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Crescent Cove Advisors launching special purpose acquisition company to target S-E Asian tech firms

Claudia Chong

Claudia Chong

Published Wed, Jan 20, 2021 · 05:50 AM

Blank-cheque companies

Singapore

SAN FRANCISCO-based tech investment firm Crescent Cove Advisors, founded by Singaporean Heng Jun Hong, has filed confidentially to launch a special purpose acquisition company (SPAC) targeting South-east Asia's technology sector, sources said.

Crescent Cove is believed to be targeting an initial raise of around US$200 million and is expected to list shares of the SPAC on Nasdaq.

Pandu Sjahrir, an investor based in Indonesia, is believed likely to join the SPAC's board. He currently serves as a board member at Gojek, chairman of Sea L…

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