Overview
A. Crosstimbers Capital Group, LLC (“Crosstimbers” or the “Adviser”) is a Delaware limited
liability company and has its principal place of business in Houston, Texas. Crosstimbers
acts as an investment adviser to sixteen privately offered closed-end pooled investment vehicles
(each a “Fund” and, collectively, the “Funds”), for sophisticated, qualified investors
(“Investors” or “Limited Partners”) that contribute capital (“Capital Contributions”) to the
Funds held in the Funds’ “Capital Account.” *
The Adviser was formed in 2016. The Adviser’s principal owners are DLH Advisors, LLC,
solely owned by David Hollon, and Treadstone Advisors, LLC, solely owned by Trevor
Brock (with David Hollon and Trevor Brock being collectively referred to as the
“Principals”).
B. Crosstimbers pursues its investment strategy of investing in small to mid-sized enterprises
(“SME”) through managing the Funds. Crosstimbers has discretion with respect to
investment decisions made for the Funds. Crosstimbers
provides investment advisory
services to the Funds based on the investment objectives and strategies described in the
Funds’ confidential offering memoranda and governing documents (referred to collectively
as “Offering Documents”).
C. Crosstimbers has sixteen clients, the Funds. Crosstimbers follows the investment strategy
described in the Funds’ Offering Documents.
D. The Adviser will not participate in wrap fee programs.
E. As of December 31, 2023, the Adviser managed $712,890,579.02 on a discretionary basis.
The Adviser did not have any Client accounts managed on a non-discretionary basis.
* As a registered investment adviser, the Adviser owes a fiduciary duty to all of its clients. In 2006, the decision by
the Court of Appeals for the D.C. Circuit in Goldstein v. SEC, 451 F.3d 873 (D.C. Cir. June 23, 2006), with respect
to private funds, clarified that the “client” of an investment adviser to a private fund is the fund itself and not an
Investor in the fund.