Chapter 22 Baihui Capital

Author: TrojanRW

Chapter 22 Baihui Capital

I ate it slowly until three o'clock in the afternoon, and then drank two cups of tea in the sun, and it was time for Xu Yiru to leave.

EVA Airlines BR011 direct flight from Los Angeles to Taipei will take off at 00:05 the next day and arrive at Taoyuan Airport after a 14-hour and 40-minute flight. Most international passengers across the Pacific like to choose this kind of flight that can fly at night and during the day to help them adapt to the time difference across the ocean as quickly as possible.

Logically speaking, Xu Yiru can set off again at 8 o'clock in the evening. Even if the road is blocked for an hour, there is still plenty of time to board the plane. However, the two sides of the Taiwan Strait belong to the same lineage, and the family culture is no different. If anyone comes back from abroad without bringing gifts, or has no relatives asking to help buy something, it is really a strange story in the world.

Xu Yiru wanted to stay in Belaire for a while, but the long purchasing list in her hand was even hotter than a time bomb. She could only choose to set off at 4:30, hoping to avoid the surging crowds of people traveling on spring break.

Almost every holiday, she would go home, as long as she was still in Los Angeles, Han Yi would always ask to take her to the airport, but Xu Yiru never really let him walk in front of Tom Bradley International Terminal.

Xu Yiru is a person who is afraid of trouble for her friends. She would rather drag a few boxes of luggage to wait for a late taxi under the scorching sun than let Han Yi, who was already idle, take her away for a ride.

My mother taught her since she was a child that when a girl was away, she must not owe favors, because no one would give her favors for nothing. The favors you receive will always be repaid in unexpected forms.

But today, for the first time, Xu Yiru actually spoke up.

"It's hard to call a taxi here, let me see it off."

When the two drove P1 out of West Sunset Avenue and turned left to enter the I-405 expressway leading to the airport, it was already 5:00 and 3:00 in the afternoon. Not only the students who were having spring break, but also the working people who were getting off work gradually joined this Chehe River, which was beyond the end.

When he marched to the West Garden Shopping Center in Culver City, McLaren changed from moving to squirming. However, Han Yi found that even if he was blocked, the space around him was obviously much larger than when he drove a supercar on the road.

After all, no one bought insurance on this highway to compensate for this car.

It took her an hour and twenty minutes to arrive at LAX, but Xu Yiru was not tired at all. She chirped like a bird along the way, and sometimes she wanted to bring Mingyuetang and fruits to Han Yi, and sometimes she wanted to let Han Yi remember to go to New York to promise her Dean & Deluca.

When he got off the car, Xu Yiru took out a book from his backpack and handed it to Han Yi.

"Here, I lend me a thank you for that book."

Han Yi took the book and took a casual look. An English novel, Colleen Hoover's "Frank Confession".

"I can't read the novel, you don't know." Han Yi grabbed his head and laughed silently, "Especially this kind of love novel."

"You must read it! It's very well written!" Xu Yiru glared at her, passing on the intimidation message. With Han Yi's help, she took out a small white Rimowa suitcase from the front cover of the P1 car. Fortunately, she only went back for seven days this time and didn't have much to bring.

"Okay, go back! Thank you!"

Walking to the gate of Tom Bradley International Terminal, Xu Yiru turned around and smiled like a flower.

"See you in a week!"

"Remember to tell me when you arrive in the lounge." Han Yi waved at her, "Don't forget what I ask you to bring!"

"Yeah! I'll send you a message." Xu Yiru shook her phone, "I remember everything in it, don't worry!"

Back in the car, Han Yi sighed and carefully placed the book "Check" along the back of the passenger seat, without any intention of opening it for the time being. Not only was the reason why the island roundabout on the second floor could only be temporarily parked for ten minutes, but there was another important thing in his heart.

The $39.5 million purchased for the property has been allocated to the developers at 864 Stratella Road, Jonathan Adler and Jo Ingranov, as settlement fees, all of which have been paid. At this time, Han Yi's Chase private bank account was still $118,35,424.47 left.

The last payment message was sent to Han Yi's mobile phone at 15:26 this afternoon. But now it is 18:34. Not only does the text message have no movement, but there is not even a new text in the memo.

Didn’t this consumption produce any positive feedback?

Not so?

It seemed that they heard Han Yi’s inner thoughts. The next second, their new information appeared in the memo interface that was opened.

[When others are present, we will delay the time of the rewards to avoid unnecessary misunderstandings.]

[Han Yi, congratulations on completing the first ten million US dollars in your new life. If a person finds his true self, he owns a mansion where he can live with dignity for life. I hope James Mitchina's words will inspire you. I hope that 864 Stratella Road can become your base for progress and help you build a mansion for your career as soon as possible.]

[Through modest learning and keen thinking, you have discovered the driving role of private equity funds. In your career planning, it will play an indispensable role. This time the gift will be distributed in the form of private equity funds.]

[A minute later, you will receive a call from Baihui Capital. Stay natural and agree to his request for meeting. More information will be revealed in your meeting.]

[Remember that funds rewarded by private equity fund channels can only be used for investments related to business planning. Unauthorized use will result in deduction of all rewards so far, and the portion exceeding the existing amount will appear in the form of liabilities.]

[Rewards for career investment will be calculated based on the dual standards of personal emotional feedback and return on investment value. Even if a completely failed investment makes you happy, there will be no reward in the end, and it will even make you punished.]

[Personal emotional feedback will be calculated and rewarded in real time after the investment is completed. The return on investment value will be based on the financial quarterly report date of the investment target in the real world as the settlement date, and will continue to accumulate or deduct it.]

[Wish you good luck, Han Yi, and enjoy the fun of investing.]

【Three, Two, One.】

“Don’t Stop Believin’…”

“Hold on to the Feeling!”

“Hello.”

"Hello, Mr. Han. I am Douglas Le Pen, senior managing director of Bohui Capital. I hope you have just had a pleasant afternoon."

"I hope you have a pleasant afternoon, Mr. Le Pen."

"Do you have time tomorrow morning? If it's convenient, I hope to bring a few colleagues to visit you..."

"Mainly to discuss with you, your upcoming $140 million investment."

OH,

MY,

GOD.

The emotions of surprise echoed in Han Yi's heart like a heavy drum ringing in the secret room. Even though Sophia cared for him to refresh herself, Han Yi's eyes, who had only slept for more than two hours, were still full of fatigue.

"I hope we haven't disturbed too much, Mr. Han."

Putting down the double espresso in his hand and sitting on the black Fendi sofa in the rest area of ​​Stradella 864, Douglas Le Pen observed Han Yi's condition and said with a smile.

“A wonderful night?”

"A night of insomnia." Han Yi yawned uncontrollably, shook his head and laughed, "I think no matter how soft the mattress is, there will be a painful running-in period."

"Ah, yes, I've never been used to my bed in that apartment in New York. It's disinfected every month, but I still feel like I'm crawling with bedworms when I sleep."

After the right greetings, Douglas Le Pen quickly got to the point.

"Mr. Han, please allow me to introduce you to the two managing directors of California, Vincent Di, and Kanyong Liu.."

Good guy, this is what you play the national card.

Han Yi complained in his heart, but on the surface he kept a polite and decent smile and nodded slightly to his two compatriots.

"First of all, I would like to express my gratitude to you and your family for their trust and loyalty to us on behalf of Vincent, Kanyon and all colleagues of Bohui Capital."

"Since the first cooperation in 2006, we have selected six high-quality private equity fund projects for you today. The total asset value you have entrusted to Baihui to manage has reached US$340 million."

2006?

$340 million?

How much did they still bury them, and how long did they start burying them?

Han Yi changed his seating position, placed his right hand on the handrail, and used a slight tap to relieve his inner shock. He almost couldn't control his expression just now.

US$140 million is about to expire, which should be the special reward dedicated to investment. The consumption of US$39.5 million should be almost 3.5 times the return if converted.

Of course, because this money can only be used for investment and the evaluation standards are more stringent, the actual value is definitely not as good as cash that can be controlled at will.

In addition, the 200 million US dollars within the agreed time limit means that if the investment is done properly, he will unlock the money as the next business fund?

Be bolder to guess, if the company you invested in can be prosperous, will the $200 million be considered a starting point?

In just half a day, Han Yi, who was worried that the purchase price of 40.82 million yuan was wasted, all the money he could see soared to 525 million US dollars.

Too exciting!

Of course, the $140 million has not yet been put into the pocket, and the $200 million is a long-lasting castle in the air. Han Yi must make some achievements in the career he planned to truly master this new wealth.

At present, the cash he can freely dispose of is only $11.835 million left.

Thinking of this, Han Yiqiang made himself cheer up and listened carefully to Douglas Le Pen's speech.

"On April 15, 2006, we opened a FoF with a fundraising target of US$400 million, and the registered address of Bohui Private Equity No. 3 investor fund was registered in Irvine. The first phase raised US$191 million includes US$83.832 million invested in your personal name. The second and last phase raised ended on May 4, 2007, and once again absorbed US$209 million in funds and successfully achieved the goal.

"According to the fundraising statement of Investor Fund No. 3, the fund's investment cycle is 6 years and the exit cycle is 4-6 years. The first batch of investors' exit cycles in 2006 were basically 4 years, including your investment."

"So, on April 15 this year, we will repay you the full investment amount, including the investment income generated in 10 years as scheduled. Mr. Han, the total investment income of the Investor Fund No. 3 is 67%, which also means you can get $139.9 million in cash next month."

"We attach great importance to valuable customers like you, and we also hope that Bohui Capital can continue to bring you extraordinary value across eras and cycles like the No. 3 Investor Fund." Douglas Le Pen's speech just fell, and Vincent Di, who was responsible for front-end fundraising, took over the conversation.

"This year we are recruiting the last group of investors from the Investor Fund No. 8. We want to invite you to continue to be a member of the most exclusive customized financial management plan of Baihui Capital..."

Listening quietly as Vincent's description of Investor 8 Fund, Han Yi recalled in his mind about the situation of Baihui Capital and Investor 3 Fund that he collected last night.

Bohui Capital, founded by Douglas Le Pen and two partners James Reinhart and Karen Jacobbe in 1991 in the then rapidly developing Irvine region. To this day, the capital management company has become one of the largest private equity fund managers on the West Coast, with four branches in Irvine, Hong Kong, London and Rhode Island, with a total amount of funds under its management reaching US$85 billion.

Baihui Private Equity No. 3 Investor Fund is a FoF project regularly launched by Baihui Capital. FoF, i.e. Fund of Funds, refers to the type of fund that specializes in investing in other private equity funds. This type of fund will not select high-quality projects in the primary market, but will choose to invest in other private equity funds with better performance.

According to the information that Han Yi could collect, there are 14 investors in the No. 3 Investor Fund. Due to the special nature of the private equity fund, the identities of these 14 investors, including Han Yi himself, do not need to be disclosed to the public. However, according to the information on the official website of Baihui Capital, investors of the No. 3 Investor Fund, including government pensions, group pensions, donated funds received by insurance companies and universities.

It is not difficult to guess that Han Yi should be one of the few individual investors in this private equity fund. Judging by the amount of investment, he should also be the largest individual investor.

Therefore, it is not surprising that Douglas Le Pen will visit him in person. Han Yi originally had US$340 million in assets at Baihui Capital, accounting for 0.4% of the total assets under management. Personal customers of this level naturally need to be carefully maintained.

In addition, whether it is a pension plan or an insurance company, there are long-term cooperation agreements with Bohui Capital, and some cooperation plans are even as long as 35 years. After all, what these stable public capitals need most is a stable and unchanging source of income to support the effective operation of their welfare system.
To be continued...