The Road to Rebirth Finance

Chapter 410 First LP, Cooperation Achieved

After listening to Xie Jun's narration, Gu Junhao also nodded. Compared with some other projects, financial risks are more uncontrollable.

For a trust company with a background like Jiufeng Trust, it is more appropriate to choose an investment institution that you think is more suitable to manage this asset.

At the same time, Gu Junhao was also able to confirm that the 6 million US dollars was just the other party's first batch of funds.

If it is managed well, there is still the possibility of further cooperation between the two parties. Beicang City Investment has more than this little money.

However, Gu Junhao was somewhat surprised that the other party found him. It is normal for Gu Junhao to have an organization looking for cooperation.

However, it was somewhat unexpected for a trust company with this background to find me, which was more troublesome than dealing with private clients.

US$6 million is not a lot of money. If you invest in rice stocks through Junshi’s self-operated trading channel, you can completely digest a few stocks, and you will also have good returns.

However, Gu Junhao still wanted to ask, why himself?

Ordinarily, with his habitual heavy positions, Ye Daozi and a fund manager with little investment experience on the surface, it is okay to take care of property for ordinary people.

It's really unworthy for a company with a background like Jiufeng Trust to manage its assets.

However, this time is indeed an opportunity. The senior vice president of the other party came to the door in person, showing that the sincerity of the cooperation is still full. If this cooperation can be facilitated, it will also strengthen the background of Junshi Capital.

"6 million US dollars is not too much, but I still want to ask Mr. Xie, why me? It is said that there are many companies that are more powerful than Junshi Capital, not to mention the whole country, even within the scope of Yongcheng."

"Mr. Gu was joking, who else is the most powerful fund this year besides Junshi Investment?" Xie Jun glanced at Gu Junhao and said.

"That just took advantage of the timeline and missed the stock market crash in January."

"Mr. Gu, please don't be modest. Apart from Junshi Investment, Junshi No. [-] is also very stable. We came here with sincerity." Xie Jun still said very politely.

But what I think about is what the leader said before he came, and try to be as polite as possible. Judging from the performance of the young man in front of him, he doesn't want to maintain too close a relationship with the official.

Now it seems that this is indeed the case. After throwing out 6 million US dollars of funds, they are still as calm as before, and they can remain calm as always.

Seeing that Gu Junhao was still contemplating, Xie Jun couldn't help but said: "In addition, we also learned about Mr. Gu's business philosophy of finance to feed back the industry and solve employment. Although this fund is not much, it is also concerned about the future of some families in Beicang. As for the quality of life, Mr. Gu, please don't shirk."

Gu Junhao nodded, and the words have come to this point, and his sincerity is indeed quite sufficient: "In this case, I will take it, but how long does Mr. Xie plan to invest this fund for?"

"Actually, in my opinion, if Junshi Capital wants to find an investor, I hope it will be a long-term and stable investor, which is more in the interests of both parties."

"How long is the long term Mr. Gu is referring to?"

"Of course, the longer the timeline, the better. In my opinion, the value of time is far higher than the capital itself. Through long-term cooperation, mutual trust can be gained, and then a mutual profit can be achieved."

"I can understand that Mr. Gu's holding style is mainly in the medium and long term. We are prepared for this, but all of this is naturally based on interests."

"Understood, this is just one of our ideas. If the income does not meet the requirements, I have no face to make such a request." Gu Junhao laughed.

"Mr. Gu understands people." At this point, Xie Jun got up immediately, and added with a smile: "Since both parties are interested in cooperating, I will stop here today if I bother you. Let's go back and discuss it, and give Mr. Gu an answer in a week. how?"

Gu Junhao also stood up, nodded with a smile and said, "Of course, welcome to Jiufeng Trust to learn more about Junshi Capital."

The two shook hands politely, and the preliminary intention had already been discussed. For Xie Jun, he was quite happy.

Xie Jun had never dealt with Gu Junhao before, and because he was relatively low-key, the outside world didn't have much impression of him, but in Xie Jun's understanding, young people are always arrogant.

What's more, Gu Junhao is only 24 or [-] years old, but he has such achievements, so he must have his own temper.

Unexpectedly, after the meeting, it went surprisingly smoothly, and the conversation lasted only half an hour.

Gu Junhao raised his own doubts, and at the same time confidently accepted the $6 million fund, and expressed his long-term holding thoughts.

Although I have been paying attention to Gu Junhao for almost half a year, it is impossible to transfer the 6 million US dollars of funds directly after seeing him. Any large fund of hundreds of millions of dollars in the system needs to be carefully decided.

Otherwise, if something goes wrong, Xie Jun won't be able to bear the blame.

Junshi Capital's stable return on investment is what attracted Jiufeng Trust, and Gu Junhao has been deeply cultivating in Beicang, and the two parties have a natural basis for cooperation.

Jiufeng Trust is the first large-scale institution to directly visit its door, and it has a good background. If the two parties can promote cooperation, it will also be a way for Junshi Capital to make a name for itself.

Once you have the first one, you don't have to worry about the second one or the third one. . .

After seeing off Xie Jun and the two, Gu Junhao was also a little happy. With a specific investor (LP), it seems that Junshi Capital can develop a new investment business.
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Since July 7, the trading volume of the Shanghai Composite Index has been maintained at more than 4 billion yuan, and yesterday's trading volume exceeded 2000 billion yuan in one fell swoop.

Today's trading volume remains at around 2800 billion yuan, and the increase has narrowed from 1.82% yesterday to 0.37% today.

No matter in terms of volume or index, the Shanghai stock index has shown a short-term top-divergence trend, and the liquor sector, which has led the index upward in recent months, has bucked the trend and fallen by 1.66%.

Leading liquor companies such as Maotai, Wuliangye, etc. did not perform very well today. Maotai Liquor fell 2.32% against the market.

On July 7, the Shanghai Composite Index, which had already shown signs of diving late yesterday, fluctuated at a low level after opening lower throughout the day, and ended today's trading with an intraday decline of 14%.

The adjustment came much earlier than Gu Junhao expected.

自7月14日至7月20日，上证指数走出日线五连阴的走势，指数从7月13日触及最高点位3069.05点位跌至20日收盘的3027.90点位。

The daily line has gone out of the trend of five consecutive yins. At this time, even the slowest leeks already know that the top and bottom in July have been formed.

The downward adjustment of the index has caused the trading volume of the Shanghai Stock Exchange Index to be less than 2000 billion yuan for two consecutive trading days, and just today, Vanke A once touched a low of 16.74 yuan.

Since the resumption of trading, Vanke's overall decline has exceeded 40%. After seeing that Baoneng has not maintained the stock price for a long time, the situation is becoming more and more unfavorable to Baoneng.

However, during this period of time, some self-media spread some specious news from time to time, and everything made Vanke develop in a negative direction.

During this period, Baoneng did not fail to work hard. He still kept fighting with the management, and was unable to control the board of directors. Coupled with the influence of external public opinion and the decline in stock prices, Baoneng was in a very passive situation after all.

This also led to the despair of retail investors who were bottom-hunting after the resumption of trading. In today's five-day negative market, many investors are afraid that Vanke will continue to fall and choose to cut their flesh.

In the Vanke stock comment area, there are not a few investors who posted cut orders, and the largest loss reached more than 30%, which was a heavy loss.

The in-depth adjustments in the 13 trading days since the resumption of trading, as well as the bad news caused by tearing pens from time to time, make people desperate.

By this time, most bottom-hunting investors have already reacted; this kind of situation where the gods are fighting is not something that small retail investors like themselves can participate in.

Unfortunately, it was too late and the losses had already been done.

Although the Shanghai Composite Index went out of the Wulian Yin trend on July 7, this day was a very happy day for Junshi Capital.

Today, Junshi Capital welcomed its first LP since its establishment. At nine o'clock in the morning, Junshi Capital's conference room.

Gu Junhao and Xie Jun led the team, and the lawyers of both sides exchanged documents to review the relevant content, and signed a one-time contract of [-] million US dollars, and there were still a lot of materials.

Junshi Capital and Jiufeng Trust reached an agreement on this fund, and Jiufeng Trust became the first private equity LP under Junshi Capital. The specific contents of the contract mainly include five points:
First, the closure period

The minimum closing time is one year, and the maximum period is six years. Since the signing of the agreement, the principal redemption will be opened every two years. The principal of each redemption cannot exceed one-third of the total principal, which is 2 million US dollars. knife.

At the same time, the entrusting party, that is, Jiufeng Trust, can choose not to redeem the unlocked funds and continue to entrust Junshi Capital to manage them.

And Junshi Capital also has the right to refuse to continue to manage the unlocked funds. If Junshi Capital refuses, Jiufeng Trust must transfer the funds away unconditionally.

Second, penalties for breach of contract

Within the fund closure period, the entrusting party shall not unilaterally withdraw capital, and the entrusting party shall be fully responsible for the losses caused by unilateral withdrawal of capital, and at the same time, it shall be subject to liquidated damages of 5% of the withdrawal amount.

If no losses are caused during the unilateral divestment process, the resulting profits will be compensated to the entrusted party (Junshi Capital) as liquidated damages.

Third rights and obligations
The entrusting party shall not interfere with the specific operation method of the entrusted party for the custody funds. The entrusting party has the right to know, but the entrusting party also has the right to refuse information disclosure. Both parties should follow the principle of cooperation and mutual trust.

Fourth dividend distribution
The entrusted funds start from profit, and need to distribute 20% of the profit to the entrusting party every year until the next year. The entrusting party has the right to cash out once within 12 natural months.

All or part of the dividends can be cashed out. In addition, you can choose to reinvest the dividends. The reinvestment part of the dividends is also applicable to this agreement, and the excess performance commission is exempted.

Fifth management fee
Junshi Capital waived the subscription fee for this subscription. If there is a new subscription later, it will be charged at a rate of 1%, and the redemption fee will be paid at a rate of 1% of the redemption funds. Management costs.

In addition, for the excess income (over 100%), the entrusted party will charge a 20% excess performance commission.

Among the five major clauses, there are still many details. The lawyer teams of both parties reviewed the clauses of each item one by one, and it took nearly two hours.

After the two parties finally confirmed that the contract was correct, Gu Junhao signed the contract on behalf of Junshi Capital and Xie Jun on behalf of Jiufeng Trust.

After the two parties signed the contract, Xie Jun looked at Gu Junhao with a smile and said: "Mr. Gu, I will leave the next thing to you. The funds will arrive within this week. I hope we can eat today next year." to the bonus."

The reason why Xie Jun is so happy is because in his opinion, these terms of Gu Junhao are really too favorable, it can be said that they are giving him performance.

The management fee and redemption fee are not high, and the one-time subscription fee is also waived. Based on the calculation of 6 million US dollars, this is 600 million US dollars, which is quite generous.

Another point is about the excess commission. Gu Junhao set this commission at 100%, that is, it will be charged after doubling, and it will be fixed at 20%.

In Xie Jun's opinion, this point is no different from not charging excess share. Although Gu Junhao's operating fund is known to be very successful, no one is confident that he can double the 6 million dollars by himself.

What's more, even if it can be done, compared with the Junshi No. [-], its share will be greatly discounted.

If the follow-up funds can be operated properly within six years, just relying on this contract will be enough to make his position go further.

"Maybe it doesn't take six years, but only one or two years, and I can make further progress." Xie Jun looked at Gu Junhao with a smile on his face, his heart was full of joy.

This is no different from the God of Wealth. Even if you really lose money, there is nothing in this contract that you can blame yourself.

The reason why Gu Junhao did this is unknown to Xie Jun, but in any case, when he saw this agreement for the first time, his heart was already full of strong affection for Gu Junhao.

After the contract was signed, the two parties communicated again on some specific details. This time Xie Jun was very forthright, and he agreed directly to those who could make decisions within his power.

Just like that, before we knew it, it was past 12 o'clock, and Gu Junhao stayed with the opposing team for a light meal.

Without any extravagance, the two sides settled with fast food in the office, and didn't even serve wine, because there was still work in the afternoon.

Of course, Gu Junhao wouldn't be so ignorant. Although it was fast food and it wasn't extravagant, it was completely different from what he usually eats.

Xie Jun and the others naturally knew this well, and couldn't help but praise Gu Junhao in their hearts.

Don't even mention it, this person is right, he is right in everything he does, this is roughly the impression that Xie Jun has of Gu Junhao at this moment.

　There are three chapters today, two chapters are more than 4000 words, and another [-] words!

　　
　
(End of this chapter)