14. Five capitals(1/2)
"Ahem..."
Fang Nian pulled Lu Weiyu to the center of the banquet hall and cleared his throat to attract everyone's attention.
"Thank you all for the compliments."
"..."
"It's a simple meal and poor hospitality. Please forgive me."
After saying a few words appropriate to the occasion, Fang Nian raised his glass and said, "Here's a toast to everyone."
"..."
They were all acquaintances, and there was not much procrastination. The formal banquet ended here.
It's not yet half past nine.
That's about an hour.
Unlike the previous visit to Fuyou, in just a few minutes when Fang Nian visited Ping Shu, Fang Nian mentioned additional small things in life, such as Lu Weiyu's pregnancy.
In the hallway of the banquet hall, Fang Nian and Lu Weiyu greeted the guests together.
Not long after, Lu Weiyu left the State Guesthouse by car and headed back to the Park Hyatt House in Intime.
Unlike Wen Ye who only went to other cities to buy property now, Fang Nian and Guan Qiuhe jointly purchased the property in Beijing very early in the morning.
Speaking of which, Wen Ye mentioned it two days ago that some places were also planning to build a 'Park Hyatt House'.
After all, no city lacks a group of particularly wealthy people.
Not long after Lu Weiyu left first, Fang Nian showed up at another private banquet.
This banquet is a ceremonial exchange between business partners, and there will inevitably be incidental business contacts.
The thank-you banquet for relatives and friends for Fang Nian and Lu Weiyu's wedding was much earlier than this, and some of them were completed that night.
"..."
"Mr. Fang."
"..."
Fang Nian smiled and greeted everyone, and briefly exchanged greetings.
After the service staff brought warm tea, Fang Nian got straight to the point: "To be fair, I have something to ask of you today."
"We are planning to establish a brand new capital company in the capital. It can be regarded as a fusion of venture capital and private equity. I would like to ask all the bosses to take care of me."
Upon hearing Fang Nian's words, Shen Niel's eyes lit up: "Fund-raising?"
Mapelly and others also quickly looked up.
In their impression, Fang Nian personally was not willing to raise funds in the investment field, whether it was the early stage of Frontier Angel or the later stage when the Frontier Department grew and there was no shortage of money at all.
Frontier Angels are very different in the field of venture capital. On the surface, they do not manage any funds.
But in the business field, what makes Fang Nian the most enviable to these big guys is his investment vision.
The income of the impact fund established in early 2011 is simply eye-catching.
It was fine at first, just a few hundred million or more.
The closed-loop investment launched in October 2011 has not ended yet, but the rate of return is frighteningly high.
And it has been praised and praised many times by the above.
In China, finance, especially capital, is not something that some people like very much.
But Fang Nian has achieved this with his impact fund, conforming to the development trend of the times and promoting the positive and sustainable rapid development of multiple industries.
Let multiple industries have certain core competitiveness in the field of global trade.
To exaggerate a little, it can be called the light of domestic products.
Impact funds have indeed made a lot of money, but related industries have also benefited greatly from this, and to a certain extent, they have achieved the outline of the early resolution of the founding of the People's Republic of China of "achieving common prosperity and a generally prosperous life."
Because its reach into some industries reaches the lowest level, individual workers can also enjoy conveniences and benefits.
Even many fiscal and local-support related funds are more effective.
Impact funds aside, Fang Nian’s operations on Wall Street also showed his peers around the world his ability to manipulate capital.
Even if they are suppressed by the local administration, they can still seize billions of dollars of local profits and return them to the country.
And now...
Fang Nian actually publicly stated that he would establish a new capital company and raise funds privately?
Facing everyone's gaze, Fang Nian nodded with a smile: "That's true. The registered capital is 1 billion, and the planned fund-raising scale starts at 10 billion. The more, the better. It will be officially unveiled tomorrow."
"Please help me a lot."
After a short pause, without waiting for anyone to ask questions, Fang Nian took the initiative to mention income: "I personally don't like the concept of annualized rate of return. What I can give is 35% of the investment income of the capital raised;
The closed cycle will be longer, about 5 years, and will end on December 31, 2017;
During this period, any form of withdrawal for any reason will not be accepted. Starting from December 31, 2014, 6% of the principal will be paid as a fixed return at the end of each year.”
After listening to Fang Nian's words, the elegant and luxurious banquet hall fell into silence.
Everyone here wanted to take a breath.
It’s not that Fang Nian’s appetite is too big, or that the cycle required by Fang Nian is too long, but...
The conditions provided by Fang Nian are too good, and the closing period is really short.
In areas with developed foreign capital, the closed period for this kind of fundraising is usually as long as 10 years, and it is directly halved every year. All the bosses want to call them good guys.
The key is the annual promised income.
Too high.
It's really too high.
Generally speaking, the annualized return of this type of foreign financing is around 20%.
Fang Nian gave 35% of the profit.
This may seem deceptive to others, but this person is Fang Nian!
For the best investors, the returns on large-amount transaction investments can easily exceed ten or dozens of times.
This thing is much better than the annualized income promised by other fund-raising projects.
It doesn’t need to be more than ten times or dozens of times, as long as there is double the income, the money placed with Fang Nian is equivalent to an accelerator for making money by clicking money.
Maybe 100 million will be invested today, and 1 billion will be returned during the five-year closure period.
Because Fang Nian is particularly good at manipulating large funds.
Although the closed period is 5 years, no withdrawals are allowed midway, and only 6% of the principal can be returned every year;
but……
Within a moment, someone asked: "Is there an investment quota limit?"
This is the issue that everyone is most concerned about.
Fang Nian smiled slightly: "You can say no, but we will only accept funds that can be received before 11 o'clock tomorrow morning."
"Please help me a lot and don't embarrass me too much."
"By the way, I would like to mention that we only accept high-quality domestic capital."
Fang Nian's final emphasis did not dispel the enthusiasm in everyone's hearts.
Everyone also understands the meaning of domestic high-quality capital. The first is domestic and the second is high quality.
The meaning of high quality is very broad: stable, reliable, trustworthy, well-known and well-known.
As for domestic...
Fang Nian is not alone now. There are many people standing behind him. These factors make Fang Nian need to pay special attention to the word "domestic".
At this stage, everyone has already seen that some of Fang Nian's restrictions on many matters are based on these two words.
Making money is making money, and it will never cross some ‘lines’ that are insignificant to many people.
The potential benefits gained from such an approach also make everyone understand what a ‘square year’ is.
Fang Nian used practical actions to tell these big guys what it means to always follow the right direction and never do the wrong thing.
Otherwise, if everyone believes in Fang Nian’s ability to make waves in the capital world, why would Frontier be as big as it is now?
Didn’t you see that Dangkang’s listed market value exceeds that of national technology companies?
Didn’t you see that Xiaomi, Qingchao, Meituan, Toutiao and other companies are now valued at what they are?
"..."
The private banquet ended in less than twenty minutes.
All the invited CEOs were enthusiastic in their hearts, but calm and calm on the outside, and each of them left the venue in a hurry.
To be continued...