Asset Manager

Updated:

FC Crestone

Rich Horrigan and Stephen Schmeltekopf co-founded FC Crestone in 2007 as a concentrated turnaround investment firm in Greenwood Village, Colorado.

FC Crestone logo

FC Crestone

Delivering capital, financial, and operational solutions to transform businesses to regain long-term success. FC Crestone functions as your investment partner..

General information

Firm type

Generalist

Year founded

2007

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Greenwood Village

Corporate office

5555 DTC Pkwy, Suite 277 Greenwood Village, CO 80111

Principals

Rich Horrigan

Co-Founder and Partner

Stephen Schmeltekopf

Co-Founder and Partner

Sector focus

ManufacturingIndustrial TechConsumer ProductsMedia & Entertainment

Frequently asked questions

Who runs investment decisions at FC Crestone?

Co-founders Rich Horrigan and Stephen Schmeltekopf jointly make investment decisions as members of the Investment Committee. Horrigan's background combines Deloitte CPA training with C-suite operating roles in industrial and service businesses, while Schmeltekopf's experience includes work at a US-based non-performing loan investor in Mexico. The firm describes itself as small by design, with both partners directly involved in identifying, structuring, and managing each portfolio company.

Does FC Crestone operate as a fund or a permanent capital vehicle?

FC Crestone does not publicly disclose its fund or vehicle structure. The firm emphasizes a long-term ownership philosophy after turnarounds, suggesting it does not follow a fixed exit timeline. No fund names, vintage years, or capital-raising events have been disclosed on the firm's website.

What stages and situations does FC Crestone target?

FC Crestone targets companies requiring turnaround capital and operational intervention across buyouts, complex situations, divestitures, growth, recapitalizations, restructurings, and spin-offs. The firm states it invests across a wide range of industry sectors including manufacturing, industrial, business-to-business services, retail, transportation, distribution, and consumer products.

How does FC Crestone source turnaround opportunities?

FC Crestone sources proprietary opportunities through the professional networks of its two co-founders and their operating background. The firm describes its approach as leveraging an extended network of professionals to bring resources to portfolio companies, but it does not detail a proprietary sourcing model beyond the partners' direct relationships in industrial and service sectors.

Does FC Crestone maintain any philanthropic structures or other family entities?

There is no publicly disclosed philanthropic foundation, family office, or adjacent vehicle tied to FC Crestone or its co-founders. The firm operates solely as a turnaround private equity asset manager from its Greenwood Village, Colorado office, and no external information identifies a broader organizational structure.

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