113 Equity investment funds
"You really understand what I mean?" An Kang asked.
"I really get it. Come on, let's see if I'm right. Wu Mo adjusted his body and put on a comfortable posture, "You're going to use the way the Taigong Fishing Wisher takes the bait, right?" You are ready to choose a few projects to prepare for investment, but in reality you are not going to invest because our company does not have so many resources and funds to invest in every promising project. But you want to use this way to get Gong Yu's Yusheng investment company to invest.
The benefit of doing this is really helping those companies to raise money. It's just that you've done everything you need to do, and you're just not taking the action to invest. The act of investing is to take the bait. Am I right? ”
"Oh, Wu Mo Wu Mo, you are so ice and snow smart, you are simply a prodigy!" An Kang applauded.
Wu Mo pouted and smiled: "I can't see this little Jiujiu in your heart." ”
An Kang smiled: "Then do you think that if you do this, there is a good chance of success?" ”
Wu Mo said: "Then it depends on how stupid this Gong Yu is." If he hadn't been fooled, wouldn't all the work we've done in the early stage be in vain? ”
Ankang said, "Hey, how can this be called in vain? We conduct comprehensive due diligence on a company, and the work is never in vain. First of all, even if Yusheng Investment is not interested in these projects, I can still introduce the projects to other investors. The second point is that even if we don't have enough funds to invest, we can still invest in a four-to-two way. ”
"You mean setting up a fund?"
"Yes. Set up a special investment fund for the project, and we will be the GP. ”
The model of investment in the form of funds mentioned by Ankang is a method that is often used in investment circles.
Funds are generally made up of GPs and LPs.
The so-called GP is the general partner. The GP is both the sponsor and the manager of the fund. They are responsible for the management of the fund and the return on its investments.
The so-called LP is a limited partner. LPs can be considered investors in the fund. They are not involved in the management of the fund and only receive investment income from the fund.
GPs generally have a very small equity share in the fund, mostly below 5%, while 1% and 2% are more common. The GP's income comes from two aspects, one is the fund management fee, and the other is the fund income.
The fund management fee is the remuneration of the GP for his work as a fund manager, usually around 2% of the fund. Depending on the type and size of the fund, and the willingness of investors, there will be room for fluctuations.
Income generated by the fund's income GP's share of the fund. But in reality, GPs don't just get their share. They will generally ask for a larger share of the earnings. For example, they only have a 2% share, but they can claim 10% of the profit.
If the return target set by the fund is achieved, the GP can also request an additional portion of the return in excess of the expected return, usually around 30% to 40%.
For fund managers, this is an investment behavior with relatively small economic risk but relatively high returns.
But there is also a prerequisite for this so-called low risk, that is, the performance of the fund must be good enough, at least the operation is normal.
If the performance of the fund company is not good, then whether it is the fund company or the fund manager, its credibility and ability will be questioned by investors. As a result, the main managers and traders of fund companies may lose the right to continue working in the financial industry.
Therefore, the overall risk of setting up a fund is not low.
Unlike securities investment funds, equity investment funds have a considerable degree of freedom and are less regulated by the industry. In fact, the Kangmosi investment company established by Ankang and Wu Mo itself has all the characteristics of an equity investment fund, but as an investment company and an investment fund, there are still subtle differences in operation.
These differences also lead to completely different management models for investment companies and investment funds. Compared with equity investment funds, investment companies enjoy more freedom. At the same time, investing in a company can also bring more favorable conditions to partners.
However, compared with investment companies, funds have the characteristics of short-term and fast, and they can be earmarked.
That's why Ankang mentioned that a special investment fund can be set up based on the characteristics of a project.
"Since you're so sure, let's get started." Wu Mo listened to An Kang's analysis and was ready to move.
"I didn't say I was sure." Ankang said, "I just encountered the current difficulties and thought of such a solution. Like you said, maybe in the end it was really a hard year and a night back to before liberation. ”
Wu Mo didn't care: "Investment, it's normal to have gains and losses." Just like in war, victory and defeat are a common thing in soldiers. As long as we control the risk. ”
"Definitely. It's good that you're mentally prepared. Then let's sort out the targets we have collected before and divide them into two categories. One is what we really want to invest in, and the other is what we don't have the will to invest for the time being but want to continue to follow up. This latter type of due diligence and negotiation needs to be done with great fanfare. I don't believe that Gong can't be tricked. ”
Wu Mo applauded.
"Let's go, let's have a supper." Ankang proposed.
"Good. Where to? ”
"I know it's nice to have a food stall."
"Food stalls?" Wu Moyi frowned, "Can you eat something normal?" ”
"Pizza then?"
"It's a bit ...... to eat that at night."
An Kang scratched his head: "Either eat vegetarian dishes." I know there's a new one on Pu Circuit. ”
"That's fine."
As soon as the two of them came out of the office, they saw a girl standing up in the common room next to the elevator.
"Huh? Nanhua rain? Why are you here? Ankang was pleasantly surprised.
"I accompany customers to go shopping, and I'm close to you, so I'll come and have a look. I saw you in a meeting just now, so I'm waiting for you outside. ”
"I didn't have a meeting, I was talking to my colleagues. Oh, this is my partner Stella. ”
"Stella, this is Nanhua Rain."
Wu Mo stretched out his hand to Nanhuayu and said, "I've seen it, I've seen it, I've seen it on Ankang's mobile phone." Sure enough, it's a big beauty. No wonder Ankang is so soulless for you. ”
Nanyan Yu said with a smile: "Stella also has an extraordinary temperament." Please take care of your well-being in the future. ”
Wu Mo smiled: "This sounds like something profound." Okay, I'll take care of him for you. In the future, the company will recruit female colleagues, and they don't want to be beautiful. Hahaha. ”