5y Capital News Today : Breaking News, Live Updates & Top Stories | Vimarsana

2 Chinese private equity house 5Y Capital, which rebranded from Morningside Venture Capital six months ago, has closed its latest dual-currency US dollar and renminbi fundraise on more than $2bn. The funds hit their hard caps “in a very short time after initial launch”, the firm said, with the US dollar funds alone exceeding $1.7bn. The dollar vehicles include 5Y’s early-stage venture fund and its first ever growth fund. Firm founding partner Richard Liu said, “5Y’s priority has always been exploring and fostering what can bring long-term impact to the society. “Today, informatio...

(Bloomberg) -- 5Y Capital, the venture firm that delivered a $30 billion return on its investment in Chinese short-video app Kuaishou, is seeking to raise another fund to bet on a new generation of startups, according to people familiar with the matter.One of the earliest investors in Kuaishou, 5Y Capital is planning to raise at least $1 billion, the people said, asking not to be named because the matter is private. A representative for the firm declined to comment.Before its Kuaishou windfall, 5Y Capital was best known for generating an 866-fold gain from its bet on smartphone maker Xiaomi Co...