The office of Dayuan Investment is located in Shanghai. This is the domestic financial center, gathering various funds, banks, securities firms, insurance, trusts and other financial companies.
Song Ruo returned to China to start a business two years ago in mid-2016, relying on his uncle Song Fa's connections. Galaxy Group was still a giant at that time, and his uncle, as Mr. Ren's personal secretary, had sufficient resources. Coupled with his experience on Wall Street, it was easy to raise a private equity fund of US$200 million.
Later, relying on his performance in the stock market and equity investment, and his reputation in the circle, he raised US$280 million in second-phase private equity funds.
Bank of China Building, the office of Dayuan Investment.
It's about four o'clock in the afternoon. Today is Christmas Day, Tuesday. The streets along the Huangpu River are full of festive atmosphere in the cold wind. It's just that the sky is cloudy.
Song Yaozheng and two partners of "Dayuan Investment" were chatting about the recent situation in his office. He has been on Weibo's trending searches for several days, and the online denunciation of him is getting louder and louder. Commenting on his comments on the Internet, the one with the highest number of likes is an argument: Eat the Chinese people's food and smash the Chinese people's pot!
"Fred, you'd better respond! After all, this is 2018, not ten years ago. The public opinion environment online is very bad!" Fred is Song Yao's English name.
“The Internet is really a bit democratic now.” Another partner rubbed his scalp and sighed.
Song Yao pursed his lips slightly, took a sip of coffee, and said with a smile: "There is no need to respond. The clients of our Dayuan Investment are not those netizens. Private equity funds are not meant to face the public. I think Jing Gao is a man with no skills!"
His remarks abroad have been posted on the Chinese Internet for several days. It would be strange if he didn't know that he was being persecuted! Who else besides Jing Gao? Now he is blocked even if he calls Zuo Hao.
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To be honest, he still felt a little regretful about offending Jing Gao at the beginning of the first two days. He has stayed in the United States for 7 years and is well aware of the horrors of the bosses in charge of the media!
"Fred, are you really okay?"
Song Yao smiled nonchalantly and said: "I had dinner last night with Liu Shaojun, the boss of Jingming Group, and Zhou Mingyang, the boss of Mingyuan Group. They assured me that things on the Internet are things on the Internet. Jing Gao can't do anything. Come out with other little moves.”
When the two partners heard the news, they breathed a sigh of relief. The storm of public opinion is afraid of being converted into actual actions. If not, it is just a storm of public opinion.
"It's fine if you don't. It's very troublesome for a person of Jing Gao's level to do something small."
"Mr. Zhou's reputation in Shengtantan is very good, and he has nothing to do with Jing Gao of the Phoenix Group. Since he guarantees this, it won't be a big problem."
After appeasing the two partners who were affected by the "storm", Song Yao became in a good mood, got up and left the company. His dinner continued to appease his big clients. The dinner was held at Sinan Mansion. At about six o'clock in the evening, the waiter took him to the box. It suddenly started to rain a cold drizzle.
The drizzle in winter was bitingly chilly, but Song Yao didn't care. He sat on the sofa and drank the hot tea poured by the waiter to warm his body, waiting for his big client to arrive. Light rain knocked on the quaint windows. The biting winter cold is isolated outside.
The capital behind him supports him, but there is not much real money invested in him. Otherwise, how could the size of his private equity fund be less than US$500 million. Those are all internationally renowned capital and consortiums!
"Mr. Song, hello, hello!" Tang Jiacheng, the second son in charge of the entertainment industry of Tomson Group, was brought in by the waiter and shook hands with Song Yao enthusiastically.
The Sinan Mansion is extremely famous, but Young Master Tang has been well-dressed and well-fed since he was a child, and he doesn't care about the luxurious furnishings in the private rooms.
Song Yao smiled and shook hands with the 35-year-old Second Young Master Tang, ordered the waiter to serve the food and wine, and said with a smile: "Young Master Tang, we haven't sat together for a while, and I just wanted to chat with you about the recent stock returns. "
In private equity in China, as long as you can make money with clients, you will definitely be a master! The two funds of Dayuan Investment under his management have now gone through the fundraising period and the closed period, and are now in the stage where they can be purchased and redeemed freely. The annual rate of return he gave was as high as 28%.
This is a very impressive report card among domestic peers. Sequoia China's annual return is only 33%.
Now the average education level per person on the Internet is 985, and the annual salary is one million. This public opinion environment has molded people's feelings about wealth figures. In fact, in many industries, the net profit does not exceed 10% in a year.
If a private equity fund achieves an annual rate of return of 10%, it will gain popularity in the market. What's more, a private equity firm like him ranks high in the industry?
According to incomplete statistics, the total number of sunshine private equity funds and underground private equity funds in Shanghai is no less than 1,000. There are more than 2,000 fund products. Among these 2,000 fund products, no more than one-tenth were able to guarantee a positive return rate of 10% during last year's bear market.
So this is the status comparison between him and Second Young Master Tang. He who has skills is the master!
But in this current situation, he needs to appease his big customers. He's not an idiot! Of course you need to connect emotionally at this time! After all, it would still be very troublesome if a large customer proposed redemption at this time.
Tang Jiacheng took a sip of wine and was chatting with Song Yao. Then he got to the point: "Um, Mr. Song, I have recently invested in several film and television dramas, and my money is a bit tight. Look..."
Song Yao, who was still a little reserved in his heart, felt embarrassed, but the expression on his face did not change. He continued to pour wine for the handsome Second Young Master Tang with a smile, his smile was like a spring breeze: "Young Master Tang, I understand, I understand. .How much do you plan to redeem?”
Tang Jiacheng was a little embarrassed and said: "I plan to redeem them all. Mr. Song, I am really sorry. I am too tight on money at the moment and I have sold two houses."
How many?
Song Yao felt his heart tremble slightly, and the wine bottle in his hand was frozen in mid-air. He didn't even notice that the wine glass was full, and the fragrant Maotai liquor was being poured on the wine table. how so? The relaxed mentality he had just come out of the company was gone, and he felt like he had been slapped in the head! It felt like someone had stabbed me in the back, and my heart felt chilly.
Feitian Moutai spilled on half the table. Song Yao came to his senses and quickly put down the bottle. He tried hard to maintain the smile on his face and persuaded: "Master Tang, can you redeem the 60 million U.S. dollars in one go? This year is a In the bull market, I can privately promise that this year’s return rate will not be less than 30%.”
Tang Jiacheng sighed inwardly and refused: "I'm sorry, Mr. Song!"
"It's okay, it's okay! You know the rules of redemption."
"I know. It will arrive within three days. The handling fee is 1%."
"Okay. You can redeem it online. There will be no problem on my side. That's it for today."
"Um."
Song Yao held on to his dignity and sent Tang Jiacheng to the door of the box. But when he shook hands and said goodbye, his right hand was trembling slightly. One-tenth of the two funds combined! This will kill Dayuan Investment.
Tang Jiacheng came out of Sinan Mansion and looked at the silky drizzle in the night sky, as well as the bustling street lights, buildings, and busy traffic, and couldn't help but sigh.
Song Yao's embarrassment was witnessed by everyone in the audience as someone who had experienced it and personally stabbed him. But he actually didn't have much ridicule or disdain. But I think Song Yao's reaction is natural and normal!
He and his mother, who currently runs the Tomson Group, went to the Yuntu Villa in Beijing to visit Mr. Jing. The meeting left a lasting impression on him. Mr. Jing, who was less than 30 years old, looked ordinary in appearance, but his awe-inspiring demeanor put a lot of pressure on him.
He felt as if he were meeting an emperor. His mother was humble and accompanied by a stunning beauty. Only then did I understand this matter.
The reason was simply that the CEO of an entertainment company he had invested in and a former gold medal producer in Hong Kong offended Mr. Jing! The gold medal producer ultimately committed suicide.
Therefore, Song Yao was highlighted in meager headlines for four days. Who didn't know that this was a declaration of war? How dare he, Mr. Tang, continue to do business with Song? He's not crazy! In fact, few people dare to force Jing Gao to come here!
The redemption wave of Dayuan Investment will come soon!
