Richard Liu is a founding partner who helped build 5Y Capital from its roots as the venture arm of the Morningside Group family office, giving him a blend of institutional-family office discipline and early-stage venture risk appetite that's distinctive among China-based GPs. He maintains a dual-title profile as Founding Partner at 5Y Capital and General Partner at Morningside, signaling continuity from the earlier Morningside brand and positioning him as a key carrier of the original investment DNA across both consumer-facing sectors and cloud computing infrastructure.