Chapter 332 Private Equity Funds
A group of people are vying for Davis House's assets, and if the lawsuit is decided, it is estimated that it will be difficult to end in a few years.
Before, Han Chudong took the lead, taking advantage of the fact that no one else reacted, and successfully won the yacht and resort, and the remaining assets were not so easy to get, they were all creditors, don't expect anyone to give in easily.
Therefore, the lawyer's advice to Han Chudong is that it is best to gnaw off a piece of fat and leave the rest alone, lest you get nothing from your head.
If it is only a stake in this office building, they are sure to negotiate on behalf of Han Chudong and other creditors and get the assets in their hands in a short period of time.
Davis House, who was on the verge of bankruptcy, made a slap on the ass and walked away, leaving a mess behind.
Creditors want to recover their losses, but no one is absolutely sure, in this situation, many things can be negotiated to solve, if everyone recovers some losses, it is definitely better than not seeing a dime.
At present, not counting Han Chudong's side, Davis House's overall debt is as high as nearly 10 million US dollars, and the assets are only 7 or 8 million US dollars, and this small building in New York alone accounts for more than half of the assets.
Don't look at the usual peace, who can be willing to give in when it comes to interests?
Therefore, the idea of buying a house just turned around in Han Chudong's head, and he was quickly left behind, not to mention anything else for the time being, just thinking that he would be angry every time he saw this building in the future, it already made him unacceptable......
After a short night view of Manhattan, the helicopter landed on the roof of a building on Wall Street.
When I came to Mason Trust, most of the employees had already left work, and only some management was still guarding, and I didn't know whether I really had something to discuss with him, or if I just wanted to show my face in front of Han Chudong and find a sense of existence.
Including where the sweeping aunt and the interns are, the total number of employees of the Mason Trust Fund is only more than 60 people, and this group of people helps Han Chudong and other investors manage more than 400 million US dollars in assets, even on Wall Street, they are considered very powerful.
In fact, since there is no need to contact enterprises and wealthy businessmen to persuade them to take money to invest, the number of people can be further streamlined, and the reason for this is mainly because Han Chudong has already undertaken the most core task - to choose investment targets, and the rest of the people are just doing odd jobs, which is very easy.
An executive named John Peck said to him, "The people who first invested in us have been in the bank for a year, and according to the rules, we should charge them a management fee of one percent, you see......"
"At that time, how to write in the contract, then how to collect money, according to the rules, it is not that they did not earn money, and it will be slightly higher in the future, at least to the level of two percent. ”
"I know this, and I will definitely do it in accordance with the contract, although the annual management fee of 2% is higher than the industry level, considering our performance, and the subscription fee is waived, I think the investor will agree."
Actually, I'm asking you, what about your assets? I mean the $100 million you invested through Mason Associates, some of which are already a year old. ”
Hearing John Peck's words, Han Chudong said happily: "Accept it too, reinvest the recovered money in the name of the company, and notify me when all the numbers are counted, and I will give you a bonus at the end of the year according to the amount." ”
"Okay boss, let's take a look at the assets of the account you opened first?"
"Give it to me. ”
One after another, Han Chudong invested a total of 100 million US dollars in this private equity company, and while bringing others to make money, he also wanted to use the bank's money to make some money.
Everyone makes a fortune together, such profits are not easy to attract attention, and there is no need to disclose the account assets, counting the income brought by the Mason Private Equity Fund itself through the collection of management fees, it is a relatively good business on the whole.
$100 million has been invested in batches, and the total assets of the account currently opened in the name of Mason Associates Group are more than $136 million.
How much money to buy which stock, specific profit and loss data, etc., are all listed on the table, at a glance.
According to the management fee of 1.2 percent, it is less than 700,000 US dollars, which is not at all interesting compared to the huge number of assets.
As long as the private equity fund business is done well, the more money will be made in the future, and a point from the $400 million will be nothing more than $4 million, but what if it is $4 billion, or even $40 billion?
Just started, Han Chudong has patience.
Under the premise that the performance is good enough, he will definitely be able to attract more funds to inject in, so he has the courage to prepare to raise 200 million US dollars at one time in the future, and after the money is invested, he will continue to raise more funds, which is also a regular investment model that can avoid risks in disguise.
Considering that most of the funds are borrowed from banks, and the interest is only less than half of the profit, Han Chudong has undoubtedly earned a lot through this company, and more importantly, he has also gained connections and fame.
Borrowing an office, randomly selecting more than a dozen accounts for spot checks, the company did not buy enterprise-level personal computers, the information is recorded in folders, and regularly backed up and updated.
After finding that the data of each account was relatively good, Han Chudong was more relieved and told him that he was going to arrange a comprehensive financial review, and that he would conduct random inspections from time to time in the future, and the number of times might be very large.
The mouth said that these executives should not think about it, but in fact, there was no warning and reminder.
He is not worried that someone dares to take the risk to change his investment project, but he has to worry about who has joined the finances and embezzled the funds under his own management, and has developed with his head covered in the past, leaving many problems.
There was nothing to say, after signing a number of documents, Han Chudong no longer delayed the end of work for the employees, and ran to a party after leaving, holding a party in the cigar salon.
Deciding to come to New York, before leaving from Los Angeles, Han Chudong asked Arthur's assistant to help make an appointment with a number of famous Wall Street businessmen, who said that he was the initiator of the party, but he was fifteen minutes late to arrive.
As a super-rich man on the West Coast, Han Chudong is already qualified to be valued, including the current chairman of the Nasdaq exchange, the senior vice president of Citibank, the chief financial officer of Morgan Stanley, etc., and the youngest one is 20 years older than Han Chudong.
Fortunately, ranking according to seniority is not popular in the United States, and when he came to say sorry, everyone's eyes were focused on Han Chudong, and they all felt convinced.
You must know that this young Chinese guy is now the richest man in the United States and the richest man in the world, and he has only been in business for more than a year......