在客户资金分散后，发行公司的资金去哪儿，成为私募基金交易商赚钱的新途径。Securities Times reporter learned that some private fund dealers have developed a new business model to help fund allocation companies apply for private placement license.To put it more simply, in the past, fund dealers helped distribution companies find inferior funds, but now they help distribution companies find preferential funds.
Some upstream fund wholesalers (commonly known as “fund second dealers”) who used to provide poor funds for allocation companies are now transforming into so-called “master fund suppliers”.
”If the funding companies want to transform, upgrade and develop, they can join our master fund and become new members of our master fund”.This is the investment promotion information circulated in some funding wechat groups.The specific services provided include: free application for private fund license; free design and distribution of sunshine private fund products; low interest lending funds, with priority funds of as low as 4% annually.
A sales manager of an upstream capital wholesaler told reporters that the priority funds in his so-called “master fund” are actually bank funds, which can be matched with inferior funds by 1:2, 1:3 or 1:4, depending on the actual needs of customers.The sales manager did not disclose whether the bad money was self owned or borrowed from other sources, or privately raised.
”This is the same nature as the trust fund model.It means that the allocation company takes a sum of money from the upstream fund side, the bank fund is used as the priority share, the upstream fund side’s loan funds, or the allocation company’s own funds are inferior, and the two funds constitute a structured fund pool.The fund pool is redistributed to the independent fund account of sunshine private equity fund, and the allocation company rents out the account to the allocator, “a former allocator who did not want to be named told the securities times.
At the same time, he also told reporters: many funding companies began to switch to sunshine private placement, although the supervision does not allow off-site funding, but “there are still flexible ways.”.
Most people wash their hands in gold pots
Compared with a small number of fund allocation companies who are still in the gray area with new clothes or ways, some large-scale off-site fund allocation companies have left the old business completely.
”Since the cut-off of bank funds, the cost of private capital is so high, and the stock market is hard to be optimistic, so the current situation is: the investors are afraid, and the allocators are also afraid, and the market supply and demand determines that the allocation can not be repeated on a large scale,” he Jinping, CEO of Boying wealth, told reporters.