What is Crescent Cove Advisors?

Provide optimal capital solutions across a company's growth stages, drawing on a deep understanding of the technology landscape and its emerging sub-sectors.

How much does Crescent Cove Advisors manage?

Crescent Cove Advisors manages ~$1.0B (as of Nov 30, 2025, per Virtus Investment Partners' minority-stake announcement; not independently disclosed by Crescent Cove itself) in assets, and was founded in 2016.

What stages does Crescent Cove Advisors invest at?

Crescent Cove Advisors invests at Series A, Series B, Series C.

All funds

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Crescent Cove Advisors

San Francisco-based growth-lending and private-capital firm; participated in Forterra's Series A, Series B, and Series C rounds, providing both debt and (in Series C) equity.

Crescent Cove Advisors is a San Francisco-based private capital firm founded in 2016 by Jun Hong Heng, providing capital solutions — primarily growth/venture lending, with selective equity co-investment — to middle-market technology companies, including in defense tech, autonomous driving, AI, and fintech. It has supported Forterra across all three of its funding rounds to date (Series A 2021, Series B 2024, Series C 2025), providing both equity and debt in the November 2025 Series C. As of November 2025, Virtus Investment Partners announced a strategic minority-stake investment in the firm, alongside a disclosure that Crescent Cove manages roughly $1.0 billion in assets.

Overview

Firm: Crescent Cove Advisors
Headquarters: San Francisco, CA
Founded: 2016
AUM: ~$1.0B (as of Nov 30, 2025, per Virtus Investment Partners' minority-stake announcement; not independently disclosed by Crescent Cove itself)
Stages: Series A, Series B, Series C
Thesis: Provide optimal capital solutions across a company's growth stages, drawing on a deep understanding of the technology landscape and its emerging sub-sectors.

Portfolio companies1

CompanyForterraMaryland-based autonomous ground-vehicle and mission-autonomy company (formerly Robotic Research), valued above $1B after a $238M Series C.

Partners1

FounderJun Hong HengFounder and Chief Investment Officer of fund:crescent-cove-advisors, a San Francisco private capital firm backing Forterra and other growth-stage technology companies.

Frequently asked

What is Crescent Cove Advisors?: Provide optimal capital solutions across a company's growth stages, drawing on a deep understanding of the technology landscape and its emerging sub-sectors.
How much does Crescent Cove Advisors manage?: Crescent Cove Advisors manages ~$1.0B (as of Nov 30, 2025, per Virtus Investment Partners' minority-stake announcement; not independently disclosed by Crescent Cove itself) in assets, and was founded in 2016.
What stages does Crescent Cove Advisors invest at?: Crescent Cove Advisors invests at Series A, Series B, Series C.

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