?" Xu Liang became interested.
"You'll know when you get back. ...Okay, I'll hang up now. Hanhua Capital's 2003 financial report hasn't been released yet."
Crack.
The phone hangs up.
Xu Liang listened to the blind tone, shook his head slightly and put away his phone.
Go to your desk, pick up a pen and paper and start writing while recalling. There are more and more famous company names in my memory on the manuscript paper.
Xu Liang stopped when the sky darkened outside.
Looking at the time, it was already five o'clock in the afternoon.
The pattern of winter is that the days are short and the nights are long, and it will almost get dark at 5pm.
Xu Liang pressed the call button on the phone on the table.
"Lu Hui?"
"Mr. Xu, what are your orders?"
"Go find Mingzhen, it's time to get off work."
" Okay.”
Six or seven minutes later, Sun Mingzhen hurried in.
"Oppa, let's go."
Xu Liang nodded and went up to him, and Sun Mingzhen naturally took his left arm.
“How do you feel about your first day at work?”
“Not bad. It’s a new challenge for me, but I like it.”
"That's good. However, Hynix's affairs are complicated and won't end in a short time. Don't forget your family because of work."
"Well, Oppa, don't worry."
Seeing her promise but still interested in her eyes, Xu Liang couldn't help but shook his head.
For the ambitious Sun Mingzhen, Hynix is the thing that interests her the most. If she hadn’t called her, she would have stayed here at night and worked overtime.
“Fortunately, I still have Yizhen at home, so I don’t have to worry about the two children having no one to take care of them.” Xu Liang said.
Icheon City is about an hour's drive from Seoul.
It used to take so long to go back to Yongsan Villa in Hannam-dong from Hongmeng South Korea headquarters, but now that the work location has been changed to Hynix, it is closer.
Longshan Villa is in the south and Hynix is in the north of Lichuan.
Go directly to the expressway when commuting to get off work, without having to pass through urban areas with a large flow of people.
So basically you can get home in about half an hour.
After dinner, Xu Liang played with the children for a while, put them to sleep, and then enjoyed the cosplay temptation of the two sisters.
Time passed day by day. Xu Liang spent half a day playing with the two little guys, half a day dealing with various company matters, and at night enjoying the gentleness and charm of the two sisters.
Seven days will pass in the blink of an eye.
Stacks of documents were placed in front of Xu Liang.
"Mr. Xu, there are a total of 37 senior executives of Hynix, plus 13 members of the creditors committee, a total of 50 reports are here." Lu Huidao.
Xu Liang nodded, "You go ahead and do your work. I'll call you if I need anything."
"Okay."
Looking at the thick pile of documents on the table.
“I hope there is a good recipe in it that can really help Hynix get out of the quagmire.”
Picked up the first copy and read it.
The further he looked back, the tighter his frown became, and he put it aside before reading it.
“There is a lot of data listed, but the method is still the same old way of raising funds.”
Look at the second one.
The style is similar, but after presenting the facts and reasoning, I want him to invest.
"This is because of the money in my pocket. Haha, I can solve the problem by investing money. What do I want you to do?"
Read one by one.
Most of them have no constructive suggestions, but occasionally one can attract his attention.
Simple points.
In the future, these people who can come up with practical suggestions will be the focus of attention.
Of course, those who have been eliminated have not given up. After all, some high-end technical talents are really not good at management.
"Hey, this is good!"
Towards the end, Xu Liang finally saw a relatively exciting Hynix improvement proposal.
After reading it, Xu Liang felt even more good.
After reading it several times from beginning to end, I put it down, stood up, and walked around the study a few times, with a certain look on my face.
"Lu Hui?"
"Mr. Xu?"
"Make an appointment for me with Professor Yu Yiji. I will meet him at Hynix's office tomorrow."
"What time is the appointment?"
< br>“9:30 or 10 o’clock in the morning is fine. You can ask the other party’s opinion.”
“Okay.”
Not long after, Lu Hui opened the door again and walked in.
"Mr. Xu, we have an appointment at 9:30 tomorrow morning."
"Well, go and do your work."
Lu Hui did not leave, "Mr. Xu Mr. Li of Hanhua South Korea Fund plans to hold a fund-raising party at the Shilla Hotel in three days. Will you go?"
"If you don't want to go, let him be responsible."
He has laid a solid foundation for Hanhua through two funds, Qinglong and Pacific.
Without his intervention, various sub-funds and parent funds can raise enough money, so he is too lazy to waste time getting involved.
(End of this chapter)