My Age of Investment
One thousand three hundred and sixty-eight, impact investing
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At the headquarters of Fuxing Industrial Group, Xia Jingxing was receiving two unexpected guests.
One is Jack Ma, and the other is Yu Feng, the founder of Juzhong Media.
Needless to say, Jack Ma is an old acquaintance.
Yu Feng and Xia Jingxing had met once or twice because of a series of acquisitions such as "Focus Media's acquisition of Frame Media and the acquisition of Juzhong Media", and they were not strangers to each other.
After Xia Jingxing invited the two of them to sit down, he ordered two more cups of tea, and then started chatting cordially with them.
"Daerun, I won't be polite to you. I'll get straight to the point."
Ma Yun quickly explained the purpose of his visit. He came specifically to launch Yunfeng Fund, hoping that this fund would be supported by Xia Jingxing.
After listening, Xia Jingxing did not directly answer whether it was okay or not, but smiled and praised the prospects of Yunfeng Fund.
"Lao Ma, you bring together a dozen well-known entrepreneurs and set up such a large-scale PE fund with great fanfare.
Not talking about others, just me, I was shocked by your generosity.
Half of China's business community has been pulled into your team, forming a terrifying network of connections and resources that the investment community won't even let you get through.
If I were an entrepreneur and saw such a well-established fund, I would do whatever it takes to become a shareholder.
There are also excellent fund managers who may be eager to join Yunfeng Fund. "
Ma Yun looked at Xia Jingxing with a smile. Even financial tycoons are optimistic about the development of Yunfeng Fund. This means that he has taken the right step, investing in innovation and excellence! Who would think too much money is too hot?
Yu Feng rarely interrupted and watched the two people's conversation quietly from the side.
He and Jack Ma had known each other a few years ago, and they got along very well after they met.
Two months ago, on a cruise ship in West Lake, he chatted with Jack Ma about investment topics that were often discussed. Then the conversation got deeper and deeper, and finally they talked about the gap between personal investment and institutional investment.
Jack Ma has also made some personal investments in recent years, such as investing in Zhongqi Film and Television founded by Huang Huazhong brothers.
Yu Feng also achieved personal financial freedom after selling Focus Media, and he also made angel investments when he had nothing to do.
Both of them were envious of Vision Capital's organizational and systematic approach to institutional investment, and felt that this could never be matched by individual angel investments.
Angel investment can only invest in some early-stage startups. When entrepreneurs see the names of two successful entrepreneurs, Jack Ma and Yu Feng, 80% of them will not refuse investment.
But some larger startups that have passed the early development stage may not buy it.
Except for money and so-called "experience guidance", successful entrepreneurs cannot bring any systematic help to the company, and these are precisely the advantages of professional investment institutions.
Therefore, if you want to expand your investment career, even a successful entrepreneur must choose to build a professional investment institution.
In this regard, Xia Jingxing has already paved the way for countless people, so just copy the answers.
Ma Yun and Yu Feng are both the kind of people with ideas, so after a conversation, they came up with the idea of collaborating to create a PE fund.
In order to ensure the success of the fund, the two have been contacting well-known domestic entrepreneurs in the past two months.
A large number of well-known entrepreneurs, including Mr. Liu of New Hope, Mr. Shen of Yintai, Mr. Shi of Taitan, and Mr. Wang of Five-Star Electric Appliances, are all very interested in Yunfeng Fund and have expressed their willingness to participate in the fund.
Of course, the two of them have not forgotten Xia Jingxing, who is currently the leader in the domestic business community.
Ma Yun and Yu Feng had certain differences on whether to recruit Xia Jingxing to join the team.
Yu Feng believed that Xia Jingxing's status and wealth were far beyond those of ordinary rich people, and it would be easy to overshadow him by bringing him in.
And Ma Yun felt that Xia Jingxing's structure was very big, and he looked down on Yunfeng Fund, a fund that had not yet been formally established, so naturally he would not come to compete for the dominant position of the fund.
The two were at a stalemate for a while, but in the end Ma Yun's opinion prevailed, and today's scene happened.
Xia Jingxing is no longer the same Xia Jingxing back then. Over the years, he has climbed countless business peaks and seen countless scenery that ordinary rich people cannot see. He has little interest in participating in Yunfeng Fund, the top PE fund in the country in his previous life.
After all, he is just an ordinary LP and cannot give orders to the fund.
However, considering the size and influence of Yunfeng Fund after it has grown, its existence cannot be completely ignored.
It would be great if this power could be used for one's own use!
The worst is to lead the old horse to the right path and invest in semiconductors with him.
Thinking of this, Xia Jingxing decided to teach the old horse a lesson.
"Lao Ma, after the establishment of Yunfeng Fund, making money will definitely not be a problem.
But besides making money, have you ever thought about realizing some personal ideals and achieving some feelings for your family and country through funds? "
Ma Yun scratched the back of his head and looked at Xia Jingxing with a puzzled expression, not understanding what the connection was.
Yu Feng looked at Xia Jingxing in confusion. Isn't the purpose of investment funds to make money?
Xia Jingxing noticed the confusion on the two people's faces and explained their confusion: "There is a concept in the fund called "impact investment". I wonder if you have heard of it?"
Ma Yun was confused. Although he claimed to be very talented, he really didn't know much about the various ins and outs of the investment industry. After all, his main business was not this, and he had never studied finance specifically.
Yu Feng is not a professional investor, but after deciding to start a new business in the investment industry, he has gained a lot of knowledge in the past two months and vaguely remembers some explanations about impact investing.
“Mr. Xia, is the impact investment you are talking about venture philanthropy, or social investment?
For example, the Grameen Bank founded by Professor Yunus is a venture philanthropy investment. "
Xia Jingxing glanced at Yu Feng with admiration, nodded and said, "Yes, that is a typical case, but it is not comprehensive!
Last year, the Rockefeller Foundation first proposed the innovative investment concept of impact investment, advocating that capital do public welfare through economically beneficial investments.
I once communicated with Mr. David Rockefeller, the third generation head of the Rockefeller family. He told me that the Rockefeller Family Foundation is in contact with JP Morgan to define impact investing as an asset class.
In this regard, developed countries that pay more attention to capital return rates are ahead of developing countries. "
Ma Yun had understood at this time, and decided to win back a victory for himself, saying, "Is this equivalent to the ancient concept of "equalizing justice and benefit"?"
Xia Jingxing smiled and nodded, "You can understand it that way! In modern language, it is to improve the livelihood of the lower class in developing countries or to achieve positive social and environmental effects through investment behavior.
In terms of specific investment industries and investment objects, they mainly focus on the environment, housing, basic education and health industries that are closely related to people's livelihood. "
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