The Chan family currently runs the Hang Lung Group in Hong Kong.

[1][4][5] In 2021, Bloomberg reported that the firm was seeking to raise a new fund, and that it had delivered a $30 billion return on its investment in Kuaishou.

[7] It closed a number of funds after reaching hard caps that year.

[8] In November 2023, it was reported that 5Y Capital was on track to surpass its target of raising $700 million for its new fund.

This came when fundraising during the year had significantly declined due to various factors such as the China–United States trade war that limited US investments in Chinese firms.