Management Team

Charles Spero

Founder, Managing Partner

Charles Spero is the managing partner and founder of Crescent Sky Capital and is responsible for overseeing all aspects of the firm’s activities. Mr. Spero is a well-respected financial professional with a strong track record of success over a 20+ year career in finance.

Mr. Spero most recently served as Head of Nomura’s Global Markets business in the Americas where he was responsible for all markets related activities in the hemisphere including the allocation and risk management of over $100 billion in assets. At Nomura, Mr. Spero managed a group of over 600 professionals across the mortgage and asset backed, proprietary trading, credit, government, foreign exchange, and equity businesses. He was hired at Nomura in August 2009 to build their fixed income business, which had been generally inactive in the Americas. Mr. Spero oversaw all facets of the business build out including setting up, growing and developing the business into a top 10 fixed income platform in the market sectors in which the firm competed. Under Mr. Spero’s leadership as head of Fixed Income (and later Head of Global Markets Americas), Nomura’s U.S. Securitized Products Business, which had not existed at the firm prior to Mr. Spero’s arrival, produced strong returns for the firm over a 5 year period.

Mr. Spero spent the majority of his career at Lehman Brothers where he traded all types of asset backed and non-agency mortgage product before being promoted to oversee the entire U.S. Securitized products division in mid 2008. The best investment performance for Mr. Spero occurred during 2007 and 2008. Mr. Spero recognized the excesses in the subprime market and focused his group on strategies designed to find asymmetrical risk reward opportunities in the sector. Trades implemented by Mr. Spero and his team earned significant profits. A significant portion of these gains were achieved in the derivatives markets and consumed little investment capital.

Mr. Spero holds a Bachelor of Arts from Yale University with distinction in his major of Economics, Politics and Ethics

Eric Derfner, Esq.

Partner, CIO Real Estate

Mr. Derfner is responsible for sourcing, structuring, and overseeing all aspects of CSREP.  Mr. Derfner, a commercial real estate veteran, began his career practicing real estate law (both as a litigator and transactional attorney) and has spent the past 18 years in real estate investment.

 

Prior to joining Crescent Sky, Mr. Derfner co-founded The Juster Group, an opportunistic venture, investing proprietary capital in real estate, operating companies and sophisticated financial products.  Partnering with like minded  family offices, Juster executed on transactions in New York, Ft. Worth, Chicago and the Pacific Northwest. Focused on opportunistic situations and willing to invest anywhere from sponsor equity to senior debt, Juster gravitated towards value-add investments.  While at Juster, Mr. Derfner co-founded and launched WorkHouse on 5th Avenue in Manhattan, a co-working/office suites company.  Additionally, at Juster, Mr. Derfner led a team of professionals tasked with a $360 million P3 recapitalization (Public-Private Partnership) of a public water and sewer system spanning across five townships.

 

Before launching Juster, Mr. Derfner worked at The Feil Organization, where he retains equity in a majority of the Company assets and serves on its Board of Directors. Feil, one of the largest and most well-respected privately held real estate companies in the country, owns and operates more than 26 million square feet of real estate.  As a Vice President, Mr. Derfner was charged with, among other things, operating a four million square foot class A office portfolio, based predominantly in Manhattan and Boston.   Some notable assets Mr. Derfner operated included: • The (original) GE building, 570 Lexington, NYC • The Fred F. French building, 551 Fifth Avenue, NYC • The Look Building, 488 Madison Avenue, NYC • The One Beacon Insurance Building, One Beacon Street, Boston, MA.  Additionally, while at Feil, Mr. Derfner was involved in the acquisition and disposition of over $1 billion of real estate. 

 

Active in philanthropy, Mr. Derfner serves on the Board of Directors at Prep for Prep and The New York State Honorary Fire Chiefs Association.  In his free time, he enjoys practicing Jiu Jitsu at Renzo Gracie.

 

Mr. Derfner received a Bachelor of Science in Economics from Boston University, as well as a Juris Doctor from Brooklyn Law School. He currently resides with his wife and two sons in Manhattan.

Dr. Wei Jin

Partner, Portfolio Manager & Head of Analytics

Wei Jin is a portfolio manager at Crescent Sky Capital and is on the firm’s investment committee. Dr. Jin is also responsible for developing and maintaining all of Crescent Sky’s analytical infrastructure.

Prior to joining Crescent Sky, Dr. Jin was a trader at Panning Capital Management, responsible for trading and managing Panning’s structured products portfolio. At Panning, Wei also focused on analyzing specialty finance companies across the capital structure. Prior to Panning, Dr. Jin was an Executive Director at JP Morgan Chase responsible for trading and managing a portion of the bank’s multi billion dollar structured products portfolio.

Dr. Jin was one of the initial members at Tilden Park Management, where he built all of the models and analytical infrastructure for the fund launch. At Tilden Park, Wei also worked on investment strategy and portfolio management. Dr. Jin began his career at Lehman Brothers in research, covering commercial real estate and CMBS.

Dr. Jin received a PHD in Statistics and a Master of Science in Financial Mathematics from Stanford University. Wei also holds a Bachelor of Science in Probability and Statistics from Beijing University in China.

Wei holds many honors and awards in Mathematics including, two time winner Zehan Jiang Scholarship, Silver Medalist in the 13th China Mathematical Contest and the Gold Medal in the Chinese National Mathematical Contest 1997.

Dr. Jin is the married father of two children. In his spare time Wei enjoys traveling around the world and landscape photography.

Lewis Meyers

Partner, Head of Business Development

Lewis Meyers is responsible for expanding and managing Crescent Sky’s client relationships and communicating the firm’s investment strategies. Mr. Meyers has over 25 years of investment banking experience within credit, structured products and wealth management.

Prior to joining the firm, Lewis served as Managing Director at Nomura where his responsibilities were to cultivate and maintain relationships with institutional investors in the mortgage and asset backed markets. Prior to Nomura Mr. Meyers was a Managing Director at Credit Suisse in structured product sales.

Mr. Meyers began his career at Lehman Brothers in the middle office and eventually became a Managing Director in the Wealth and Asset Management Group focusing on structured product sales.

Mr. Meyers holds a Bachelor of Arts from Lafayette College and a Masters of Business Administration from Columbia University.

Mr. Meyers is the married father of three children. He has been active volunteer in the Fiver Children’s Foundation as an Advisory Board Member. Lewis is also a long time volunteer and supporter of the Stamford Peace organization.

Ryan Fitzgerald

Associate

Ryan Fitzgerald joined Crescent Sky in 2018 where he works on analytics, underwriting and investments. He works closely with Mr. Spero, Mr. Derfner and Dr. Jin to help evaluate various investment opportunities

Mr. Fitzgerald received dual BS degrees in Computer Science and Finance from Lehigh University in 2017.  Mr. Fitzgerald has also passed  all 3 levels of the CFA program.

David Kennedy

Director of Operations and Finance

David David Kennedy joined Crescent Sky in 2020 where he helps oversee all aspects of the back office. He is responsible for managing day-to-day fund operations as they relate to: fund administration, budgeting, cash controls, document review and special operational projects.

Mr. Kennedy has nearly a decade of experience in the Hedge Fund and Private Equity space where he has performed duties including the calculation of performance, preparation and distribution of internal and external reporting, tracking investor returns, and review of the Audited Financial Statements.

Mr. Kennedy spent his early career at US Bank. Working within their fund administration business delivering all middle and back-office support to a variety of clients. Next, Mr. Kennedy moved to Deutsche Bank where he worked with a global team to deliver a full suite of Fund Administration services to clients.

Mr. Kennedy holds a Bachelor of Science in Finance and Banking from Appalachian State University, and a Master of Business Administration from Montclair State University.

Mr. Kennedy also holds a Graduate Certificate in Real Estate Investment from the Harvard Extension School and he has his Real Estate Salespersons License in the State of New York

Crescent Sky Capital | 152 W 57th Street | New York, NY 10019