LP's classic story: What did he earn by losing money?

Author: Wang Qiji

Source: GPLP Rhino Finance (ID: gplpcn)

Recently, GPLP Rhino Finance encountered a very typical conversation, in a tea room, two LPs began to complain.

At first, GPLP Rhino Finance did not believe it, however, after listening to it for a long time, GPLP Rhino Finance found that this water is really deep.

LP A: Recently I scolded a certain GP who came to raise money out of my office.

LP B: I also scolded the third-party agency that served me.

LP A: The GP I invested in is really too hateful, ten years, actually said that the extension is extended, and there is basically not much return, and now it is necessary to raise funds from me, how is it possible? What's going on with you?

LP B: I am a GP who indirectly invests through a third-party institution, and it seems that I have heard that the income of a certain fund is not bad, but there is still no money in my hands, and the third-party agency says that it can only take fixed income.

LP A: It's so disgusting, the GP I invested in is also calculating this revenue sharing problem with me, the character is too poor, I now tell these friends to go, the money is theirs, the loss is ours, it is simply shameless.

LP B: Go, let's go together, I also told the friends in the circle to go, they actually want to raise funds, no way.

What's going on here? How will this singing play be performed next? Let's move on.

What happened to an LP: I don't invest in anyone's fund

This is a real event.

LP A is the owner of a small factory.

Assets once exceeded 100 million, and there were several houses.

In 2015, under the temptation of a third-party agency, LP A invested 30 million into a project fund.

Who knows, after investing three years later, in 2018, the LP is desperate.

Originally a privatization project, the exit and investment time were clearly stated, however, after the investment, neither the fund nor the third-party institution was executed in accordance with the contract, and when it was time to withdraw, there was no exit, and there was no exit at the high point, and finally it could not be withdrawn at today's low point.

Just when something happened to the factory at this time, he urgently needed money to deal with things, the result can be imagined, the third-party agency ignored it, the fund could not be refunded, and it was more difficult for LP A to take his own money.

Although the matter was successfully resolved later, after this incident, LP A thought out the matter of investment and financial management, that is, you can't trust anyone, as long as you invest money, the money is not yours.

"Now all kinds of funds are crazy looking for me to buy products, receiving dozens of calls a day, and even people with various relationships have come to raise funds, including the projects of good friends, I am now two words, do not invest, no one's funds do not invest, money in their own hands to manage is reassuring." Although many products do not understand, but now LP A began to learn everywhere, what is going on is now clear in mind.

LP B's Annoyance: Angry but sued the GP to the court

Once LP B and a certain GP were college classmates, a teenager became a talent, intelligent and abnormal, the other is diligent and hardworking, hard work, abnormally good.

Later, ten years later, they met again, the fate of the two people is not bad, one became an investment tycoon, the other is a successful entrepreneur, became a billionaire, and the classmates who were unusually good met again after many years, they met and hated each other later.

The two sides often discuss until two or three o'clock in the middle of the night, either discussing history or discussing macro trends, which makes the wives of both sides envious and jealous, but they cannot be refuted, who does not have a few good friends and classmates?

LP B envied the erudition and shrewdness of GP students, and GP students also envied the wealth of LP B, so after several games, LP B became the LP of GP students, investing 20 million yuan into the second phase of the fund.

This may be the beginning of a "kiss and kiss".

However, what no one expected was that for this 20 million, two good classmates parted ways later.

What's going on?

Originally, the total size of the fund was 300 million yuan.

A total of 6 projects were invested.

You say that the difference in investment is not complete, after all, it is also a late-stage project, and it is not bad.

LP B also probably knows which projects to invest in, and he also roughly calculated that he can probably double the return.

Then it's okay to calculate an annual yield.

So, he was full of expectations and prepared to divide the money at the end of 2018 and then send his daughter to study abroad.

However, not only did he not get a share of the money, but he was also told that a part of the share that belonged to the LP was gone.

The share depends on one of the listed projects they invested in, which is the most profitable of the six projects, coinciding with the lifting of the ban in June 2018.

However, GP college students not only did not lift the ban, but also locked in a certain price below the market to unblock.

At first, LP B did not pay attention to it, and later, other LP friends told him that this is because of this project, the share of LP is much less, because the price of this project is a watershed, high to be distributed to LP, low is not to divide carry.

"This is all calculated on the heads of the classmates?" LP B was extremely uncomfortable and sad for a long time.

After several fruitless communications, he eventually took his GP college classmates and their partners to court with other LPs.

Since then, when someone mentioned investing in a venture capital fund with him, LP B went up and said too much, he began to scold, and since then he has been quiet a lot.

The reason was that there was no him, and the sad thing he didn't want to experience a second time.

The sadness of LP C: you can only take fixed income when you make money

It was a coincidence that LP C did LP.

One day, I accompanied a friend to buy something, and when i was pulled by a friend to a third-party agency to see the product, I bought a certain share of a fund by the way.

As a result, LP C hit the luck, and the fund happened to invest in a unicorn project, and then the unicorn project went public in 2018, which made the fund very profitable.

LP C was also excited.

She is looking forward to the arrival of dividends.

As a result, when the LP communication meeting was scheduled, LP C was told that she could only obtain principal and interest according to 10% of the fixed income, and the excess part was the excess return of the fund manager, and they could only take the fixed income as an LP.

LP C suddenly fainted.

Later, when she communicated with her friends, she learned that many of her friends had lost money, and she was really lucky, but even if she made money, she could only get a part of the fixed income.

This made LP C sullen and indignant, "Take our money as our family, make money to count theirs, lose money to count ours, why?" ”

So the story began to spread among LP C's friends.

They also began to organize a fund, although LP C did not understand much, she also knew that she did not understand, but she felt very happy to be busy all day.

"Just to understand the outside world, the specific investment of money is also very clear, many of my friends invested in a certain fund, this money is not in the hands of the project, nor in the hands of the GP, the specific money where to go do not know, so we are better off doing it ourselves, we think we are unlucky." LP C often communicates with his husband about projects, which actually enhances the relationship between husband and wife, and it is also an unexpected ending.

Perhaps this is just the tip of the iceberg, GPLP Rhino Finance will gradually show you the story of LP in the future.