Year 2001.

February 20th.

Smith Capital, Smith Building.

Ground floor.

Today, it is temporarily set up as a conference room.

The area of about 700 square meters is filled with many seats.

Most of the funders of Smith Capital's first phase of private placement are here today.

There was really no time, and the part that couldn't come over also sent representatives.

Tedererna and Barron Hilton, two wealthy New Yorkers who are free, both came together.

At the last Smith Capital Investment Reception.

The two spent more time together, and Barron Hilton's senses for Tedlerna were much better.

Barron Hilton's astute discovery.

Tedelena's pompous appearance is probably pretended!

With the addition of Yin Kana and Paris, the relationship has also changed for the better recently.

This made the relationship between the two New York businessmen also very good.

Today, the two of them came together by appointment.

When you get off the bus.

Tedlerna looked a little impatient and said to Barron Hilton:

"Hey, Barron. What do you think we can do today? ”

Barron Hilton replied:

"Then I don't know. But it was already so high last time, so it should definitely be higher this time, right? ”

"Okay." Tedelerna laughs and says:

"Phase 2 and Phase 3, I didn't have enough money at that time. Only 10 million dollars were invested. ”

"I heard that this time there is a new three-phase private placement, if it is still a 180-day cycle. Then even if I mortgage Tedlerna, I will have to put all the positions on it! ”

"Haha~" Barron Hilton said with a smile:

"I guess a lot of people think that way today! By the way, I'll tell you, that's actually what I think too. ”

Tedelerna smiled and entered the Smith Capital Building with Barron Hilton.

In the hall on the first floor, the seats are arranged in a circle.

There is a high platform in the middle.

The chair didn't have a name, and the staff at Smith Capital smiled and said that they could sit casually.

According to Tedellerna's character, he would have wanted to sit in the front.

But in the end, he was pulled to a remote place by Barron Hilton.

"We have invested too little. In this issue, if you sit in the front, it may become a joke. Barron Hilton said.

Tedlerna felt that made sense, and the two sat in the more remote back.

Both of them came relatively early, so many people came one after another.

The meeting began at half past nine, and it was almost full at nine.

"It's so hilarious." Tedlerna whispered to Barron Hilton:

"It's just that the occasion is not good enough. Smith Capital's building is too small! ”

Barron Hilton nodded.

The location of this building of Smith Capital is very good, and there is even a special parking lot.

But it used to be a medium-sized supermarket, and it was in Queens, on the edge of New York's East River.

The overall area is actually not very large.

For the average small and medium-sized company, it is possible to have such a place to work here.

It can be said that it is already very good.

But for the fast-growing Smith Capital, there is obviously a feeling that it is not worthy.

The company's headquarters building is not worthy of the rapid development of the company!

It was nearly half past nine, and more and more people came.

Many of them were people Barron Hilton and Tedeller.

This is mainly due to the first private placement of Smiths Capital.

The contributors to the subscription, except for those Wall Street firms.

Most of them are the rich people in New York City.

Because at that time, Abel's fame was not so great.

In addition to Wall Street, he is also familiar with him, and the rich in New York have heard of him.

Abel's fame really spread throughout the United States.

That would not be until he bought MGM and triggered the "Smith Storm".

Only then did many Americans know about him.

It also let more American billionaires know that on Wall Street, a new Peter Lynch has appeared.

As a result, the first phase of the private placement. Naturally, those who subscribed were all the rich people in the city.

Barron Hilton and Tedlerna, both of whom have been in New York for many years.

Of course, they know these people very well.

It can be said that today is a gathering of the rich circle in New York.

It's just that Smith Capital didn't offer anything.

Just one seat per person and a complimentary bottle of drinking water.

Even the drinking water is not the Evian they drink most often, it is just a bottle of "dasani" purified water under Coca-Cola.

Its pricing and brand in the United States are probably similar to that of C'estbon after China.

If this were a different occasion, it would be estimated that a rich man would let his assistant or bodyguard bring water in on the spot.

Or just leave angrily.

There were more than 100 people in the audience, and few of them unscrewed the water bottle.

Most of them found a few rich friends who were more familiar with each other and chatted quietly together.

Soon, it was half past nine in the morning.

When the time came, the elevator opened on the side of the elevator hall.

Coming out of it was a group of Smith Capital executives led by Abel.

I don't know who took the lead, but among the more than 100 rich and wealthy people, some people began to applaud.

Soon everyone was mobilized, and everyone applauded.

Tedelerna and Barron Hilton, they applauded while seeing that Abel didn't go straight to the high platform.

He sat directly in the nearest seat.

On the high stage, it is Merio, the deputy general manager who has no sense of presence in Smith Capital.

Merio didn't speak right away, but asked the staff of Smith Capital.

A thin document was sent to every funder present.

One copy per person, the above is the first phase of the Smith Capital private equity fund.

Rough data, with dividends that everyone can get.

When that's all that.

Merio on the stage said very directly-

"Ladies and gentlemen, half a year has passed in a blink of an eye......"

Merio made the most of his eloquence.

The plan in the hands of each funder, each person, and the things that have been known for a long time, are told with passion and mouth.

Stacked rhetoric and ornate words, it gives people a feeling of uncertainty.

It's just that these words can't be pondered in detail, and if you think about them, you will know that he is pouring water.

I have to say that this is also a kind of ability.

Abel is quite satisfied with Merio, and everything that this guy can do can be arranged properly.

The 1450 company is thriving, and it is said that it will start to make a profit next month.

Indeed a qualified company housekeeper.

The speech lasted seven or eight minutes, and the atmosphere of the scene was in place, and Merio glanced at Abel.

"Thank you, Merio."

Abel stood up and took the lead in applauding, and when the audience saw it, they naturally applauded together.

"Guys, it's been a long time."

"My deputy general manager has just said it in detail, and I won't repeat it too much."

"Today is a penny conference."

"You all have the information. Are there any doubts about the above amounts? ”

"Or, if you think something is wrong or unreasonable, you can bring it up."

Tedlera was the first to take the lead and grin and say, "No problem." ”

"No problem."

"No problem."

Everyone present knew very well that this meeting was more formal than practical, but it was very necessary.

The expenditure of profits and management fees is clearly written in black and white.

What's more, after you see the numbers on the document.

At this time, one or two, their hearts have already blossomed.

Including those investment banks.

They were all surprised, shocked and satisfied with the profits of Smith Capital's private equity fund.

At this point, if it weren't for Abel, these people would have started talking.

Abel didn't even get on the podium, he just stood in front of his seat, holding the microphone that Merio had given him.

"Take a look at the distribution plan, and sign it if it's okay."

"The principal and profits will be remitted to your account before five o'clock this afternoon."

Abel sat down to talk to David, and Merio handed over the prepared contract to everyone.

There weren't many people involved in the project in the conference room, a hundred people in total.

In fact, according to the relevant laws of the United States, the upper limit of private placement can reach 200 people.

After all, there is only a $3 billion share, and the wolf has more meat and less meat.

But plus the assistants they brought over, and the employees of Smith Capital to maintain order.

Now there are at least more than 200 people on the first floor.

When it comes to money, it is still necessary to check it clearly to avoid the existence of loopholes in the contract.

Be careful, it will be beneficial to the cooperation between the two sides.

"David, let's announce to them the 4th, 5th, and 6th issues later."

"That's not up to you to manage the money, do you want to announce it on the spot?"

"Of course. After all, there is a period of remorse. If they decide to invest, it is not good to get angry and regret it when they know the truth later. ”

Abel said, "Tell them directly." Tell them my pledges too. Whether to invest or not, that's their own business. ”

"Understood~"

David Mellon nodded.

The two of them were talking, when suddenly they noticed five or six people coming up and blocking them.

Of course, it wasn't the FBL or CLA that came and arrested the two of them.

Instead, a few investment bank CEOs who made a special trip here today, and they gathered.

They came to Abel.

The first to speak, again a very straight-tempered Wall Street bulldog.

Lehman Brothers CEO Richard Foord.

"Mr. Smith! I already heard it just now. Smith Capital's 4th, 5th, and 6th private placements are about to begin. ”

"As a member of the board of directors of Lehman Brothers, one of the shareholders of Lehman Brothers Bank. You can't forget about us! ”

Let Richard Forder speak first.

Philip Purcell of Morgen Stanley was a little upset.

Philip Purcell also hastened to say:

"Mr. Smith! Don't forget, it was Morgun Stanley who introduced you to the board first! ”

In the last battle between Abel and Wall Street investment banks.

Wagon Stanley was the fastest to shoot and the least to lose.

Naturally, they were also the first to make Abel a member of their board of directors.

Philip Purcell is right to say so.

David Mellon opened his mouth next to him, but finally did not dare to speak.

The general manager of Smith Capital doesn't know how these Wall Street giants will react if he says that the three private placements are not under the jurisdiction of Abel at this time.

David felt that the reaction might not have been good.

He finally decided to give in.

This kind of thing, let's let your "king" say it.

David thought to himself.

Just when the presidents of Merrill Lynch and Bear Stearns were about to speak, even Paulson had the intention of opening his mouth.

Abel smiles:

"Hmm.... Smiths Capital is honored by your enthusiastic support. ”

"But if ... If I am not responsible for these private placements, I don't know if you are still interested? ”

"Of course I'm interested." Richard Forde said quickly, and after saying that, the pit bull felt that something was wrong.

Richard Fored looked at Abel, "What did you just say?" ”

"I said." Abel said with a smile: "I will not be responsible for the latest three private placements. They are also only half a billion dollars. ”

"I can only assure you that they don't make funders lose money. As for how much to earn, that's none of my business. ”

This time, Abel's words are very clear.

The people next to him also heard clearly.

The giants of several major investment banks looked at each other and looked at their peers.

Paulson, who had not spoken, suddenly said:

"If that's the case. With all due respect, Mr. Smith. ”

"Then these private equity funds, their attractiveness to us, will have to be discounted."

The other giants didn't speak, but they all nodded.

Everyone came for Abel, and Abel told them.

The new private placement Abel will not be responsible, but will only make a guarantee that it will not lose money.

For Wall Street giants like them, the appeal is almost none.

Everyone rushed to Smith Capital's private placement.

Originally, it was for the super exaggerated profits hosted by Abel.

If it's just normal Wall Street profits, then they can do it themselves.

Sometimes, if you are lucky, it is not impossible to achieve more than 100% profit.

Faced with these people's looks, Abel shrugged:

"That's the case. I've explained it to you directly. How to choose is everyone's business. ”

"Of course. I will continue to be responsible for the investment in the second and third phases. ”

Smiths Capital II and III private placements.

When we perform offering

It was just when he was at odds with Wall Street investment banks.

At that time, Smith Capital also restricted the purchase of these two private equity funds.

Finally, those relatively large Wall Street investment banks have not been qualified to subscribe for the second and third phases.

This time, the 4th, 5th, and 6th phases came out.

Everyone's relationship has also eased.

They thought that they could take advantage of the situation to subscribe at this time so that they could get on the chariot of Smith Capital.

Unexpectedly, the chariot was indeed the chariot of Smith Capital.

But it's not Abel's Super 99A or M1A2SEP.

Rather, Smith Capital is the equivalent of T34 during World War II....

So what's so good about it?

Aren't they better themselves?

Seeing Abel confirm again, the attitudes of the giants cooled down.

But at this time, Lincoln, general manager of PNC Financial Services Group and its Belade Fund, who was outside the crowd, suddenly said loudly:

"Mr. Smith! Belled Fund is willing to subscribe to Smith Capital's 4th, 5th, and 6th private placements! ”

Everyone immediately looked at Lincoln.

Lincoln also took the opportunity to squeeze in, came to Abel's side, and stretched out his hand to him with a smile:

"Hello, Mr. Smith. I'm Lincoln Johansen, Managing Director of BLAD Funds at PNC Financial Services Group, and it's a pleasure to meet you. ”

Abel smiled and reached out to him, "Hello, Mr. Johansen, I'm Abel Smith, and I'm glad I met you." ”

Abel didn't know this Lincoln.

But he knew about the existence of PNC Financial Services Group, as well as the Belade Fund.

PNC Financial Services Group is also a financial behemoth in the United States.

This company has not been established for a long time in the financial world.

It was founded in 1982 and is headquartered in Pittsburgh, Pennsylvania, in the eastern United States.

But it is also one of the serious Wall Street giants, and its influence is more likely to be higher than that of pure investment banks like Goldman Sachs.

Because it is also a financial services group that includes commercial banks, investment banks, hedge funds, insurance business, reinsurance business, etc.

By analogy, it is almost equivalent to Citibank in the Citi consortium.

Or a combination of Wells Fargo and Goldman Sachs.

This is also a giant of American finance.

It's just that Lincoln in front of him is just the general manager of the Belled Fund.

It is equivalent to a prince under the giant, and a relatively important high-level.

In later generations, Lincoln was in charge of this Belled Fund.

It has become the investment fund with the largest amount of funds under custody in the world.

At its peak, it was at one point managing nearly $10 trillion.

It's a terrible mass.

You must know that by 2022, the size of the entire U.S. debt will be about 31 trillion US dollars.

At his peak, Baled was in charge of one-third of the U.S. debt.

What is this concept?

If you don't understand it, there's another object of comparison.

In 2021, Rabbit's GDP will only be $17.73 trillion.

Bayride Fund is still a cash asset!

It can only be said that there are too many rich people in this world.

There are too many people who are qualified to be hung on street lamps.

Fortunately, at present, the Belade Fund has not been as dazzling as later generations.

At least it is far less attractive to the rich and Wall Street than Smith Capital at this time.

Otherwise, Lincoln's attitude would not have been so good at this time.

Seeing Abel and Lincoln, they chatted eagerly.

Several investment banking giants have realized that this time PNC Financial Services Group sent Lincoln over to have a relationship with Abra.

After thinking about it carefully, Paulson suddenly interjected:

"Mr. Smith. Goldman Sachs is also willing to subscribe for a certain share. ”

For Paulson, it was more important to bring him closer to Abel.

Anyway, it won't lose money, at most let Goldman Sachs make a little less.

Paulson spoke decisively.

Even Goldman Sachs, where Abel is not a member of the board, is like this.

The giants of several other investment banks can only cooperate.

In the end, several other people also said that they would subscribe for a certain share.

This also made David originally think it was difficult to raise.

A total of about $1.5 billion in private placements went very smoothly.

At the end of the day, it was time for David to announce it to the other rich people present.

Even the share is only about $900 million.

Those LPs who heard that these private placements were not Abel Guan, and were not very interested in it.

When I heard that Goldman Sachs, PNC and other giants subscribed a lot.

They also suddenly reversed their minds, and many people chose to subscribe.

As a result, the 4th and 5th phases of the Smith private placement.

These fund companies have not yet been introduced to the market.

Directly in this money-sharing conference, it was divided up.

And this is only because of Abel's guarantee, and because of his name.

It's time to come.

Abel is finally sure that his position on Wall Street has been established.

The attitude of these people is the best proof of this.