Tycoon: I Have an Unlimited Modifier novel Chapter 399

Chapter 399: Chapter 207: With a God’s-Eye View, How Could I Possibly Lose?

Wang Han didn’t stand on ceremony and followed Qi Sheng into the back of the Phantom.

As for Huang Zhaoqi, who needed to come along to handle the paperwork, he naturally had to ride in Wang Han’s Bentley Mulsanne.

Even a Bentley Mulsanne was a luxury car worth several million.

For a regular employee like Huang Zhaoqi, it was something completely out of his league.

...

Inside the car.

Qi Sheng took a bottle of Louis Roederer champagne from the mini-fridge.

After opening it, he poured a glass for himself and one for Wang Han.

Qu Man didn’t like to drink, so he didn’t pour her any.

Wang Han sat in the comfortable airline-style seat in the back, gazing at the starlight headliner above.

Gently swirling the champagne in his glass, he couldn’t help but feel a little emotional.

"Tsk, tsk. A Phantom, through and through. What girl wouldn’t love this starlight headliner?"

It was just like the joke online.

You used to think the girl of your dreams loved the stars.

But it turns out, she loves the starlight headliner of a Rolls-Royce.

"With President Wang’s resources, buying a Phantom should be no trouble at all."

Qi Sheng crossed his legs comfortably, also sipping the champagne in his glass.

"I can afford it, sure, but there’s just no need."

Wang Han shook his head with a smile. "President Qi, has the Banyan Tree Group ever considered fundraising? I happen to have some spare cash on hand."

"The Banyan Tree Group is in good financial health and has no short-term need for external financing."

Qi Sheng politely refused without a second thought.

"That’s a real shame."

Wang Han was a bit disappointed, but he understood Qi Sheng.

If he had a hotel group like that, he would definitely hold onto it tightly and not give anyone else a chance to get a piece of the pie.

As the Young Master of the Junyao Group, a local powerhouse, Wang Han made a few calls, and the property transfer was fast-tracked.

He found a private kitchen, where Wang Han warmly hosted them.

Seeing Qu Man clutching the big red property deed, unable to put it down and looking as if she’d been dazed by a wave of happiness, Qi Sheng shook his head helplessly and continued to exchange toasts with Wang Han.

After a few rounds of drinks, Wang Han heard that Qi Sheng had started a venture capital firm.

Moreover, he’d poached a top gun from Blackstone to run it, which immediately piqued his interest.

"Ah Sheng, this Jinshi Capital of yours, how much are you looking to raise?"

"The tentative target is 5 billion. I’m personally contributing 1 billion, and we’re raising 4 billion externally."

"You’re putting in that much yourself?"

Wang Han was taken aback for a moment, his interest growing even stronger.

"What are your management fees and carry (performance-based cut)?"

Qi Sheng didn’t seem to mind, casually explaining Jinshi Capital’s fundraising model.

"We’re running a short-term fund with a five-year duration."

"If the DPI is less than 1, we waive the management fee and guarantee our limited partners a minimum return dividend at a 12% annualized rate."

"If the DPI equals 2, we charge a 2% management fee and a 20% carry."

"If the DPI equals 5, we charge a 5% management fee and a 50% carry."

"If the DPI is greater than 8, we only charge a capped 8% management fee and an 80% carry."

After hearing Qi Sheng’s explanation, Wang Han’s jaw dropped in astonishment.

Generally speaking, a DPI (Distributions to Paid-in Capital) of 1 meant that the LPs (Limited Partners) had just gotten their initial investment back.

Only when the DPI was greater than 1 did the LPs see any excess returns.

But in reality, the vast majority of VC firms struggled to even reach a DPI of 1.

"Ah Sheng, are you really that confident in yourself?"

"Of course."

Qi Sheng laughed and retorted, "If I wasn’t confident, why would I be in venture capital?"

"Haha, that’s true."

After laughing, Wang Han fell into deep thought.

Qi Sheng didn’t disturb him, instead whispering quietly with Qu Man.

From the blush on Qu Man’s face, it was easy to see that Qi Sheng’s request had made her a little shy and flustered.

A few minutes later, Wang Han finally made his decision.

"Ah Sheng, Brother Wang is entrusting this 500 million to you!"

Putting up this 500 million would leave Wang Han with only a few luxury mansions and just over 70 million that was on its way.

"Brother Wang, are you sure?"

Qi Sheng was also surprised, looking at Wang Han with some astonishment.

"Haha, I trust in your abilities, Ah Sheng. My 500 million is safe with you."

"This is the first time I’ve ever heard of a gambling-style fundraising model like this. It shows you have confidence in yourself."

Wang Han said with a chuckle, "And in the worst-case scenario, you can still give me a 12% annualized return, which is way better than any wealth management product I could buy."

"Then here’s to us making a fortune together!"

Qi Sheng smiled, extended his hand, and shook Wang Han’s.

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