Founded in 2008 as Morningside Venture Capital and rebranded as 5Y Capital, the firm manages over USD 5bn in dual-currency funds from global investors such as sovereign wealth funds, endowments, foundations, family offices, and funds of funds. Its mission is to support entrepreneurs in building companies, and it specializes in providing early-stage venture investments. The firm is headquartered in Xuhui, Shanghai, and was co-founded by Ken Shi and Richard Liu.