5Y Capital
![]() | |
Native name | 五源资本 |
---|---|
Formerly | Morningside Venture Capital (晨兴资本) |
Type | Private |
Industry | Venture Capital |
Founded | 2008 |
Founders | Shi Jianming (Ken) Liu Qin (Richard) |
Headquarters | Wuyuan Road, Shanghai, China |
Products | Investments |
AUM | $5 billion (31 March 2021)[1] |
Website | www.5ycap.com |
5Y Capital (Chinese: 五源资本) is a Shanghai-based venture capital firm founded in 2008. It was previously known as Morningside Venture Capital before it rebranded in October 2020.[2][3]
Background[]
5Y Capital was founded in 2008 by Ken Shi and Richard Liu under the name, Morningside Venture Capital.[1][4]
Prior to founding the firm, Liu and Shi worked as investment professionals at the Morningside Group, a family office founded in 1986 by Gerald Chan and his family.[3][4] The Chan family currently runs the Hang Lung Group in Hong Kong.[5]
As a gesture of support, Morningside Group authorized the firm to use the ‘Morningside’ brand in its operations as well as being a key investor in the firm.[4]
In October 2020, the firm rebranded to 5Y Capital. The name comes from 'Wuyuan Road' which is the street where the firm has been headquartered since its inception.[1][2][3]
5Y Capital focuses on early-stage venture investments in different sectors.[1]
5Y Capital is headquartered in Shanghai with additional offices in Beijing, Shenzhen, and Hong Kong.[1]
Funds[]
Fund[citation needed] | Vintage Year | Committed Capital ($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[]
- ^ Jump up to: a b c d e f g h "Xiaomi backer closes $2bn worth of dollar and yuan funds". Nikkei Asia.
- ^ Jump up to: a b Ku, Larissa. "Morningside Venture Capital rebrands as 5Y Capital".
- ^ 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.
- ^ 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.
- ^ "Gerald L. Chan | Harvard China Fund". hcf.fas.harvard.edu. Retrieved 2021-05-30.
- ^ Jump up to: a b "5Y Capital, US$35b stakeholder in Kuaishou, to raise US$1b for start-ups". The Standard. 18 February 2021.
- ^ 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.
- ^ Reuters Staff (2017-05-16). "BRIEF-YY Inc.'s Huya subsidiary raises $75 mln". Reuters.
- ^ Ju, Sherry Fei. "Chinese start-up apologises over Chrome similarities". www.ft.com.
- ^ "Kunlun Fight raises around 10 million dollar in B+ round". en.ytsports.cn. Retrieved 2021-05-30.
External links[]
- Chinese companies established in 2008
- Financial services companies established in 2008
- Investment management companies of China
- Venture capital firms of China