Chapter 333 Private Equity Fund



Han Chudong had taken the lead before anyone else could react and successfully acquired the yacht and resort. However, the remaining assets are not so easy to get. They are all creditors, so don't expect anyone to give in easily.

So the lawyer's advice to Han Chudong was that it would be best to take a piece of the fat meat and then let go of the rest, so as to avoid getting nothing in the end.

If it was just the shares of this office building, they would be able to negotiate with other creditors on behalf of Han Chudong and get the assets in hand in the short term.

Davis House was on the verge of bankruptcy, so he resorted to a shady trick and walked away, leaving behind a mess.

The creditors all want to recover their losses, but no one is absolutely sure. In this situation, many things can be solved through discussion. If everyone can recover some of their losses, it is definitely better than not seeing a penny at all.

Excluding Han Chudong, Davis House's total debt amount is nearly 10 million US dollars, and its assets are only 7 or 8 million US dollars. This small building in New York alone accounts for more than half of its assets. To be honest, Han Chudong doesn't really believe that the lawyers can really get other creditors to give in.

Even though they were usually friendly, who would be willing to give in when it came to interests? Therefore, the idea of ​​buying a building only went through Han Chudong's mind and was quickly forgotten. Putting aside other things for now, just the thought of being bullied every time he saw this building in the future was unacceptable to him...

After briefly enjoying the night view of Manhattan, the helicopter landed on the roof of a building on Wall Street.

When he arrived at Mason Trust Fund, most of the employees had already left work, and only some management were still there. He didn't know whether they really had something to discuss with him, or simply wanted to show up in front of Han Chudong and make their presence felt.

Including the cleaning ladies and interns, the total number of employees in Mason Trust Fund is only more than 60 people. This group of people helps Han Chudong and other investors to manage more than 400 million US dollars in assets. Even on Wall Street, they are considered to be very powerful.

In fact, since there is no need to contact companies and wealthy businessmen to persuade them to invest money, the number of people can be further reduced. The reason for this is mainly because Han Chudong has already undertaken the most core task - selecting investment targets, and the rest of the people just do miscellaneous work, which is very easy.

An executive named John Pike said to him at this time: "The assets of those who initially invested in us have been there for a year. According to the rules, we should charge them a management fee of 1%. You see..."

"We should charge them according to what was written in the contract. We should follow the rules. It's not like we didn't help them make money. And we should increase it a little bit in the future, at least to 2%."

“I know this, and it will definitely be carried out in accordance with the contract. Although the 2% annual management fee is higher than the industry level, considering our performance and the waiver of subscription fees, I think the investors will agree.

Actually, I want to ask you, what about your assets? I mean the 100 million US dollars you invested through Mason United Group, some of which have been in use for a year. "

Hearing John Pike's words, Han Chudong said happily, "Also, we will reinvest the money in the name of the company. When all the figures are counted, let me know and I will give you bonuses based on the amount at the end of the year."

"Okay, boss. Let me first take a look at the assets in the account you opened?"

"Give it to me."

Gradually, Han Chudong invested a total of 100 million US dollars in this private equity fund company. While helping others make money, he also wanted to make some money using the bank's money.

Everyone gets rich together, and such profits are not likely to attract attention. There is no need to disclose the account assets to the public. Taking into account the income brought by Mason Private Equity Fund itself through management fees, it is a relatively good business overall.

One hundred million U.S. dollars have been invested in batches, and the total assets in the account opened in the name of Mason United Group currently amount to more than one hundred and twenty-seven million U.S. dollars.

How much money was spent on which stock, the specific profit and loss data, etc. are all listed in the table, making it clear at a glance.

After calculating based on the 1.2% management fee, there is a shortfall of more than 600,000 US dollars. Compared with the huge amount of assets, this amount of money is not at all noteworthy.

Private equity business, as long as it is done well, will make more and more money in the future. Extracting one point from 400 million US dollars is nothing more than 4 million US dollars. However, what if it is 4 billion US dollars, or even 40 billion US dollars?

Han Chudong has plenty of patience when just starting out.

On the premise that the performance is good enough, it will definitely attract more funds to be injected. Therefore, he has the courage to prepare to raise 200 million US dollars in one go. After that money is invested, he will continue to raise more funds. In disguise, it is also a fixed investment model that can avoid risks.

Considering that most of the funds were borrowed from banks and the interest was less than half of the profit, Han Chudong had undoubtedly made a lot of money through this business. More importantly, he also gained connections and fame.

We borrowed an office and randomly selected more than ten accounts for spot checks. The company did not purchase enterprise-level personal computers. The information was recorded in folders and backed up and updated regularly.

After discovering that the data in each account was relatively good, Han Chudong felt more relieved and told others that he was going to arrange a comprehensive financial review, and would conduct random checks at irregular intervals in the future, and the number of checks might be very frequent.

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Although he told the executives not to think too much about it, he was actually giving them a warning.

He was not worried that someone would dare to take the risk to change his investment project, but he had to worry about someone colluding with the finance department to embezzle the funds he managed. In the past, he had developed blindly, which left many problems behind. Now Han Chudong was very concerned about risk control. All the companies under his control were checking for deficiencies and filling them up. A risk control investigation team was also set up at the headquarters of Mason United Group.

There was nothing to say. After signing several documents, Han Chudong no longer delayed the employees' get off work time and left to attend a party held in a cigar salon.

After deciding to come to New York, Han Chudong asked his assistant Arthur to make an appointment with several famous businessmen from Wall Street before leaving Los Angeles. In fact, he was the organizer of the party, but he arrived fifteen minutes late.

As a super-rich man from the West Coast, Han Chudong, a newcomer from another country, is qualified to be respected. Those present included the current chairman of the Nasdaq Stock Exchange, the senior vice president of Citigroup Investment Bank, the chief financial officer of Morgan Stanley, etc. The youngest one was 20 years older than Han Chudong.

Fortunately, seniority is not a popular system in the United States, and when he arrived and apologized, everyone's eyes were focused on Han Chudong, and they all felt convinced.

You know, this young Chinese guy is now the richest man in the United States and the world, and he has only been doing business for more than a year...


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