5Y Capital

From Wikipedia, the free encyclopedia
5Y Capital
Native name
五源资本
FormerlyMorningside Venture Capital (晨兴资本)
TypePrivate
IndustryVenture Capital
Founded2008
FoundersShi Jianming (Ken)
Liu Qin (Richard)
HeadquartersWuyuan Road, Shanghai, China
ProductsInvestments
AUM$5 billion (31 March 2021)[1]
Websitewww.5ycap.com

5Y Capital (Chinese: 五源资本) is a Shanghai-based venture capital firm founded in 2008. It was previously known as Morningside Venture Capital before it rebranded in October 2020.[2][3]

Background[]

5Y Capital was founded in 2008 by Ken Shi and Richard Liu under the name, Morningside Venture Capital.[1][4]

Prior to founding the firm, Liu and Shi worked as investment professionals at the Morningside Group, a family office founded in 1986 by Gerald Chan and his family.[3][4] The Chan family currently runs the Hang Lung Group in Hong Kong.[5]

As a gesture of support, Morningside Group authorized the firm to use the ‘Morningside’ brand in its operations as well as being a key investor in the firm.[4]

In October 2020, the firm rebranded to 5Y Capital. The name comes from 'Wuyuan Road' which is the street where the firm has been headquartered since its inception.[1][2][3]

5Y Capital focuses on early-stage venture investments in different sectors.[1]

5Y Capital is headquartered in Shanghai with additional offices in Beijing, Shenzhen, and Hong Kong.[1]

Funds[]

Fund[citation needed] Vintage Year Committed Capital ($m)
Morningside China TMT Fund I 2008 USD 150
Morningside China TMT Fund II 2011 USD 250
Morningside China TMT Fund III 2014 USD 347.5
Morningside China TMT Special Opportunity Fund 2014 USD 102.5
Morningside China TMT Fund IV 2015 USD 460
Morningside China TMT Special Opportunity Fund 2015 USD 200
RMB Fund 2017 RMB 1,000
Evolution Fund I 2018 USD 735
Evolution Special Opportunity Fund I 2018 USD 300
5Y Capital Capital Growth Fund 2021 USD 994.21
5Y Capital Evolution Fund II 2021 USD 718.16
RMB Fund II 2021 RMB 1,900

Notable Investments[]

References[]

  1. ^ Jump up to: a b c d e f g h "Xiaomi backer closes $2bn worth of dollar and yuan funds". Nikkei Asia.
  2. ^ Jump up to: a b Ku, Larissa. "Morningside Venture Capital rebrands as 5Y Capital".
  3. ^ Jump up to: a b c d e f g Chen, Lulu Yilun. "Venture Firm That Made $30 Billion on Chinese Video App Plans New Fund". www.bloomberg.com. Retrieved 2021-05-30.
  4. ^ Jump up to: a b c "Chinese Venture Capital Firm Morningside Venture Capital Becomes 5Y Capital -Asian Wealth Management and Asian Private Banking". hubbis.com. Retrieved 2021-05-30.
  5. ^ "Gerald L. Chan | Harvard China Fund". hcf.fas.harvard.edu. Retrieved 2021-05-30.
  6. ^ Jump up to: a b "5Y Capital, US$35b stakeholder in Kuaishou, to raise US$1b for start-ups". The Standard. 18 February 2021.
  7. ^ Jump up to: a b c Fannin, Rebecca. "Richard Liu's Secret To China Deal Success In 0-1, 1-10, 10-100 Steps". Forbes.
  8. ^ Reuters Staff (2017-05-16). "BRIEF-YY Inc.'s Huya subsidiary raises $75 mln". Reuters.
  9. ^ Ju, Sherry Fei. "Chinese start-up apologises over Chrome similarities". www.ft.com.
  10. ^ "Kunlun Fight raises around 10 million dollar in B+ round". en.ytsports.cn. Retrieved 2021-05-30.

External links[]

Retrieved from ""