(The third update, continue to ask for a monthly pass~)

The "rich classmate" Yan Ling was looking for was Allegro, a female classmate who drove a supercar to the airport to pick up Yan Yun in Florence.

This phone call also kicked off the whole thing of Allegro helping Yan Yun find a house.

Allegro's advice to Yan Ling is actually very simple - divide the money into three parts.

One-third of the money can be placed in a place like a private bank, which is relatively risk-free and can be used at any time.

A third of the money can be invested in the overseas insurance market, ensuring that any unexpected situation, such as bankruptcy, the death of the founder, or even extreme situations such as war in one's own country, will not affect the overall wealth of the family. (Note 1)

One-third of the money can go into private equity funds, which are relatively high-risk and also have high-yield long-term investments.

After Yan Ling graduated, he has been doing management consulting, and the introduction of the Succession Plan (succession plan) is also one of the contents of Yan Ling's work, so Yan Ling knows a lot of people who do high-end insurance.

But Yan Ling has never been involved in the private equity field, so he asked Allegro to recommend several suitable private equity funds to him.

Allegro said that her family's money in the United States had recently begun trying to become a Limted Partner for a new private equity fund, and that she would send him the information back.

A private equity fund usually has two types of partners, in addition to the restricted partner, and the general partner.

The simpler way for a general partner to understand it is the manager of the fund.

The general partner is responsible for the trading and management of the fund, and the main task is to help the fund make money.

In a private equity fund, it is more common for the restricted partner to contribute all or at least most of the funds, and then the general partner to operate it.

But it is a peculiar private placement for the Allegro family to become a restricted partner, and the general partner is also the largest contributor himself.

So, through his classmates, Yan Ling learned about a private equity fund that was being formed.

Because it involved the signing of a confidentiality agreement, Allegro mailed the relevant materials to Yan Ling.

Yan Ling received the relevant information of the fund when Yan Dingbang and his wife were going to Melbourne to attend Yan Yun's graduation ceremony.

After Yan Ling studied this fund, he felt that it should indeed be a good choice.

Yan Ling also saved having to send it again, and directly asked his parents to bring the relevant materials of this fund to Yan Yun when they went to Melbourne.

On December 15, 2011, Yan Yun met Thunderbolt in Melbourne.

On December 16, 2011, Yan Yun and Qi Yi "eloped" to go out to play, Qi Yi and Yan Yun talked about the changes that were about to take place in their work, and after Yan Yun listened, he expressed his unconsciousness and full support.

On December 17, 2011, Yan Yun discussed the "big things" at home with his parents, uncles and aunts in the living room on the first floor.

Yan Yun Laqi also listened, and Qi also listened to the content of the family's prepared conversation, and said that he would go upstairs to visit Yan Yun's "boudoir".

Qi also felt that if Yan Yun asked him a question, then of course he would be happy to answer, and in the current situation, he was not suitable to participate in such a discussion.

After Qi Yi went upstairs, Yan Yun got a large stack of private equity fund information from Yan Ling from his uncle and aunt.

Yan Yun knows very little about financial matters, and the only relatively limited knowledge is still taught by Qi Yi.

The information given by Yan Ling not only said a bunch of financial terms, but also a lot of legal clauses, Yan Yun instantly felt that one head became two big.

Yan Yun simply took the information to Qi Yi, who was unwilling to participate in Yan Yun's family meeting, and had already finished visiting the room and started watching TV in the living room on the second floor, who had been running a mine on Flower Street for a long time.

This kind of thing, Yan Yun does it by himself, and if he hands it over to Qi Yi, it will be something that can be done in minutes.

There is such a thing as strong labor not squeezing, which is definitely not Yan Yun's style.

Yan Yun's original intention of giving this stack of documents to Qi Yi was to let him pass the time, and by the way, to check whether the general partner of the private equity fund recommended by Yan Ling was really capable or in vain.

The information that Qi Yi, an industry insider, can find, must be more complete than Yan Ling, a cross-border person.

In this way, Qi also took over the information from Yan Yun to become a restricted partner of Ian Private Equity.

At first, Qi was also surprised by how Yan Yun knew which fund he was going to.

But Qi Yi quickly reacted to the two, and there are many materials he is looking at now, which he has not been exposed to by the future team members of the fund.

The information that Yan Yun gave him had nothing to do with his work, but with what the Yan family had just talked about.

Qi Yi actually knew that Yan Yun was the "eldest lady" for a long time, but Yan Yun had so much spare money in his family, and the fact of investing in Ian's private equity still surprised Qi Yi.

Not to mention that Ian's entry threshold of $10 million is a bit high, and the five-year lockdown period alone is enough to discourage most domestic investors.

Many of the best private equity funds operate in a black box, and if the number of investors is small, they do not need to be approved by the U.S. Securities and Exchange Commission, and they do not report and disclose information to regulators.

The investment strategy of this kind of private equity fund in the United States is highly secretive, and it is difficult to redeem its investment during the five-year closed period, regardless of whether the fund makes money or loses money.

These private equity funds are either not allowed to redeem directly during the closed period, or they have to notify the fund manager one and a half years in advance, and some even require three years in advance.

And if you redeem it early, you will lose a large part of the value.

If the Yan family wants to be a restricted partner of Ian's private equity fund, it means that the money used for investment will not be used within five years.

The five-year closed period cannot be redeemed, and the investment strategy of the fund cannot be interrogated. There is no such type of private placement in the innermost private placement. (Note 2)

Qi Yi quickly read the information, and most of the content was what he already knew.

In fact, Yan Yun should have asked him to sign a confidentiality agreement before showing it to him, but Yan Yun obviously didn't treat him as an outsider.

Yan Yun said that Yan Ling recommended this private placement, and his family was interested in investing, and asked Qi Yi if there would be any problems with this private placement.

Qi also has no reason to slander Ian's private equity, even he himself is very optimistic about this fund, otherwise, he would not have made up his mind to leave his job and follow Ian after returning to the United States this time.

With the joint recommendation of Yan Ling and Qi Yi, Yan Yun's recognition of this fund exploded instantly.

I read all the boring clauses seriously to show that I attach importance to this matter.

Mr. and Mrs. Yan Dabang have only one daughter, and there is no question of how to reasonably distribute the property, coupled with the extremely limited English proficiency of the two of them, they made Yan Yun a restricted partner of the fund before Ian's private placement stopped accepting new funds.

In fact, when the Yan family made the decision, Ian's private placement had already exceeded the "task" and had no intention of accepting new funds.

This matter, because of the relationship between Qi Yi and Ian, finally had a relatively satisfactory result.

But in this way, Qi Yi felt that if he still went to work in Ian's private equity, it would be a little tasteless.

In the depths of Qi Yi's heart, he began to have some little resistance to this matter.

This is also the reason why Qi Yi has been hesitant to follow Ian out since then.

…………………………

Note 1:

The insurance industry started relatively late in China.

Although there are already a dazzling array of insurance products in China, and insurance brokers who call people every day to harass people, truly differentiated high-end insurance is still extremely rare in China.

For example, in the United States, there is also legal insurance that can be bought.

After buying this insurance, if your company gets into a lawsuit one day, you can use the insurance to pay for the sky-high legal fees in the United States.

Otherwise, if you are a small company, once you are targeted by a large company, you can directly go bankrupt just by filing a lawsuit.

Some small companies with good development, one was accidentally targeted by a large company, and wanted to buy it at a price, but the founder "regarded the company as his own" and did not want to sell it at all.

Large companies have strong legal teams, and if you don't sell, you will find a reason to sue you for infringement, regardless of whether your infringement is true or not, the process of litigation alone can directly bankrupt a small company.

When the small company goes bankrupt in a lawsuit, the big company will go back and swallow it up at the price of cabbage.

This happens all the time in the United States, and most of the founders can't do anything about it.

Unless, you have legal insurance.

Note 2:

There are also many private placements in China, some formal and some informal.

Even if it is formal, the entry threshold will be much lower than in the United States.

For private equity funds with relatively good performance in China, the entry threshold of 1 million yuan, plus a six-month closure period, is too much.