Crescent Park Management, L.P.

Crescent Park provides discretionary investment advisory services to high‑net‑worth individuals and small businesses through separately managed accounts and generally requires clients to meet “Qualified Client” standards under California rules. The brochure also notes that several current client accounts were funded by withdrawals from the firm’s previously managed pooled investment vehicles.

The firm pursues a concentrated, multi‑year long/short approach across U.S. and non‑U.S. equities and related instruments and may use derivatives, short sales, margin and hedging as part of portfolio management. Its advisory arrangements can include performance‑based compensation, and the brochure contains an explicit hypothetical performance and fee illustration showing how those arrangements would be calculated against a benchmark hurdle.

Notable disclosures in the brochure describe a recent operational and regulatory transition from advising pooled investment vehicles — including prior roles as a private fund adviser and fund sponsor — to focusing on separate account management and applying for state registration. The brochure further highlights operational practices that may be uncommon among peers, including the inclusion of a detailed hypothetical performance example, a policy of forwarding proxy voting to clients, and the stated use of AI to support research and operational tasks.