The employees’ confusion was quickly shattered by reality.
Over the next two days, heaps of investors flooded the company.
Yes, heaps — several at once, crowded together into piles...
With the private fund managent registration not yet completed, this scene was like a third-rate YY story.
Sales manager Lan Xin instantly transford into a gofer, driven crazy by the chaos.
She then shouted to Zhao Zhongshi and Lü Shuli, "When will the managent registration be done? What about the due diligence materials? Without anything, how am I supposed to sign contracts?!"
Lü Shuli rushed past her like a whirlwind, holding a big pile of docunts, dismissively saying, "Almost done... Hey, make way!"
She was also driven crazy, as all collaborative institutions needed to review a large amount of due diligence materials. Even though it was just a formality, the workload was still substantial.
In the midst of the hustle and bustle, Liu Minghao strode into the company carrying a briefcase.
"Registration is completed!"
With just a word, the employees in the sales departnt erupted into cheers.
Han Lie erged upon hearing the news and firmly shook Liu Minghao’s hand, "Great job!"
"Indeed."
Liu Dalue smirked proudly, "We’re the first contractual private fund to get registered!"
"Aweso!"
Han Lie gave a thumbs up, complinting Liu Minghao’s boast.
Old Liu was indeed impressive.
On February 7th this year, the "Private Fund Manager Registration and Fund Filing asures (Trial)" was issued and executed, clearly defining the registration and filing system, causing the entire private equity circle in the Yangtze River Delta to wail.
Now, it is the company, not the product, nor the individual that gets registered.
Many of the regulations placed higher demands on the old makeshift setups.
Being a newly established company, with Han Lie, its legal representative, still a college student, made the registration auditing process evidently tough.
However, Liu Minghao managed to complete it with the highest efficiency, proving his real skill.
If Han Lie had done it himself, it wouldn’t be less than three months.
With the registration successful, the next step is waiting for the partners’ due diligence reports.
Such as custodian banks, collaborating banks, trust companies, securities firms, state-owned enterprises, all need to issue qualified due diligence reports to be approved for collaboration.
This is easy to understand; if they don’t thoroughly investigate your company, why would they pass internal risk control regulations to collaborate with you?
Lü Shuli and the company’s internals were busy with this task.
Things went smoothly since partners were old friends and just needed to go through the motions.
But without the network laid down by Han Lie beforehand, this step would be tough for any new private equity entrant.
days, 60 rounds of drinks — can your liver handle it?
...
As each due diligence report passed, more investors signed on.
Now, another new problem lies before Han Lie — what to na the product?!
Naming a product is quite important, especially the company’s first product, it has to be high-end and classy.
It needs to sound good, be morable, aningful, easy to spread, and stand out from its flashy competitors...
The company’s top managent held a small eting to brainstorm ideas.
In this area, Han Lie was inexperienced, so he was very cautious.
"You all are industry veterans, how do other companies usually na their products?"
Teng Hui, who had been at the forefront of the local financial circles, chuckled, "Uh... You probably can’t imagine how broad naming ranges can be..."
When the product nas from various companies were displayed on the screen, Brother Lie was instantly bewildered.
Art the — "Falling Flowers Solitude Private Securities Investnt Fund"
Bust enhancent the — "Papaya Milk Value No. 4 Private Securities Investnt Fund"
Dark the — "Qianyi Fallen Angel 123 Private Securities Investnt Fund"
Iron the — "Zhengyuan 666 Private Securities Investnt Fund"
Technology the — "Huaxia Renmin University Philosophy Departnt PPE Entropy I Academic Developnt Private Fund"
Firework the — "Jianshun Skyrocket Private Securities Investnt Fund"
Gao Shen the — "Spring Brings Green Full Garden Red Apricot No. 1 Private Securities Investnt Fund"
The group was left speechless for a while: "..."
Were the experts serious?!
Alright, the good news is there are no restrictions on naming private funds, just let your imagination run wild...
There’s also bad news — Han Lie’s mind was filled with nas like "Financial Crash Master," "Master of the Harem," "Big Stick Watchman," "Life System Brutal Guy" and other second-rate nas.
In desperation... how about naming it Consur No. 1?!
Besides possibly sounding like a 404 error, there’s nothing bad about it...
After much heated discussion, they finally nad the managed equity fund as "Supernova."
On one hand, this implies the explosive power and prospects of the product, and on the other, subtly praises Han Lie as a supernova in the dostic financial circle.
Thus, the "Supernova One Value Growth Private Securities Investnt Fund" was born.
Correspondingly, the hybrid structured fund was nad "Sky One Hybrid Stabilized Graded Fund."
With the nas of the two products settled, large-scale signing began.
Logically, the normal sales thod should be roadshows combined with partner channels’ selling.
Roadshows are for promoting the company and products, partners including brokers, trust companies, banks, and other channels, are adept at selling funds.
But for the "Supernova One," all this is unnecessary; Lan Xin just needs to be ready to receive and wait for clients to co to her.
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