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Crescent Cove Advisors
Jun Hong Heng's Crescent Cove Advisors writes short-duration credit to growth-stage technology companies from San Francisco.
Crescent Cove Advisors
Crescent Cove Advisors is an SEC-registered investment adviser in San Francisco, CA, registered since 2021. The firm manages approximately $1.1 billion in regulatory assets. It has 11 employees and 3 investment advisers.
General information
Firm type
Asset Manager
Year founded
2016
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
1700 Montgomery Street, Suite 240, San Francisco, CA 94111, United States
Principals
Jun Hong Heng
Founder and Chief Investment Officer
Steve Michau
Managing Director
Zane Hwang
Executive Director
Joe Schwartz
Senior Associate
Todd Lee
General Counsel
Alida Fong
Team Member (Alternative Investments)
Yulia Sali
Finance Director
Samuel Tarasow
Senior Fund Accountant
Sunny Gill
Chief People Officer
Scott Wall
Managing Director, Investor Relations
Paul Gerard
Vice President, Investor Relations
Jennifer Kesseler
Operations
Sector focus
Frequently asked questions
Who runs investment decisions at Crescent Cove Advisors?
Founder and Chief Investment Officer Jun Hong Heng oversees all investment activity and serves on portfolio company boards including Forterra, Tekever, Lambda Labs, and ECARX. There is no disclosed investment committee beyond Heng; originations are run by Managing Director Steve Michau, Executive Director Zane Hwang, and Senior Associate Joe Schwartz.
How does Crescent Cove source proprietary deal flow?
Crescent Cove's originations team pursues private technology companies directly, leveraging sector relationships built by a team drawn from Ares Management, Wells Fargo Technology Banking, and TriplePoint Capital. The firm emphasizes its entrepreneurial operating background as a differentiator in founder conversations.
Is Crescent Cove a family office or a credit manager?
Crescent Cove is a San Francisco–based investment firm managing third-party capital from pensions, endowments, foundations, and individuals. It is not structured as a single-family office, and the firm's website lists no connection to a single wealth origination source.
Does Crescent Cove participate in fund commitments or only direct deals?
Crescent Cove's stated model is direct credit and equity investment in technology companies rather than fund-of-fund commitments. The firm emphasizes short-term capital solutions structured directly with operating companies.
What investment stages does Crescent Cove typically target?
Crescent Cove targets growth-stage businesses with experienced management teams, providing short-term capital across private credit and equity. The firm's portfolio companies range from autonomous systems (Forterra) to AI infrastructure (Lambda Labs), indicating a bias toward companies with existing commercial traction.
Which sectors does Crescent Cove explicitly avoid?
Crescent Cove does not publicly disclose a sector exclusion list. The firm focuses on high-growth technology and its portfolio sub-sectors — autonomy, AI infrastructure, defense-tech, and automotive technology — suggest limited appetite for consumer, retail, or non-tech industrials.
Does Crescent Cove maintain philanthropic structures separate from the investment firm?
Crescent Cove's website lists no affiliated philanthropic foundation or donor-advised fund. Jun Hong Heng serves on the San Francisco Symphony's Board of Governors, which the firm frames as a personal rather than institutional philanthropic commitment.
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