Xuanyi Liu is a partner in the Private Funds Group of Morrison Foerster, based in the firm’s Singapore office.

Xuanyi Liu advises leading private capital sponsors and institutional investors on the full spectrum of private funds and strategic private capital transactions across Asia. His practice spans fund formation, secondaries, structured liquidity solutions, team spinouts, fund manager JVs and stakes acquisitions, and the operation of private funds and complex investment programs across private equity, venture capital, real estate, private credit, impact, and infrastructure strategies. His clients include leading global and regional fund sponsors, fund-of-funds, sovereign and institutional investors, and multinational corporations based in Greater China, Japan, Southeast Asia, South Korea, and the United States.

Xuanyi is recognized for his experience advising on sophisticated secondaries and liquidity solutions, including continuation fund transactions, GP-led and LP-led transactions, preferred equity structures, net asset value financings, strip sales, open-end conversions, tenders, and traditional limited partner portfolio sales.

Since joining Morrison Foerster, Xuanyi’s experience has included advising clients on a broad range of fund transactions, including:

• Multiple Asia-focused or -based sponsors on the formation of PE, private credit, and real estate funds, targeting commitments in excess of US$2 billion.
• Multiple Greater China sponsors in connection with strategic alliances or initiatives targeted at fostering cooperation in technology, AI, and other related sectors.
• An Asian sponsor on an ongoing, proprietary, sponsor-led secondary transaction involving a multi-asset continuation fund with a mid-market control-oriented private equity portfolio.
• Multiple institutional investors, including a North Asian institutional endowment investor, a sovereign-owned investor, and a multinational corporation, in connection with multiple fund investments and co-investments in PE, VC, hedge, and renewable energy funds.
• Multiple Asian institutional investors on secondary sales of LP interests in global private equity funds.

Xuanyi was recognized as a Next Generation Partner in The Legal 500 Asia Pacific 2026 guide and has been ranked in consecutive editions of The Legal 500 Asia Pacific – Singapore: Investment Funds (2024, 2025, and 2026), where clients described him as “the key contact in the Singapore office—he has a strong client base, is very commercial and is a pleasure to work with,” “a top-tier lawyer who understands the commercials of a deal and [is] able to appreciate where various parties are coming from,” “a stand-out individual,” and “an exceptional individual who is not only knowledgeable about both GP-led and LP-led secondaries, but also experienced and practical in giving advice.” The private funds team in Singapore led by Xuanyi has also been commended by clients in the directory, where they describe the team as “[handling] complex cross-border setups confidently and always think[ing] ahead to avoid surprises,” “[knowing] . . . LP-GP dynamics really well, which helps us make better decisions,” and “‘excellent when it comes to fund structuring and regulatory advice.”

Xuanyi was also recognized as one of only 10 lawyers worldwide featured in Financier Worldwide’s 2026 Power Players: Investment Funds Distinguished Advisers report, which profiles leading practitioners helping to shape the global investment funds industry.

Xuanyi also serves on the Young Professionals Committee of the Singapore Venture and Private Capital Association.

Prior to joining Morrison Foerster, Xuanyi worked for another leading international law firm in both Hong Kong and Singapore. He is fluent in English and Mandarin.