My Age of Investment

It's normal to have requests, and it's strange not to mention them!

Xia Jingxing didn't think there was a problem, so he raised his hand, "Please tell me!"

Seeing Xia Jingxing being so straightforward, Zhao Jun didn't know how to say something.

But he is not a fledgling rookie. He has been in the financial circle for so many years, and he is not thin-skinned.

Talking about interests is normal, and the Chinese are moderate, not as straightforward as foreigners.

After thinking about it, Zhao Jun slowly said, "I don't have any requirements for project dividends, just 20%*20% which is common in the industry."

Xia Jingxing nodded and agreed, which is about 4% of the fund's overall profit share.

Because when some funds are liquidated, they will require the profit part to deduct management fees first, as well as deduct 6%, 8% and other guaranteed income. The remaining money is called excess income, and GP and LP take 28% of it.

The part allocated to GP investment management institutions will also be divided into fund managers and teams, and then divided into eighty-two, seventy-three, and sixty-four.

In the end, the dividends paid to the fund managers are usually lower than the figure of 4%.

For example: 1 billion RMB asset management scale, 10-year fund duration, 2% annual management fee, 6% guaranteed annual rate of return, and 10 billion RMB when the fund is liquidated ten years later.

It doesn't mean that 10 billion minus 1 billion in principal, the remaining 9 billion will be distributed to everyone.

Instead, it is based on priority: regardless of the fund's profit or loss, first deduct 200 million management fees, then return the investor's 1 billion principal, and then deduct 600 million guaranteed income, and finally leave 8.4 billion. GP takes 20%, which is 1.68 billion, and LP takes it 80% or 6.72 billion.

Fund managers and teams will take 20% of the 1.68 billion, or 336 million.

336 million, divided by the book profit of 9 billion, the figure is equal to 3.73%, less than 4%.

This data is not bad, because the book return is high enough, nearly 10 times.

However, for those with low book returns, the data is appalling. After deducting the management fee, refunding the principal and issuing guaranteed income, it may be found to be a negative number...

That is, the guaranteed rate of return has not been reached.

I'm sorry, if there is no dividend, it depends on whether the management fee can support the company.

Management fees, regardless of whether the fund loses money or makes money, are charged every year.

Powerful investment institutions are directly exempted from management fees and live entirely on dividends. This is full confidence in their strength.

Seeing that Xia Jingxing nodded and accepted his request, Zhao Jun said again: "Actually, I don't have too many requirements for remuneration. Compared with these, I value the investment platform of Vision Capital more!"

Xia Jingxing laughed softly, this is the brand effect.

It has been half a year since he returned to China, and Vision Capital has initially established its reputation.

Although there are some clowns who slander Envision Capital, saying that the investment is unorganized and bid up the price of the bid.

But truly insightful people can see the energy of Envision Capital.

Some dick entrepreneurs and the general public don't have such a vision, that's why Xia Jingxing values ​​reputation so much and tries his best to maintain his reputation.

"In addition, there is another thing, I have to tell you, Mr. Xia, that I have always had the idea of ​​starting a business."

Xia Jingxing was a little surprised. He couldn't remember when Danshuiquan was founded, but the other party already had the idea of ​​starting a business, which meant that it should have been established in the last year or two.

Zhao Jun wasn't afraid to annoy Xia Jingxing and lead to the failure of joining. After all, talented people will never be short of food wherever they go.

He continued: "But my entrepreneurial idea is just a prototype, and I haven't formed a complete plan, let alone take action.

The reason why I want to start a business is that I have been a professional manager for too long, and I want to try to be my own boss. "

Zhao Jun smiled, he knew that it was useless to play sloppy with a smart person like Xia Jingxing, a business boss, it would be better to have a showdown, maybe he could achieve his goal.

Xia Jingxing's face was calm and calm, but he felt a little bad in his heart. Once a person doesn't want to work, unless he encounters failure, ten cows will not be able to pull back.

He wasn't sure whether Zhao Jun wanted to use this as a bargaining chip to negotiate conditions, or to reveal his true feelings.

But no matter which one, he can't show too obvious tendencies at the moment.

I have been in business for a long time, and under the environment of long-term intrigue, every successful businessman is a movie king.

"Then you tell me what... mean?"

Xia Jingxing still had a calm smile on his face, and his tone could not tell whether he liked or disliked.

Zhao Jun waved his hand and said with a sincere face: "I have no other intentions, I just want to be honest with Mr. Xia. I always firmly believe that true feelings are exchanged for true hearts!

If Mr. Xia hires me, no matter how good or bad the fund operation is, I will definitely leave within three to five years to start my own fund.

At the same time, if the fund works well.

I hope to get your help from Mr. Xia when I set up the fund. "

Xia Jingxing smiled, "I appreciate your frankness, but you said that, which made me hesitate."

Zhao Jun asked, "What are you hesitating for?"

"Cultivate yourself a potential competitor?"

Zhao Jun shook his head like a rattle, and analyzed to Xia Jingxing: "As time goes by, there will only be more and more domestic private securities funds in the future.

At that time, although everyone is in the same industry, the competition will not be fierce and the point of the needle will be against the wheat.

On the contrary, I think the two sides can form an alliance and cooperate on many projects.

In addition, Vision Capital or Mr. Xia does not put your assets in one basket, which can also diversify some risks. "

Xia Jingxing now fully understands that the reason why the other party chooses to join Vision Capital right now is because of his experience in private equity fund investment, and the second is probably because he is playing with his own ideas.

In addition to entrepreneurs seeking alms from Envision Capital, many investment institutions can also seek alms from Envision Capital's fund of funds.

Gao Ling Capital is one of the vivid examples.

Xia Jingxing doesn't want to engage in too many vests and avatars at the moment. The waterfall investment of the Gates family has injected huge sums of money into dozens of external funds. In addition to diversifying risks, investing in value-added and maintaining value, there is also a layer of hidden family wealth.

He is currently far less rich than Gates, so he doesn't have so many troubles.

From the fact that most of the funds are his own money, it can be seen that he does not even want to raise external funds at this stage, let alone invest in external funds.

Xia Jingxing compared five fingers to Zhao Jun, "Five years, I will give you five years.

If you operate the fund to my satisfaction within these five years.

Five years later, I will invest up to 500 million in you!

The specific investment amount depends on your grades. "

Hearing this, Zhao Jun was relieved a lot, and his basic goal had been achieved.

The reason why he came to see Xia Jingxing was to tell him that he wanted to start a business.

The main purpose is to raise money!

As long as Xia Jingxing is willing to support him, starting a business is half the battle.

"That's fine, I have no other questions, I am willing to join Vision Capital."

After finishing speaking, Zhao Jun stood up with a smile, bowed slightly, and held out his hand to Xia Jingxing.

Seeing that Zhao Jun was finally persuaded, Xia Jingxing stood up with a smile, and grabbed his hand, "Welcome to the Vision Capital family!"

Just as he withdrew his hand, Xia Jingxing remembered something again, so he said, "In addition to managing funds, I also entrust you with a task."

"What mission?"

Zhao Jun frowned, and his heart, which had been let go, hung up again, for fear that Xia Jingxing would give him some difficult task.

As if guessing Zhao Jun's worries, Xia Jingxing shook his head and said with a smile, "It's not as difficult as you imagined, I just want you to bring an apprentice."

Zhao Jun guessed that Xia Jingxing was reserving talents, and when he left after five years, someone could just happen to replace him.

He also understands this very well. As a businessman, he pays attention to maximizing his interests.

"I'm not sure if the students I teach will meet or exceed my level.

Mr. Xia, you also invest, so you naturally know that this is an industry that pays attention to accumulation, vision and talent.

There are many things that can only be understood, but cannot be expressed in words. Pure teaching cannot teach investment masters. "

Xia Jingxing knew that the other party was "putting ugly words first", and said with a smile, "No problem, as long as you are willing to teach, how much you can learn is up to him.

In fact, you are right, in this line of work, both talent and experience are very important.

Even if you teach your apprentices, the apprentices may not be able to play investment well, and the master will not starve to death. "

Zhao Jun knew that Xia Jingxing had misunderstood him, so he waved his hands again and again, "Mr. Xia, I have no intention of keeping a hand. I will definitely pass on what I have learned without reservation. How much I can learn depends on the students' own abilities."

"Okay, then it's settled!"

Xia Jingxing made a final decision, he finally found a master for Deng Fenghua.

Dear, click to enter and give a good review. The higher the score, the faster the update. It is said that those who gave the new full score found a beautiful wife in the end! The new version of the mobile station upgrade address:, data and bookmarks are synchronized with the computer station, no ads Fresh reading!