In the office on the fourth floor.

David Mellon also informed Abel that the $50 billion private placement had been fully subscribed.

Abel's view on this is actually the same as David Komanski's.

Abel also knew that this intention to subscribe was all false before the money was credited to his account.

Therefore, Smith Capital's approach is also very realistic, which is to continue to recruit external investors like other private equity funds.

In many cases, the subscription intention and subscription amount can often exceed the actual private placement amount.

For example, a private equity fund has a fixed amount of one billion U.S. dollars. When the fund manager and management company are relatively good,

If the investors agree, the subscription intention will often exceed one billion US dollars, and in some cases it will even be one or two times more.

Thinking of this, Abel said:

"Let's announce our plan to recruit investors. Smith Capital's seventh private placement is officially established. At the same time, tell investors that it's first come, first served. This time is the same as the previous three times. We only need 50 billion US dollars."

"Understood." David's reply was simple and quick.

The CEO of Smith Capital can be said to be the person in the entire Wall Street who trusts the investment ability of his company's chairman the most.

In this regard, on the afternoon of June 30, 2001.

Smith Capital, which has begun to be regarded as the sixth largest investment bank on Wall Street, announced the company's seventh private placement plan.

The private placement amount is US$50 billion.

The principal manager of the fund is Abel Smith.

The management team includes CEO David Mellon,

Two presidents, Jed and Melio,

and a dozen other Smith Capital elites.

The minimum subscription amount for a single person is US$1 million, with no upper limit.

First come, first served, whoever's funds arrive first and whose contract is signed first will be the winner.

At the same time, Smith Capital also announced the names of dozens of Wall Street institutions that had subscription intentions and signed letters of intent through the American Sun, the Wall Street Journal, and the TV station AMC.

Open this list, the richest people in America.

They will find that any of the names above are Wall Street giants or American financial giants——

Berkshire Hathaway, PNC Financial Services Group, Citibank, Fidelity Investments, Wells Fargo, Goldman Sachs, Lehman Brothers, JPMorgan Chase & Co., JPMorgan Stanley

That night, Abel was accompanying Ikana.

Ikana’s father’s phone call came to Ikana.

Ikana answered the call, and after listening for a few minutes, she reluctantly handed the phone to her boyfriend next to her.

"My father is looking for you. He wants to invest in Smith Capital's seventh private placement, and he blames me for not informing him earlier."

"Oh my god! I never care about your business matters. It's not like he doesn't know. His blaming this time made me very unhappy!"

Ikana complained to Abel about her father.

Abel smiled and said: "Are you really unhappy? Then let me help you take revenge on him. If I refuse his investment, does this count as revenge on him?"

Ikana was speechless, and then said coquettishly: "If that's the case, my father probably won't let me go back to Tedlena Building in the future!"

"Haha~"

Abel laughed, hugged Ikana and pecked her on the mouth.

Then he took her cell phone and started chatting with Ted Lerner.

As soon as he opened his mouth, Abel interrupted Ted Lerner's intention to understand the private equity fund.

Abel spoke first:

"Hey, dear Ted. How's your chat with Michael Jackson going? I read the latest news. In two days, Michael will go to court with Sony again."

"I asked him. He was hesitant." Ted Lerner said: "Let's not talk about it yet."

"Let's talk about this first." Abel said with a smile:

"That's MJ. God knows how much I want him to come to my company. Then I can tell others that I am MJ's boss. Don't you think that's cool?"

Ted Lerner had no choice but to whisper:

"It's really cool. But Abel, that's what Michael is like. He seems very gentle, but God can't change his mind about what he believes in."

After saying these words, Ted Lerner probably knew that Abel was deliberately tormenting him like this.

Ted Lerner did not give Abel this opportunity, "But don't worry, I will continue to talk to him. This is something that will happen later. But Abel, I think we should talk about private equity."

"$150 million."

Abel said directly:

"I will give you a quota of 150 million U.S. dollars. You only need to come up with 130 million U.S. dollars. I will make up the remaining 20 million U.S. dollars for you."

"Then what's the price?"

Ted Lerner hesitated.

Wall Street or New York are saying that Abe Smith is very generous and his money is easy to get.

But after taking his money, you have to show off, otherwise

"The price is that in the future, no matter what happens to Ikana and I, you don't care. And you can't talk nonsense in the media."

Ted Lerner gets it.

Abel is paying himself hush money, which is as high as 20 million US dollars.

At this time, Ted Lerner did not know that his daughter had been pregnant by someone.

Ted Lerner was very smart, and he guessed that Abel must have a reason for doing this.

Twenty million US dollars is definitely not that easy to get.

But what does that have to do with Ted Lerner?

D. Ikana Lerner is Ikana.

D. Ted Lerner is Ted.

If you just ignore Abel and Ikana's affairs, you can get 20 million US dollars in vain.

Ted Lerner wouldn't take no for an answer.

"I agreed. But I don't have 130 million US dollars in cash yet. I don't need so much quota. Can I give up these quotas to others?"

"Of course it's no problem." Abel said with a smile.

"That's OK. By the way, Abel, I heard that the closure period this time is two years?"

"Yes."

Smith Capital’s first, second and third private placements all had a closing period of only 180 days.

This is an incredibly short period of confinement.

For this seventh phase of private placement, Abel has raised the closing period to two years.

Investors can understand. After all, the private placement amount this time is as high as 50 billion US dollars.

Private equity management of US$3 billion and US$50 billion is still difficult to make a profit, which is obviously different.

In fact, the two-year closed period is already terrifyingly short.

Normally it's five, ten, or fifteen years.

To exaggerate, it could be twenty years, twenty-five years, or thirty years.

A two-year closed period for a private placement with such a large amount of capital.

If it had been managed by someone else, Wall Street would never believe it.

Now it's Abel's turn, and he has the previous 180-day closure period as a foreshadowing.

Wall Street, including other investors, has a feeling of approval.

Of course, these are just simple expressions.

When the contract is signed, there will be a large number of clauses that are as detailed as decimal points after 0.00001.

There are so many PricewaterhouseCoopers and other similar companies on Wall Street that rely on accounting and financial calculations and financial laws to make a living.

Among these companies, four are already among the top ten private companies in the United States.

This proves that legal traps and contracts relying on legal loopholes cannot exist when both parties on Wall Street are short of money.

Being able to sign a contract proves that both parties are satisfied with it.

This is also the reason for the existence of accounting and actuarial firms such as PricewaterhouseCoopers, which are also the backbone of Wall Street.

Hang up on Ted Lerner.
To be continued...