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
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.
Tags
Sources & citations4
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- 1
Crescent Cove is a San Francisco-based growth-lending platform founded in 2016 by Jun Hong Heng; Virtus Investment Partners took a minority stake in Nov 2025, at which point Crescent Cove managed ~$1.0B in AUM.
Barchart (Virtus Investment Partners release): Virtus Investment Partners Announces a Strategic Minority Interest Investment in Crescent Cove Advisors LPVerified2025-11-30 - 2
Crescent Cove Advisors participated in Robotic Research's (now Forterra) $228M Series A (Dec 2021).
BusinessWire: Robotic Research Announces $228 Million Series A Funding Round to Scale Autonomous Technology CommerciallyVerified2021-12-08 - 3
Crescent Cove Advisors participated in Forterra's $75M Series B (Sept 2024).
PR Newswire: Forterra Raises $75 Million in Oversubscribed Series B Funding to Accelerate Self-Driving Technology for Defense and IndustryVerified2024-09-01 - 4
Crescent Cove provided both equity and debt in Forterra's $238M Series C (Nov 2025), showing continued support since the 2021 Series A.
GlobeNewswire: Forterra Closes $238 Million Series C Cementing Leadership in Autonomy and Interoperable SystemsVerified2025-11-12