"Mr. Peterson, Zhuang Yuhai should have revealed my thoughts to you yesterday. That's right, I now formally invite you to take on the role of Chairman and CEO of Hilson-Lehman!" Li Xuan smiled at the other party, and then said very seriously.

After Zhuang Yuhai had blown the wind beforehand, Li Xuan invited Pete Peterson, chairman of Blackstone, Stephen Schwartzman, chief executive, and Lawrence Fink, chief executive of BlackRock Capital, to dinner at his home at the top of the hill the next day. After a sumptuous Chinese dinner, Li Xuan accompanied the guests to sit down in the living room.

After a few words of greeting between the two sides, Li Xuan directly sent out an invitation.

Without waiting for the other party to say his words, Li Xuan immediately continued: "Mr. Peterson, don't be in a hurry to refuse, you might as well listen to my conditions first! I know that a professional like you is most worried about the decision of a layman to lead an insider!"

I am a layman in financial investment, so I can solemnly promise you that as long as the company's performance does not suffer significant losses, I will not interfere in the internal decision-making and management of the new company, and everything is at your discretion!

Of course, because the LH fund in Hong Kong is going to be integrated with Hilson-Lehman in the United States, Zhuang Yuhai, the head of the LH fund, will be the co-CEO of Hilson-Lehman!

In order to benefit the stability and development of the company, I will continue to inject $1 billion after the completion of the acquisition of Hilson-Lehman to expand the company's own capital!

Of course, I also know that Blackstone is your hard work in recent years, and you may not give it up! Therefore, I am willing to buy you and other shareholders in full at a valuation of $1 billion, and make it a wholly-owned subsidiary of Hilsen-Lehman Group!

If you and the other partners don't want to sell the shares, you can keep it, in short, everything is as you wish!

Li Xuan's meaning can be summed up in one sentence, as long as you are willing to come, you want power to give power, and you want money to give money!

The current Blackstone Company is not the Wall Street capital predator of later generations, but only a small company with a valuation of about $700 million. Li Xuan offered a price of one billion dollars for a cash acquisition, which was simply sending money directly.

And don't look at Hilson-Lehman's internal problems, but after years of non-stop mergers and acquisitions, Amex has built its framework very completely. As long as Peterson succeeds in turning around Hilson-Lehman's performance, it will immediately regain its position as one of Wall Street's top integrated investment banks.

Peterson had just brought Lehman Brothers to that position, and in the blink of an eye, he had lost McTown. Li Xuan believes that the other party must be very unwilling in the bottom of his heart, and he can now provide Peterson with a chance to prove his ability again!

Sure enough, Li Xuan's words made Peterson fall into thought, and he didn't directly refuse. Li Xuan didn't urge the other party, but turned his head to look at Schwartzman next to him.

"Mr. Schwartzman, after Mr. Peterson leaves for Shelson-Lehman, I hope you will continue to take control of Blackstone! Blackstone in the United States and LH Fund in Hong Kong both have private equity as their core business. Therefore, your next first priority is to complete the integration of these two companies as soon as possible, and Zhuang Yuhai will fully cooperate with you in this regard!

And I also found that the bottleneck that restricts Blackstone's faster growth is mainly the lack of own capital. So after Blackstone merges into Hilson-Lehman, I'm going to inject $1 billion to accelerate Blackstone's expansion!"

Li Xuan threw another set of combination punches at Schwartzman for promotion and money. In terms of asset size, the LH fund is not much smaller than Blackstone. Therefore, after the integration with Blackstone as the main body, the strength of the new company is equivalent to doubling. What's more, Li Xuan also promised to invest another $1 billion in cash, compared to Schwartzman's first thought now, which is to let Peterson quickly give up his position.

And Li Xuan's offensive was not over, he finally looked at Lawrence Fink: "I heard that you and Mr. Schwartzman have some disagreements about BlackRock's next development plan?"

Anything that can be solved with money is not a problem in my opinion! Blackstone will continue to focus on private equity in the future, while BlackRock can spin off from Blackstone and merge with Hilson-Lehman's existing asset management division and fixed income division!

The new BlackRock company will be aimed at individual and institutional investors, and will develop in areas such as mutual funds and fixed-income bonds! I will inject another $1 billion in cash into BlackRock without discrimination!"

This Lawrence Fink and BlackRock Capital, which he founded, are also not idle. With more than $6 trillion in assets under management, 10 times that of Blackstone, the company became a supergiant in the global capital markets. What is even more amazing is that the BlackRock company under Fink's leadership was unscathed in the subprime mortgage crisis of '08.

The full name of "subprime mortgage" is called subprime mortgage bonds, and the earliest real estate mortgage debt (CMO) was developed by the team led by Fink when he was working at First Boston.

At the age of 28, he became the youngest managing director in the history of First Boston.

But as the saying goes, Fink led the mortgage bond department, which lost more than $100 million in a quarter in 1986, which also ruined his chance to become the top executive of First Boston.

Shortly thereafter, Fink pulled several other partners to resign from First Boston, and then from Blackstone to invest in BlackRock and start BlackRock Capital. So there's probably no one in the world who knows better than Fink what a mortgage bond is.

It is precisely because he has a clear insight into the risks contained in the bond market that BlackRock's huge fixed income bond division was able to successfully avoid lightning in the subprime mortgage crisis!

In addition to being famous for its abundant passive investment products, BlackRock Capital is also known for its risk control of actively managed portfolios.

Risk management is what Li Xuan values most, so in his design, BlackRock will become the core subsidiary of Hilson-Lehman in charge of asset management. The parent company, Hilson Lehman, will focus on rebuilding the traditional investment banking business!

。 m.