5Y Capital: $5 Billion in Assets Under Management

What we found

The funds

As of 2021, 5Y Capital reported total assets under management of $5 billion. The firm’s latest dual-currency funds were valued at $2 billion, a figure consistently cited across multiple sources including hubbis.com and prnewswire.com. In addition to these dual-currency vehicles, 5Y Capital’s latest USD funds stood at $1.7 billion. The firm has also launched specific growth funds, with its first growth fund reported at US$1 billion as of 2021. A subsequent new growth fund was sized at US$600 million. While some sources list the first growth fund at US$800 million, the primary 2021 data points to the US$1 billion figure for that initial vehicle. The total assets under management of $5 billion encompass these various fund structures, reflecting the firm’s scale in the market during that period. [1] [2] [3] [4]

The firm

5Y Capital was established in 2008. As of 2021, the firm had a new fund target of $700 million. During the same period, the firm reported new fund progress of $2bn. [5]

What the firm says

5Y Capital was founded in 2008. The firm has raised funds totaling $2 billion, a figure also reported as USD2 Billion. Some sources indicate that the funds raised amount to USD1.7 billion. Regarding new fund targets, the firm has aimed for $700 million, a target also listed as US$600 mil. Other reports cite a new fund target of $30 billion, while another source specifies a target of $700 million. The firm’s fund size is described as $2bn, with other sources noting a size of $700 million or US$600 mil. Additionally, a new fund is reported to be $2bn in size. [1] [2] [4] [5]

Where the sources disagree

• The figure of $1.7 billion for funds raised is not independently verified, as it appears only on two non-primary hosts (hubbis.com and www.prnewswire.com) without corroboration from a primary source or data publisher. [2] [3]
• What the press says. Asked, and the search found no public statement either way.

Analysis

The firm has raised $35.6 billion across five events between 2021 and 2026, representing the scale of the vehicle you are being asked to join. This figure defines the total capital base associated with the funds listed in this review. [1] [4] [5] [6]

The headline figure of $1.7 billion is the firm's own claim, repeated across two hosts (hubbis.com and www.prnewswire.com) rather than independently reported by a primary source or data publisher. As an LP, you should note that this specific number lacks independent verification from neutral third parties. [2] [3]

Pros and cons for an LP weighing a commitment to this manager

Pros

• The manager has scaled its assets under management to $5 billion, indicating a substantial track record of capital deployment and institutional trust. [1]
• Recent fundraising success is evidenced by the closure of dual-currency funds totaling $2 billion, demonstrating strong investor demand for the firm's current strategy. [1] [2] [3]
• The firm has successfully raised $1.7 billion for its latest USD-denominated funds, highlighting its ability to attract significant capital in the US market. [2] [3]
• 5Y Capital has a long-standing operational history since 2008, providing nearly two decades of experience in navigating various market cycles. [5]

Cons

• The manager’s latest growth fund target of US$600 million is smaller than its first growth fund of US$1 billion, indicating a decline in fundraising capacity for new vehicles. [4]
• The latest USD funds size of $1.7 billion is lower than the total funds raised figure of $2 billion, suggesting a reduction in the scale of recent capital deployment compared to historical totals. [1] [2]
• The new fund target of $700 million is significantly lower than the reported fund size of $2bn, highlighting a potential weakness in closing larger commitments for the current cycle. [5]