Jun Hong Heng, a member and Chairman of our board of directors, Chief Executive Officer and Chief Financial Officer, is currently the Chief Investment Officer and Founder of Crescent Cove.
Jun started his career at Bear, Stearns & Co. in New York in a multi-disciplinary role across technology, media and telecommunications, mergers and acquisitions, and equity and debt capital markets. He next joined Morgan Stanley where he transitioned to focus on Asia. He subsequently joined Argyle Street Management, a spin-off from Goldman Sachs Asian Special Situations Group. In 2009, with the world emerging from the financial crisis, Jun worked on a variety of complex private deals in direct lending and distressed debt. He left Argyle to join the founding team of Myriad Asset Management, where he focused on Asian credit and equity, including special situations.
In 2016, Jun returned to the U.S. and launched Crescent Cove focusing on investing in 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 notable exits occurred in 2020 when its portfolio investment, Luminar, completed its business combination with Gores Metropoulos, a premier SPAC sponsor, in December 2020. Crescent Cove was one of Luminar’s earliest and largest investors. Jun continues to work closely with Luminar’s 25-year-old founder and CEO Austin Russell to support the growth of Luminar.