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the grudges in the martial arts world escalate again!

recently, blackrock capital published an article on its wechat official account publicly condemning six investors, once again exposing the feud between the two investors. the focus of the conflict between the two parties this time was the issue of fund liquidation and repayment.

at the end of may this year, blackrock capital exposed the dispute between it and its investors. blackrock capital said that since 2019, some investors have been "reporting and complaining" about blackrock capital. on april 26, blackrock capital's private equity fund manager registration was cancelled by the asset management association of china for failing to continue to meet the manager registration requirements.

issued a statement condemning six investors

recently, blackrock capital published an article on its wechat official account, publicly condemning six investors of its zhenlong fund, saying that "these six investors are hostile to blackrock capital on the issue of fund liquidation and repayment, and have filed no less than 15 lawsuits and arbitration cases, all of which have been dismissed by the court. since the end of 2023, these six investors have held investor meetings on their own, and on the grounds that the manager and custodian could not be present, they determined that the fund was "liquidated" by their will, and bypassed blackrock capital and the fund custodian to directly find the fund's receivables and send letters to demand huge sums of money."

image source: blackrock capital wechat official account

blackrock capital wrote on its wechat official account on august 4: "as an institution and core team that started private equity fund business earlier in china, we did not expect that the biggest challenge facing us was not how to exit the invested enterprises, but that we had to fight against the demands of a small number of investors for various purposes and thus get into long-term disputes with our company while sticking to this job and responsibility."

angry at the whistleblower for "ruining his job"

in fact, the "grudges" between blackrock capital and its investors were exposed at the end of may this year. on may 31, blackrock capital announced on its wechat official account that the company received a notice from the china securities investment fund association on april 25 to cancel its fund manager registration qualification, which means that blackrock capital will not be able to carry out new business, but it will not have any impact on the existing funds that have been registered.

at the same time, blackrock capital said that the reason its registration as a fund manager was revoked was mainly because of the "knight" investors who had been "reporting and complaining" about blackrock capital since 2019, and said that this was "destroying their jobs."

image source: blackrock capital wechat official account

on the same day, blackrock capital posted another message on its wechat official account titled "remember the best years of our time", saying that the company simply could not issue new funds, and the existing fund business was operating as usual, so investors did not need to worry.

in addition, blackrock capital said that the company applied for the qualification of registered manager in february 2015. before that, the founder and team had been working in the private equity industry for many years. they witnessed the recovery after the "subprime mortgage crisis", experienced the national entrepreneurship boom, and participated deeply in the overall prosperity of "made in china". they never expected that they would say goodbye to the market in this way.

image source: blackrock capital wechat official account

there are 24 products still in existence

on april 26, the asset management association of china issued the "announcement on cancelling the registration of private equity fund managers including hangzhou songqian asset management co., ltd. that cannot continue to meet the manager registration requirements", and beijing black rock capital management co., ltd. was among them.

image source: china securities association official website

the association's registration and filing information shows that blackrock capital was established on november 21, 2014, and registered on january 29, 2015, with a registered capital of 130 million yuan and a paid-in capital of 34.16 million yuan. it is a private equity and venture capital fund manager, and its legal representative, chairman, and actual controller is guo yunruo. investor information shows that blackrock capital's investors include guo yunruo, beijing nuoyan dingsheng investment management co., ltd., and beijing redstone international capital management co., ltd., with investment ratios of 70%, 10%, and 20%, respectively.

currently, blackrock capital is listed as a "deregistered private equity fund manager" on the association's official website. its product information shows that when the company was deregistered, there were still 24 products that had not been liquidated. as to whether the existing funds will be affected by the cancellation of qualifications, blackrock capital responded that the cancellation of blackrock capital's private equity fund qualifications simply meant that it was unable to issue new funds. for the existing funds, there is a fund contract as the basis for the continued existence, so there will be no impact.

according to statistics from the association's official website, 1,243 private equity firms have been deregistered this year, and the structure of the private equity fund industry has continued to optimize. industry insiders said that the regulatory authorities adhere to the basic concept of "supporting the best and limiting the worst" to further improve industry regulatory rules, fully reflect the protection of investors' legitimate rights and interests, and promote the differentiated and standardized development of private equity securities institutions. the private equity fund industry is shifting from "scale expansion" to "structural optimization", and gradually forming a benign ecology of "survival of the fittest and orderly entry and exit".