Jun Hong Heng

Jun is the Founder and Chief Investment Officer of Crescent Cove Advisors LP. The eldest of four children, he was born in Singapore to an engineer father and a school teacher mother. Music was integral to his early childhood development, where he learned to play the piano, violin and viola, all of which contributed significantly to his personal growth and how he thinks about and approaches business today. For Jun, entrepreneurship epitomizes the qualities of commitment, self-discipline, resilience, collaboration and optimism – the very same qualities required to learn a musical instrument.

As a boy, Jun was selected to play the viola in the Singapore Youth Orchestra and later, when he turned 18, in the military chamber ensemble while serving his mandatory two-plus years of military service. As a musical ambassador for his country, he performed on goodwill missions and at government functions, as well as for various head of states. Upon completion of his national service, Jun enrolled at the University of Michigan where, as a freshman, he was chosen as first chair of viola in the orchestra. After three years of Big Ten football games, studies and music, Jun graduated Ross School of Business with a degree in finance and accounting.

Jun started his career at Bear, Stearns & Co. in New York in a multi-disciplinary role across TMT, M&A, equity and debt capital markets. A few years later, he made the transition to Asia via Morgan Stanley and, subsequently, joined Argyle Street Management, a spin-off from Goldman Sachs Asian Special Situations Group. With the world emerging from the financial crisis, Jun worked on a variety of complex private deals in direct lending and distressed debt. After that, he joined the founding team of Myriad Asset Management, focused on credit and equity, including special situations and risk arbitrage.

In time, Jun missed the close rapport he had formed earlier with the principals of private portfolio companies and working collaboratively to grow their businesses. In a constantly changing business environment, Jun values long-term relationships and continuous engagement with management, seeing them as critical to access timely informational flow of business fundamentals. He saw an opportunity to partner early with talented technology pioneers, serving as a trusted advisor to help them navigate through financial markets and capital alternatives.

In 2016, Jun returned to the United States and launched Crescent Cove out of a small San Francisco Bay Area apartment, with $12 million in seed capital and a focus on the lower middle-market TMT sector. Soon, Jun began structuring creative financings for ambitious executives and fast-growing emerging businesses. Since then, Crescent Cove has grown steadily, raised multiple new funds, and completed several notable investments and exits. One of the Crescent Cove’s most significant exits occurred in 2020 when a portfolio investment, Luminar Technologies, went public; Crescent Cove was one of Luminar’s earliest, largest and most steadfast investors. In June, Jun was appointed as an independent director to Luminar’s board, and he continues to work closely with founder and CEO Austin Russell. In 2022, Jun was appointed as an independent director to the board of ECARX.

Jun resides today in San Francisco with his wife, son and daughter. He is an avid Manchester United football fan and supports a variety of University of Michigan causes.

Doreen Xu

Doreen is a Vice President at Crescent Cove and focuses on evaluating potential investments, transaction execution, and portfolio management. Prior to joining Crescent Cove, Doreen was an investor at Point72 Hyperscale, the growth and private equity fund at Point72. She began her career as an investment banker at Qatalyst Partners. Doreen received a B.A. in Economics (magna cum laude with High Honors) from Harvard University.

Todd Lee

Todd is General Counsel at Crescent Cove and handles the firm’s legal and regulatory matters. Prior to joining Crescent Cove, Todd was Assistant General Counsel at Matthews International Capital Management, where he was primary counsel to the Matthews Asia Funds, a family of US mutual funds. Previously, Todd also served as Senior Counsel at SVB Financial Group, where he advised the investment adviser and broker-dealer subsidiaries. Todd received a Bachelor of Arts degree from Yale University and a Juris Doctor degree from Columbia Law School.

Andrew Holmes

Andrew is a Partner at Crescent Cove Private Equity. Andrew has more than a decade of experience in private equity across a broad range of industries, including business services, technology, media, industrials, and healthcare. Andrew is responsible for all key aspects of the investment process from originating new investments, diligence, deal execution and working alongside our partner companies. Prior to Crescent Cove Private Equity, Andrew was a Principal with Calera Capital, a San Francisco-based private equity firm, where he led and managed investments in the industrial growth and business services sectors and served on multiple company boards. Previously, Andrew worked for Bain Capital, a Boston-based private equity firm where he was responsible for investments in the TMT and healthcare industry groups. Andrew began his career at McKinsey & Company where he advised clients on strategic and operational initiatives. Andrew received an M.B.A. degree from Harvard Business School and graduated Phi Beta Kappa with a B.B.A degree in finance and corporate strategy from the University of Michigan’s Ross School of Business. A native of Michigan, Andrew lives in the Bay Area with his wife and two children. In his free time, he enjoys cooking with his family, playing basketball, and supporting the Michigan Wolverines.

Yulia Sali

Yulia is Crescent Cove’s Finance Director and is responsible for finance, accounting, and operations.  Previously, Yulia served as the Controller at Lateef Investment Management and Cypress Wealth Advisors, focusing on risk management, investment fund accounting and tax preparation. Yulia began her career at Rothstein Kass, serving as an auditor in the firm’s financial services practice. Yulia holds a Master’s in Business Administration in Accounting from California State University and a Bachelor of Science Degree in Computer Information Systems from California State University. She is a licensed Certified Public Accountant (CPA) in California.

K.V. Dhillon

K.V. is a Managing Director at Crescent Cove and leads business development. Previously, K.V. was the head of Guggenheim Capital Management Asia, where he was responsible for all business activities in the region including setting the firm’s strategic direction in Asia and delivering alternative investment solutions to global institutional investors. K.V’s investment focus included management of the private equity and special situations portfolio, while leading the firm’s investment efforts into sovereign debt, infrastructure lending and distressed secondary private equity transactions. Previously, he was a partner at Thomas Weisel Partners, where he spearheaded the firm’s asset management and research operations in Asia and held a senior role in their domestic equity business. K.V. holds a Master’s in Business Administration from Northwestern University and a Bachelor Degree in Psychology from the University of Calgary.

Jennifer Kesseler

Jennifer is Executive Assistant to the Chief Investment Officer. Prior to Crescent Cove, she worked for over a decade as an assistant supporting Ambassador Ronald S. Lauder at RSL Management, responsible for various business-related projects supporting operations and assisting C-level executives. Jennifer also worked for SLATE, managing fine art programs for a global social media company. She is an active member of the City of Oakland’s Public Art Advisory Committee (PAAC).  Jennifer received her MA in Curatorial Practice from the California College of the Arts (CCA) and a BA in Anthropology from the University of California at Santa Barbara (UCSB).

David O’Neil

David is a Senior Associate at Crescent Cove and focuses on evaluating potential investments, transaction execution, and portfolio management. Prior to joining Crescent Cove, David was a growth equity investor focused on public and private technology sector companies at Koch Industries and at Digital Alpha Advisors. Previously, David worked as an investment banker in the Global Technology Group at Citigroup. He began his career at Goldman Sachs in the Financial Institutions Investment Banking Group. David received a Master’s degree in Accounting and a B.B.A. degree in Accounting from the University of Texas’ McCombs School of Business.

Elizabeth Santana

Elizabeth is a Vice President at Crescent Cove and focuses on supporting investor engagements, business development, and marketing. Prior to joining Crescent Cove, Elizabeth was an Assistant Manager to the Consultant Relations/Marketing Information team at Loomis Sayles. Elizabeth began her career at NEPC as a performance analyst and was later promoted to senior performance analyst. She received a BS in Finance from the University of Central Florida.

Sunny Gill

Sunny Gill is the Talent and Culture lead at Crescent Cove Advisors. He provides leadership and programming to foster a collaborative and inclusive culture at Crescent Cove, a workplace with people who have diverse backgrounds, viewpoints, and experiences. Sunny works with senior leadership to help staff members continually develop in their roles, learn from the communities we serve and contribute in a high-performing environment. His primary focus is on talent acquisition, promotion of an inclusive organizational culture and operationalizing human capital. Sunny brings 10 years of Human Resources experience to Crescent Cove concentrating mainly in the financial services and technology industries. Prior to joining the team, he was the Senior HR Business Partner at ironSource and previously was the VP of Talent and HR at Top Tier Capital Partners in San Francisco. Sunny has an MBA from Medaille University in Buffalo, New York, and a B.A. in Business Administration- Human Resources Management from California State University, Chico.