My Age of Investment

  Chapter 465 Want to form a consortium? (Seeking monthly pass)

  The next day.

  Chen Hong led a young man in his 30s who was not tall and combed and walked into Xia Jingxing’s office at the Bund Hotel.

Xia Jingxing greeted him and said with a smile, "Mr. Fu, please sit down!"

   "Mr. Xia, you are polite!"

  The young man is wearing a suit and no tie. He speaks slowly, but he speaks very clearly.

This is actually not a Chinese, but a Singaporean. His name is Fu Jixun. He was born in 1968 and graduated from the National University of Singapore. Served in the Investment Department.

   is currently a partner of DFJ China Fund. The most well-known case in hand is to dominate DFJ China’s investment in Baidu. At present, the other party is also serving as a director of Baidu.

  Xia Jingxing has seen Fu Jixun’s personal resume and information sent by Chen Hong a long time ago, and is very familiar with it.

  Actually, without looking at the information, he also knows this person and he is very famous.

   Greeting the temporarily hired waiter who served them two cups of coffee, and Xia Jingxing asked the waiter to retire.

  The three people each sat on a sofa with a coffee table in the middle.

  Chen Hong sat on the large sofa with his hands on both sides of the armrests, with Erlang's legs tilted, and he was the first to break the calm with a smile on his face.

   "Actually, Lao Fu is very interested in Vision Capital, and I admire and respect you Xia Jingxing.

  But, it’s not a trivial matter to change the platform, you need to talk more, everyone should get to know each other. "

  Xia Jingxing nodded and smiled, and said to Chen Hong that it was hard.

   Then looked at Fu Jixun, and said slowly: "Mr. Fu, the Baidu case can be said to be a benchmark case in the domestic venture capital industry.

  When chatting with Draper before, he praised the Chinese team, especially you. "

  Xia Jingxing was talking about it again. He and Draper, the founder of Defengjie, have never been able to pee in the same pot.

   Facebook raised funds that year. Defengjie didn't invest because of his own stinginess, but Xia Jingxing believed that Draper would definitely not find the reason from him.

  By the time Tesla's C round of financing, DFJ made a small investment, and the relationship between everyone was slightly restored.

  But Xia Jingxing believes that after a few years, if Scape fails to complete the bet, the stingy Defengjie will speak badly behind his back.

   To tell the truth, he didn’t want to deliberately engage in Defengjie, but they were unlucky every time and they had to hit the gun. Who was to blame?

  Hearing Xia Jingxing and Defengjie’s real boss Draper talking and laughing, Fu Jixun did not suspect that he was there.

  Because he has also studied Xia Jingxing carefully, knowing that this is a young business leader who is really close to the top of the pyramid. Bill Gates has invited the other party to dinner and met Draper, which is normal.

  At the same time, he also knows that DFJ US Fund and Envision Capital have jointly invested in Tesla, an electric sports car that made a lot of noise in the world some time ago.

  Because of knowing the energy of Xia Jingxing, he wondered whether to change the door to make his career better.

  Fu Jixun humbled a few words after hearing Xia Jingxing praise himself so much, and then slowly entered the topic.

   "Mr. Xia, I don’t know much about Vision Capital either. Can you introduce one or two?"

  Xia Jingxing nodded, wanting someone to join your company, it is necessary to show your strength.

  So, Xia Jingxing introduced the nine funds of Lichun, Rain, Spring Equinox, Liqiu, Chushu, Jingzhe, Bailu, Xiaoman, and Lixia one by one.

  Different from the past, Envision Capital has long changed its shotgun, and the smallest rainwater fund that invests in the US VC market also has a scale of 50 million US dollars.

  The smallest fund was originally the Lichun Fund with only US$27.44 million, but as the valuations of Tesla, Tudou, Ganji and other projects have risen, the scale of management has increased a lot.

  The largest fund, the Fund of Funds, is in the heat, with a management scale of US$1.746 billion.

Xia Jingxing pledged US$1.5 billion of 20% Facebook equity loans from a syndicate headed by Morgan Stanley, US$228 million withdrawn from Scape, and US$38 million withdrawn from Frame Media, a total of three funds, which are now repaying the Liqiu Fund. After borrowing 20 million US dollars, there is still 1.746 billion US dollars left, all of which are injected into the Shushu Fund.

  Scape has nothing to do with Xia Jingxing. At present, the framework media has only received 38 million US dollars in return. The result of the bet has not been announced, and there are only so many accounts for the time being.

In addition to most of the assets managed by the Chushu Fund are cash, there are also a small number of restricted stocks of eaby and Focus Media.

  These equity can be held as a portfolio of assets, or can be sold for cash in the future, and then injected into major sub-funds.

  Funds of funds, also known as funds of funds, FundofFunds, or FOF for short, are actually a product of investing in other sub-funds.

  Fu Jixun nodded again and again. He had heard media reports on the nine funds of Envision Capital before.

  However, many of the reports are inaccurate and detailed. Now that I have listened to Xia Jingxing's details, I know the potential and ambition of Envision Capital.

  “Angels, VCs, PEs, secondary markets, funds of funds, it seems that Vision Capital only lacks private placement credit (private placement bonds), leveraged buyouts, real estate investment, and infrastructure/energy investment.”

   After that, Fu Jixun sighed with emotion, “In my lifetime, I didn’t expect to see our Chinese own KKR and Blackstone.”

  Chen Hong looked at Xia Jingxing’s young face and admired from his heart, “Yes, only those who have been in the financial industry know how difficult it is to create a world-class Chinese capital in a white-dominated financial industry!”

   "I correct it, we are not doing what China's KKR, China's Blackstone, but the world's vision capital!"

  Chen Hong smiled, "I know, from the time you named the fund, well, twenty-four solar terms, that’s good, you don’t forget your roots."

  Xia Jingxing glanced at Fu Jixun and said with a smile: "Mr. Fu, you now have a general understanding of the capital layout of Envision Capital and what to do in the future, right?"

  Fu Jixun nodded, "The asset layout is very extensive, but the current core is still VC funds and PE funds? And it is aimed at the technology and Internet fields."

  Xia Jingxing admitted frankly, because this is what he is best at, and it is also the area where the investment has the fastest effect and the best accumulation of strength.

  Like a hedge fund, it is more speculative, and it is not conducive to large-scale industrial capital, which really lays the foundation of the business.

  "I heard from you, Mr. Xia, that Envision Capital’s PE fund wholly acquired a mobile phone operating system company and plans to invest in the establishment of a mobile phone brand. This looks like Buyout (M&A investment) in PE funds.

  But that mobile operating system is a start-up company with no cash flow, and even the product has not been formally developed. The mobile phone brand has been created from scratch.

  This does not feel like the style of PE investment, nor does it resemble the style of VC investment. "

  The content of Fu Jixun’s question is actually a bit over-the-top.

  Xia Jingxing recruited the other party to be the partner of Vision Capital-Jingzhe Fund, responsible for domestic VC investment, while mobile phones and Android are the other two funds responsible for the summer and Liqiu projects.

  However, the other party is interested in understanding, maybe it is the senior management position of the entire investment platform of Envision Capital, rather than the mere VC fund partners.

  So, Xia Jingxing slowly explained to the other party, “This is indeed without precedent, it is my own creation.”

"original?"

  Fu Jixun is interested in this, and keep asking.

  Xia Jingxing also gave a good answer, drawing a super big pie.

  "Mobile phone operating system, future cross-border smart car operating system, or even the Internet of Things operating system? Investing in cars, mobile phones, and even various home appliances, smart wearable devices?"

  Fu Jixun muttered softly while thinking carefully.

  Xia Jingxing’s investment philosophy is a bit deviant and seems to run counter to traditional financial methods.

  In his vision, finance seems to be the blood connecting various industrial sectors.

  Others are either making quick money and paying attention to buying low and selling high. This seems to be playing Lego bricks. Through self-made, investment, mergers and acquisitions, the pieces of parts are assembled to form a big...

  "Vision Capital wants to develop into a consortium?"

  Fu Jixun thought of this, so he subconsciously asked.

  (End of this chapter)