Cross Creek Fund of Funds is a venture capital firm that invests in leading venture-backed companies and venture funds.
The firm has taken a pioneering approach to venture investing since 2006, cultivating strong partnerships with top-tier venture-backed companies and venture funds.
With its public equity DNA, Cross Creek drives connectivity to its extensive network of public equity investors.
The firm has raised a total of $61.1M across five funds, with its latest being Cross Creek Focus Fund II, L.P. The fund was announced on Apr 6, 2023, and raised a total of $61.1M.
Cross Creek invests in companies that have the potential to grow exponentially and become market leaders.
The firm’s investment strategy combines public market expertise with venture investing to seek superior outcomes for its investors.
Cross Creek Fund of Funds’ investment philosophy is to invest in companies that are creating innovative solutions to complex problems.
The firm’s team has a wealth of experience in venture investing, public equity investing, and entrepreneurship.
They work closely with their portfolio companies to provide strategic guidance, operational support, and access to their extensive network of industry experts and investors.
Key Takeaways
- Cross Creek Fund of Funds invests in leading venture-backed companies and venture funds.
- The firm’s investment strategy combines public market expertise with venture investing to seek superior outcomes for its investors.
- Cross Creek Fund of Funds’ team has a wealth of experience in venture investing, public equity investing, and entrepreneurship.
Fundamentals of Cross Creek Fund of Funds
Cross Creek Fund of Funds is a venture platform that invests in private high-growth companies and venture funds. The firm is inside of the Wasatch Global Investors, a small-cap, public equity investment manager, to gain visibility into late-stage private companies.
Investment Strategy
Cross Creek Fund of Funds invests in a diversified portfolio of early and late-stage venture capital funds and direct investments in high-growth private companies.
The firm seeks to invest in companies with a strong competitive advantage, a scalable business model, and a proven track record of success.
Cross Creek Fund of Funds also invests in funds that focus on specific sectors, such as technology, healthcare, and consumer goods.
By investing in a diversified range of funds and companies, Cross Creek Fund of Funds aims to provide its investors with exposure to high-growth sectors while mitigating risk.
Risk Management
Cross Creek Fund of Funds employs a rigorous due diligence process to identify and mitigate investment risks. The firm conducts extensive research on potential investments, including analyzing financial statements, meeting with management teams, and conducting market research.
In addition, Cross Creek Fund of Funds maintains a diversified portfolio of investments to mitigate risk.
The firm also closely monitors its investments to identify any potential risks and takes proactive measures to address those risks.
Overall, Cross Creek Fund of Funds’ investment strategy and risk management approach aim to provide its investors with strong returns while mitigating risk.
Additional Details
Performance History
Cross Creek Capital Partners II is a fund of venture capital fund managed by Cross Creek. The fund invests in the software sector across the United States.
According to Crunchbase, Cross Creek has raised a total of $61.1M across 5 funds, their latest being Cross Creek Focus Fund II, L.P. This fund was announced on Apr 6, 2023 and raised a total of $61.1M.
The portfolio companies and funds identified and described on the Cross Creek website may not represent all of the portfolio companies and funds purchased, sold or recommended for funds advised by Cross Creek Advisors.
Not all acquisitions or IPOs are profitable; the positions can be acquired at a price that is greater or less than the price at which Cross Creek purchased its interest for client accounts.
Management Team
Cross Creek is a venture platform that invests in private high-growth companies and venture funds. The firm is inside of the Wasatch Global Investors, a small-cap, public equity investment manager, to gain visibility into late-stage private companies.
As per the Preqin website, the management team of Cross Creek includes Peter Jarman as Managing Director and Tyler Christenson as Managing Director.
The firm has a team of experienced investment professionals that have deep industry expertise and a proven track record of identifying and investing in high-growth companies. The team is committed to working closely with portfolio companies to help them achieve their full potential and create long-term value for investors.
Frequently Asked Questions
What are the top holdings of Cross Creek fund of funds?
Cross Creek Fund of Funds invests in a diversified portfolio of venture capital funds. As a result, it does not have any direct holdings of individual companies. However, some of the top funds in which it invests include Sequoia Capital, Bessemer Venture Partners, and Accel Partners.
How large is the Cross Creek fund of funds?
As of the latest available information, Cross Creek Fund of Funds manages approximately $1.5 billion in assets.
Who are the owners of Cross Creek fund of funds?
Cross Creek Fund of Funds is a subsidiary of Wasatch Advisors, a Utah-based investment management firm. Wasatch Advisors was founded in 1975 by Samuel S. Stewart and manages over $22 billion in assets.
What is a venture capital fund of funds?
A venture capital fund of funds is a type of investment fund that invests in other venture capital funds. This provides investors with exposure to a diversified portfolio of venture capital investments, which can help to reduce risk and increase potential returns.
What is the structure of a fund of funds?
A fund of funds is a type of investment fund that pools money from multiple investors and invests that money in other investment funds. This allows investors to gain exposure to a diversified portfolio of investments without having to select individual investments themselves.
What is the role of a fund of funds?
The role of a fund of funds is to provide investors with exposure to a diversified portfolio of investments. By investing in multiple investment funds, a fund of funds can help to reduce risk and increase potential returns. Additionally, fund of funds managers are responsible for selecting and monitoring the underlying investment funds, which can help to ensure that investors are exposed to high-quality investment opportunities.
