Crescent Financial Partners, Inc. (CFP), a Los Angeles-based private equity merchant banking firm, has announced the opening of a new office at The Innovation Center in Riverside, California. Amro Albanna, a well-respected local business leader whose credits include founding multiple start-up technology companies; recipient of the United States Presidential Citation award; and co-founder of the Riverside Technology CEO Forum, will join Crescent Financial Partners, Inc. as Managing Director for the Inland Empire region.
“Inland Southern California is an untapped and burgeoning market for emerging and innovative investment opportunities,” remarked Russell Armstrong, Founder and Managing Director of Crescent Financial Partners, Inc. “With Mr. Albanna’s experience as Founder of the Innovation Economy Initiative, and in collaboration with various regional entrepreneurial organizations, we believe this expansion to be an important catalyst for the growth of our firm as well as a contributor to the economic growth in this particular region.”
Added Albanna: “I am pleased that Crescent Financial Partners has selected Inland Southern California for its expansion. A reputable, private equity firm expanding into this area is strategic for the capital formation component of the Innovation Economy Initiative and for the region.”
In the coming months, Crescent Financial Partners will review investment opportunities, provide strategic planning and business development expertise to startups and innovators, and provide funding with the goal of accelerating innovation development activities within the Inland Empire.
According to Armstrong: “It often takes one innovator with a creative idea to turn-around a city, region, state, or even country. We are excited to be laying a foundation to support these entrepreneurs, give them guidance, and to provide the necessary capital to foster growth within the region.”
About Crescent Financial Partners, Inc.
Beverly Hills-based Crescent Financial Partners, Inc. (http://CrescentFinancialPartners.com) is a private equity merchant banking firm, focused on early stage and middle market opportunities. CFP is a principal investor, providing project and growth funding, business development expertise, and strategic and financial guidance.
About the Innovation Economy Initiative
The Innovation Economy (www.TheIE.org) is a privately-driven initiative in partnership with stakeholders from education and government, focused on strengthening the innovation cluster in Inland Southern California.