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THE TEAM

It takes a team.

It’s the people at Crescent Capital Holdings that make the clock tick. We employ quality people who help dot the i’s and cross the t’s.

Crescent Venture Capital Team

Kevin Tupy


Kevin is a successful entrepreneur in Sioux Falls, SD. He started his career with Citi, where his career spanned seven years working various management positions supporting its Private Label Credit Card division.  In 2001, he left the corporate world of business banking and founded Z Wireless, a Verizon Premium Retailer, with one mall-based kiosk in Sioux Falls, SD. Over the next 10 years, Kevin grew Z Wireless to over 100 locations throughout the Midwest. In 2011, Atlantic Street Capital partnered with him to grow the business to a national footprint. By 2016, the business had achieved the status of the largest Verizon Premium Retailer in the country with over 1,200 locations nationwide. Today, the business has rebranded as Victra and is now part of the Lone Star Capital family.  He continues his dedication to the company he founded by maintaining a significant share of equity in the business and remaining involved in strategic initiatives.

In 2016, Kevin founded Crescent Capital Holdings, a private equity firm focused on real estate, operating companies, and alternative assets. Kevin is actively involved in each of his portfolio companies and works side-by-side with the teams to enhance revenue growth, increase operating leverage, improve cash flow margins and elevate customer loyalty.   Today, Crescent Capital Holdings has invested over $100 million in its assets and continues to grow by partnering with local entrepreneurs and business people who share the same dedication and values that our firm was founded upon: A maniacal focus on driving value through market differentiation while maintaining an unsurpassed customer experience and company culture.

Erica Mullaly


Erica’s business background started in the fast-casual business, where she assisted with the management of the busiest franchise location in South Dakota.  In May, 2011, she graduated from the University of South Dakota with a bachelor’s degree in Business Administration and specialization in Human Resources.  Immediately following graduation, Erica joined the Human Resources department of a wireless retailer, which operated locations throughout the mid-west.  In late 2011 and continuing for the next five years, the wireless retailer expanded to a nationwide footprint.  Following the growth, Erica transitioned roles to the Business Development department, where her main focus was lease and acquisition management.  Mid-2016, Erica exited the wireless business to join Crescent Capital Holdings, where she supports the day-to-day operations of commercial real estate & development, Crescent Property Management and Crescent Real Estate Group.

Kay Bergendahl


After spending a few years with a regional bank, Kay joined a wireless retailer that operated locations in South Dakota and Nebraska.  Kay supported the company’s operations and store count growth to a regional footprint throughout the Midwest.  Late 2011, the wireless retailer joined forces with a financial investor and the company grew to a nationwide footprint over the following five years.   During this time, Kay’s focus was exclusive to overseeing all real estate and small-chain acquisitions.  Mid 2016, Kay exited the wireless business but continues her business development focus.  She currently supports the day-t0-day operations and small-chain acquisitions for Anytime Fitness and CarSwap.  Kay attended the University of South Dakota.

Cody Alderman


Cody’s financial background started in the healthcare sector. His primary focus was preparing and reviewing financial statements for long-term care centers, medical clinics, and a dental clinic. During this time, he worked on projects involving new business development within the healthcare sector and instantly found his niche. Now with Crescent Capital Holdings, he is using his strengths, financial background, and new found love for business development to help investors with new business ventures involving commercial real estate, property management, and automotive dealerships.  Cody is a graduate of the University of South Dakota with a degree in Accounting.

In the News


New dealerships sell cars along 12th Street

After not finding a large enough single location on 12th Street, consignment car dealership Car Swap decided to open in two locations near one another.

One dealership is at 12th Street and Elmwood Avenue. The other is at 12th and Western Avenue. Each offers 45 vehicles that include a “little bit of every make and model,” said partner Randy Huling. Read more …

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