CRESCENT PARK MANAGEMENT, L.P.
Crescent Park is a fundamental equity investment firm dedicated to two objectives: providing superior returns for clients and a fulfilling environment for its team. The firm builds concentrated portfolios of its best ideas in three strategies: long/short, long-only, and opportunistic equities.
What We Do
Crescent Park was founded in Palo Alto, CA in 2014 by Eli Cohen and other members of the Palo Alto-based team that had worked for Ziff Brothers Investments – Equities since 2002. As of March 31, 2022, the firm invests approximately $500 million for external clients and the firm’s principals. Eli serves as the Chief Investment Officer leading a team of four investment analysts responsible for researching ideas across a broad range of industries and geographies.
Crescent Park invests in publicly traded global equity securities. The investment approach is primarily bottom-up driven, focused on long-duration change-intensive themes and utilizing long-established investment frameworks. The investment team seeks to identify situations where its work demonstrates a variant perception and value can be compounded over multi-year periods.
Crescent Park has a small team of investment professionals with training in analytical, investigative, and psychological aspects of investing. The investment team takes a long-term approach to investing which is consistent with the heritage of its members: family office and private equity investing, management consulting and leadership development.
Fundamental Long/ShortThe Crescent Park Long/Short Strategy invests in a concentrated portfolio of businesses. The strategy is focused on long duration change-intensive themes driven by proprietary investment frameworks. The investment team seeks to identify situations where its work demonstrates a variant perception and value can be compounded over multi-year periods.
Fundamental Long-OnlyThe Crescent Park Long-Only Strategy replicates the long positions in the long/short fund adjusted for leverage. As a result, Crescent Park's long-only investment approach is a natural extension of its existing long/short strategy but designed for clients seeking returns in excess of a global equity benchmark.
OpportunisticCrescent Park will often create opportunistic strategies to pursue one off trades or transactions in which they have excess capacity. These strategies may consist of investments in public companies who have gone through a dramatic dislocation in price or in special situations where Crescent Park partners with management teams with whom they have long-standing relationships. Other equity related co-investment opportunities may arise over time.
- Integrated Approach