# Crescent Cove Advisors LP

> Crescent Cove Advisors LP is a San Francisco investment firm founded in 2016 by Jun Hong Heng. It provides private credit and equity to growing technology businesses and manages private funds for qualified investors. Its focus includes defense technology, autonomous systems, AI infrastructure and cybersecurity. Fund IV closed above $446 million in commitments in April 2026; Virtus acquired a 35% minority interest in the manager in December 2025.

- **Founded:** 2016
- **Headquarters:** San Francisco, United States
- **Founders:** Jun Hong Heng (Founder and Chief Investment Officer)
- **Products:** Growth credit and transitional capital, Private equity and growth investments, Crescent Cove Fund IV, Private fund investment management
- **Notable:** Fund IV exceeded $446 million in commitments against a $400 million target in April 2026., Virtus completed a 35% minority interest acquisition in December 2025., Reported discretionary regulatory AUM of approximately $1.114 billion in the SEC Form ADV available in October 2026.

## Products & services

- **Growth credit and transitional capital** — Privately negotiated credit for growth-stage technology companies, including financing for transitional situations, recapitalizations and acquisitions.
- **Private equity and growth investments** — Equity investments alongside credit capabilities; examples include co-leading HaptX’s 2022 financing and leading Obsidian Security’s August 2026 Series D.
- **Crescent Cove Fund IV** — Closed-end fund continuing the technology growth credit strategy; final close exceeded $446 million in commitments on April 30, 2026.
- **Private fund investment management** — Discretionary portfolio management for pooled vehicles, with both closed-end and evergreen fund structures publicly described.

## Achievements

- Fund IV exceeded $446 million in commitments against a $400 million target in April 2026.
- Virtus completed a 35% minority interest acquisition in December 2025.
- Reported discretionary regulatory AUM of approximately $1.114 billion in the SEC Form ADV available in October 2026.
- Led Obsidian Security’s $85 million Series D in August 2026; the amount is the total round, not Crescent Cove’s disclosed individual check.

## Latest updates

- **2026-09** — TEKEVER announced the first close of its $580 million Series D financing, naming Crescent Cove among existing investors participating.
- **2026-09** — Published a Crescent Cove Conversations interview with TEKEVER founder and CEO Ricardo Mendes.
- **2026-08** — Obsidian Security announced an $85 million Series D led by Crescent Cove Advisors.
- **2026-04** — Closed Fund IV above $446 million in commitments on April 30.
- **2026-04** — Announced Scott Wall as managing director for investor relations and fundraising, and three senior promotions.

## Links

- Website: https://crescentcove.com/
- LinkedIn: https://www.linkedin.com/company/crescent-cove

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Profile page: https://yespress.io/crescent-cove-advisors-lp
Published by YesPress — https://yespress.io
Last updated: 2026-10-27