My Age of Investment

Everyone in Chen Hong disappeared, Xia Jingxing also looked away, glanced at Hei Changzhi, and greeted with a smile, "Miss Li, sit down as you please."

Li Ying nodded slightly, put down the big black handbag in her hand, straightened her long skirt with her hands, and sat down sideways, with her legs together and slanted to one side, her back straightened, and her sitting posture was very dignified.

"Tea or coffee?"

"Cafe!"

Li Ying glanced at Xia Jingxing, answered, and quickly looked away.

Xia Jingxing said hello, and asked the waiter waiting at the side to make a cup of coffee and bring it up on a tray.

After putting the coffee on the coffee table in front of Li Ying, the waiter left the room and gently closed the door.

There was no one else in the room except the two of them, and it became very quiet.

Xia Jingxing glanced at Li Ying who was sipping coffee, and said slowly, "Miss Li, I wonder if Brother Chen Hong has told you about the Bailu Fund."

"Yesterday, Mr. Chen first contacted Mr. Wu Ying, and then Mr. Wu Ying came to me again. He briefly explained the matters related to the Bailu Fund and understood part of it, but it was not particularly detailed."

Xia Jingxing nodded, "Okay, then you can briefly introduce yourself first."

Li Ying nodded, took the oversized handbag next to her, rustled through it, found a resume, and handed it to Xia Jingxing with both hands.

Xia Jingxing also did not expect that the other party actually brought a resume.

Several fund managers interviewed in the past few days either sent their resumes in advance, or did not bring them at all.

But it doesn't matter, more thorough background checks will be arranged before employment.

When Xia Jingxing was flipping through the resume, Li Ying also introduced herself, her voice was crisp and her Mandarin was very standard.

"I was born in 1980 in Meizhou, Guangdong, the Hakka capital of the world. I grew up in Pengcheng. When I was 13 years old, I followed my parents to the United States, and then I skipped the first grade of junior high school..."

In fact, Xia Jingxing recognized him the first time they met. He was the managing director of Yunfeng Fund in his previous life, and he was quite famous.

Yunfeng Fund,

Taking the names of Ma Yun and Juzhong Media Yu Feng each, they are the main investors. Jiangnan Club and a group of Zhejiang business owners also made small investments.

Ma Yun only contributed money and hid behind the scenes. He pledged Ali’s equity into cash, and then invested by Yunfeng Fund, which became the holding of leading companies in various industries. The family’s assets became diversified and risk-resistant. stronger.

Xia Jingxing and Bill Gates also did the same.

"You got three degrees in three years at MIT?"

After the other party finished his brief self-introduction, Xia Jingxing started to ask questions.

Li Ying gently brushed the hair covering her cheeks behind her ears. Recalling her school years, her eyes shone with a bright light of a master student, "Yes, those three years were hard work, but they were also very fulfilling. Is there a problem?"

Xia Jingxing felt the pretense of being a self-taught master, smiled and shook his head, "No problem, I just think it's unusual for someone who can obtain three degrees within three years.

The management of time and the self-discipline of behavior and habits have all met a kind of...high standard requirements that are different from ordinary people. "

Li Ying smiled, "Actually, it's not that exaggerated, getting up one hour earlier and going to bed one hour later every day, that's two hours.

Another example, when you boys are playing basketball, I go to the library to read.

Summer school, weekends, and school holidays, if these time are used, then there will be more time.

There is a classic saying in our MIT, you can only choose two things: study, sleep, and social circle. "

"Don't you need to rest in the middle?"

Li Ying lowered her head and smiled, "There are also breaks, but very few, because when you devote yourself to one thing, you won't be so tired or tired."

"I think McKinsey appreciates your talent!"

Li Ying didn't want to speak ill of her old company, but she also helped him explain with a smile: "Actually, the work intensity of McKinsey is not as exaggerated as imagined, but I find it very interesting, even more interesting than reading.

When there are live business cases in front of you, it is more colorful than what you have learned in books. "

Xia Jingxing didn't know whether the other party's words were true or not, but associating with his study and work experience, he couldn't help but choose to believe it.

"I see that you wrote in your resume that you joined Ikanos (Ikanos) as the marketing and marketing director, and at the same time represented the company as the deputy editor-in-chief of IEEE 802.3ah.

Convinced China's top three telecom equipment manufacturers to adopt Icanos' VDSL broadband products, signed an exclusive cooperation agreement with Taiwan's top four ODM foundries, and helped Icanos to be listed on NASDAQ.

Can you tell me more about this part? "

Li Ying sorted out her language a bit, and began to tell Xia Jingxing about her role in this work.

Time passed unknowingly. After Xia Jingxing asked the other party about his work experience, he was generally satisfied.

"Bailu Fund's size is 500 million US dollars, all of which are invested in the Chinese market. If you are at the helm, can you briefly tell me about your arrangement or investment strategy?"

Looking at the girl in front of him who was only four years older than him, Xia Jingxing was always a little worried.

From the perspective of education and experience, it is really impossible to find too many faults.

But after all, too young, experience is a big problem.

But give young people a chance!

Besides, he's a young man too...well, old boy!

Li Ying's eyes lit up when she heard that it was really worth 500 million US dollars, her waist straightened, and her aura instantly became sharp.

She took back the ease of the conversation just now, suppressed her smile, and asked with a straight face: "Does this fund have restrictions on majority equity investment and leveraged buyouts?"

"No limit!" Xia Jingxing shook his head.

"If that's the case, I suggest a leveraged buyout."

This answer surprised Xia Jingxing. He leaned on the sofa and spread his hands casually, "What's the reason?"

"First of all, $500 million is neither too much nor too little.

Compared with established institutions such as Carlyle and KKR, a fund of US$500 million may be only a fraction of their fund. "

After all, Li Ying secretly took a look at Xia Jingxing.

Xia Jingxing was not so stingy, and there was no displeasure on his face, because this was the truth.

"Go on!"

"Well, 500 million dollars is not too much in the US market, but it is not too small in the domestic market.

To invest in Internet and technology start-ups, I guess the Jingzhe Fund should be enough.

In fact, even if it is the C and D rounds of financing in China, it is only tens of millions of dollars.

Of course, Ari is an exception, and there is only one Ari in the whole country.

A fund of 500 million US dollars, no more, no less, is just right for one or two domestic companies with good business performance.

For example, privatization and delisting, use it for reformation, re-empowerment, packaging and listing again, or splitting and selling, while reaping good returns, it can also establish the reputation of Vision Capital.

The current Vision Capital can only be called a big VC, but there is no classic PE investment that can be made, especially the case of M\u0026A investment.

Furthermore, with one or two mature cases, I believe that the PE fund of Vision Capital can also train a capable team.

Accumulation of talents is also an indispensable part of Envision Capital from immature to mature. "

"Unlike foreign countries, mergers and acquisitions are not easy to do."

Li Ying shook her head, "Mr. Xia, I don't agree with your opinion. It is because it is difficult to do and we dare not do it, so we should be the first to do it, so as to obtain the greatest benefits and intangible commercial value."

Xia Jingxing pondered for a while, then suddenly laughed, "You only have a few years of experience in business management, once you come up, you dare to choose the one with the highest degree of difficulty?"

"As long as you find the right target and use the right means, success is a high probability event."

Li Ying smiled slightly, "In finance, no one can guarantee 100% success.

To be China's Blackstone, we must first take this difficult but brave first step. "

"I didn't say I want to be China's Black Stone!"

Xia Jingxing didn't know where the other party found out about it, he didn't like being used as a benchmark.

"A full-chain investment platform, every link is essential."

Li Ying looked very confident, picked up the coffee on the coffee table, and gently stirred it with a spoon.

Looking at the stirred coffee, Xia Jingxing's heart was also disturbed.