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Private Placement Event! The well-known private equity Tongyuan Investment issued a joint statement that Guan Huayu, the "old master" of asset management, left his job in March, and the next step will be to establish a new company

author:Securities Times

Image source: Figureworm creative

The first big news came from the private equity circle in the new year!

On January 19, the well-known private equity Tongyuan Investment issued a statement to the outside world, confirming that the company's investment managers Guan Huayu and Zhuang Yan would officially leave the company on March 10. Guan Huayu and Zhuang Yan also issued a statement at the same time to express their gratitude to Tongyuan Investment.

Rumors about Tongyuan investment have been around for a long time, and now the dust has finally settled. For the issue of guan Huayu's whereabouts that are most concerned in the industry, according to the Chinese reporter of the securities company, the "old master" of asset management will set up a new company after leaving his post and choose to start again.

Guan Huayu and Zhuang Yan confirmed their departure from Tongyuan Investment in March

Tongyuan Investment said in a statement that after careful consideration by the company's shareholders' meeting and management and full friendly consultation with investment managers Guan Huayu and Zhuang Yan, it was determined that the two would officially leave the company on March 10, 2022. Prior to this, the company will fully solicit the opinions of all parties to ensure the smooth completion and smooth transition of all handover work.

The statement said that at present, the company's daily operation and all product operations are normal and orderly, the core investment research team is stable and has made corresponding supplements, and the overall performance is stable. The statement concluded with a thank you to two outgoing investment managers.

Guan Huayu and Zhuang Yan also expressed their gratitude to Tongyuan Investment in another statement at the same time.

Guan Huayu will set up a new company

The whereabouts of Guan Huayu, the flagship figure of Tongyuan Investment, are particularly interesting, which was not mentioned in the joint statement. According to the Chinese reporter of the securities company, this asset management "old master" will set up a new company after leaving.

"The channel has always been very concerned about the movement of the general manager, and the latest news is that he will set up a new company after he leaves his job." We also hope that his company can be established as soon as possible, and there are many old customers who are waiting to apply. After the rumors of 'separation' in the market last year, the promise given by the general manager was that he would not leave his job before March 2022, and now it seems that he has fulfilled his commitment, and his investment situation last year is also more responsible for investors. A person from the wealth management department of a brokerage company said.

Some channel sources clearly mentioned that after Guan Huayu established a new company, he would actively seek cooperation opportunities with him in the early stage. "Before, the general manager was fully responsible for the company's various businesses, and he was familiar with it, so it was more reassuring."

According to public information, Guan Huayu has nearly 20 years of experience in the securities industry, once served as the equity investment director of bocom Schroder Fund, and joined Tongyuan Investment in 2015 as the general manager and fund manager, responsible for leading the company's investment research team. During the Tongyuan period, the company's investment performance was outstanding, and it developed into a 10 billion star private placement. According to industry insiders who are familiar with Guan Huayu, he is usually low-key, focused on investment, and rarely speaks out to the outside world, and the impression of people around him is that he is a "labor model" in the asset management circle.

It is worth noting that Zhuang Yan, another fund manager who left Tongyuan this time, worked as a medical researcher at the Bank of Communications Schroder Fund and was recruited to Tongyuan by Guan Huayu in 2015. Therefore, the industry speculates that it is likely to join the new company established by Guan Huayu in the future.

Tongyuan Investment actively adjusted

Tongyuan Investment is a domestic star private equity, in addition to the joint statement to explain the situation, the company has actually begun to make a series of adjustments very early.

In late July last year, the industrial and commercial information of Tongyuan Investment had undergone a major change, the company's legal representative changed from Guan Huayu to Xue Lingyun, and the company's directors also made adjustments at the same time. At that time, out of the consideration of being responsible for customers, Tongyuan adjusted the share lock-in period of some products and arranged for the opening.

According to the information of the Asset Management Association, Tongyuan Investment was established in April 2006 and completed its registration with the Asset Management Association in March 2014. The latest management scale ranges from 5 billion to 10 billion yuan. The registered capital of the company is 30 million yuan, and the shareholders are two natural persons. The controlling shareholder is Li Wei, with a shareholding ratio of 69.67%. The other shareholder is Wang Wu, who holds 30.33% of the shares.

Brokerage China reporter recently learned that since this month, some products managed by Guan Huayu and Zhuang Yan will increase Xue Lingyun as an investment manager to prepare for the resignation of the first two investment managers, and this transition period arrangement also has precedents in the industry.

Although there have been rumors about the departure of fund managers before, Tongyuan's investment research work has not been significantly affected. According to wind statistics, the number of surveys in Tongyuan in 2021 ranked in the top five in the private equity industry, and the three fund managers maintained a high degree of participation.

According to industry insiders, Tongyuan Investment has recently recruited a number of newly recruited researchers to work, and plans to continue to introduce talents. Brokerage China reporter noted that the company's official micro recently hung up a recruitment notice, intends to recruit 3 industry researchers, involving electronics, machinery, military industry, chemical industry.

In addition, Tongyuan Investment has also established a shareholding platform company, and the equity incentive has entered the implementation stage. According to the enterprise investigation information, a company called "Shanghai Tongxinyuan Consulting Management Partnership (Limited Partnership)" is 49.03% owned by Li Wei, the current major shareholder of Tongyuan, 32.97% of Xue Lingyun, 18% of Gu Xi, and the executive partner is Xue Lingyun, which was established on December 6, 2021. In contrast, it is likely to be Tongyuan's shareholding platform.

Brokerage China reporter learned from the industry that the shareholding platform will accept all 30.33% of the shares held by Tongyuan shareholder Wang Wu, and the equity transaction is waiting for approval from industry and commerce.

Editor-in-charge: Tactical Constant

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