Our Firm
Cross Creek Advisors, LLC (“Cross Creek” or the “Advisor”) is a registered investment adviser with the
U.S. Securities and Exchange Commission (“SEC”). Cross Creek is organized as a Delaware limited
liability company (“LLC”) and was formed in 2012. The Advisor is principally owned by Karey Barker,
Managing Director of Cross Creek. The Advisor is headquartered in Salt Lake City, Utah.
In 2012, Wasatch and the Cross Creek team jointly recommended and received investor approval for the
transfer of management of the funds to the Advisor. As of January 1, 2013, the Advisor assumed
management of the funds.
The Advisor currently provides investment advisory services to:
• Cross Creek Capital, L.P. (“Capital I”);
• Cross Creek Capital Employees’ Fund, L.P. (“Employees’ Fund or Employees”);
• Cross Creek Capital II, L.P. (“Capital II”);
• Cross Creek Capital III, L.P. (“Capital III”);
• Cross Creek Capital Partners, LLC (“Partners I”);
• Cross Creek Capital Partners II, L.P. (“Partners II”);
• Cross Creek Capital Partners II-B, L.P. (“Partners II-B”);
• Cross Creek Capital Partners III, L.P. (“Partners III”);
• Cross Creek Capital Partners IV, L.P. (“Partners IV”);
• Cross Creek Partners V, L.P. (“Partners V”);
• Cross Creek Partners VI, L.P. (“Partners VI”);
• Cross Creek Partners VII, L.P. (“Partners VII”);
• Cross Creek Focus Fund, L.P. (“Focus I”);
• Cross Creek Focus Fund II, L.P. (“Focus II”);
• Cross Creek Focus Fund II-B, L.P. (“Focus II-B”); and
• Cross Creek Focus Fund II Select. L.P. (“Focus II Select”).
• Cross Creek Lucid, L.P. (“Lucid Fund”);
Partners I, Partners II, Partners II-B, Partners III, Partners IV, Partners V, Partners VI, Partners VII are also
referred to as the “Partner Funds.” Focus I, Focus II, Focus II-B, Focus II Select are also referred to as the
“Focus Funds.” The Partner Funds and Focus Funds are collectively referred to as the “Funds of Funds.”
Capital I, Capital II, Capital III and Employees are also referred to as the “Direct Funds.” Each of Capital
I, Employees, Capital II, Capital III, Partners I, Partners II, Partners II-B, Partners III, Partners IV, Partners
V, Partners VI, Partners VII, Focus I, Focus II, Focus II-B, Focus II Select, and Lucid Fund are referred to
individually as a “Fund” and collectively they are referred to as the “Cross Creek Funds.”
As of December 31, 2023, the Advisor managed approximately $1,336,044,913 in regulatory assets under
management, 1,316,321,959 of which were managed on a discretionary basis and 19,722,954 of which were
managed on a non-discretionary basis.
The Advisor serves as a fiduciary, as defined under applicable laws and regulations, to its clients. As a
fiduciary, the Advisor upholds a duty of loyalty, fairness and good faith towards each client and seeks to
mitigate potential conflicts of interest. Our fiduciary commitment is further described in our Code of Ethics.
For more information regarding our Code of Ethics, please see Item 11 – Code of Ethics, Participation or
Interest in Client Transactions and Personal Trading.
Management Services to Cross Creek Funds
The Advisor tailors its advisory services to the investment objectives and investment restrictions of each
Fund pursuant to the confidential private placement memorandum, limited partnership agreement or limited
liability company agreement, as applicable, and other
governing documents of the Fund (the “Governing
Documents”). The Governing Documents generally set forth the detailed terms and conditions for each
Fund, including the term of the Fund, the fees, expenses, capital contributions, profits and loss allocation,
distributions, investment restrictions, withdrawals and transfers, among other terms. Investors should refer
to the Governing Documents for more complete information on the investment objectives and investment
restrictions with respect to each Fund. There is no assurance that any of the Cross Creek Funds’ investment
objectives will be achieved.
Capital I, Employees, Capital II, Capital III are venture capital funds which generally directly invest in
private companies, with a desire to invest in later-stage private companies which may reasonably be
expected to either go public or be acquired. The Advisor works to identify private companies in this
category and then to conduct due diligence on the companies, determining which are suitable investments
for the Direct Funds. These direct investments are generally made alongside independent venture capital
firms that act as lead investors in the financing rounds.
Partners I, Partners II, Partners II-B, Partners III, Partners IV, Partners V, Partners VI, Partners VII, Focus
I, Focus II, Focus II-B and Focus II Select invest in underlying venture capital funds (the “Underlying
Funds”). Partners III, Partners IV, Partners V, Partners VI, Partners VII (the “Hybrid Funds”) may invest
directly 20% to 30% of its committed capital in portfolio companies as outlined in the Governing
Documents. The Advisor works to identify suitable Underlying Funds, and then works to secure an
invitation to invest in the Underlying Funds. The Advisor conducts due diligence on prospective
investments to determine which are suitable investments. After committing to invest, the Advisor monitors
the activities and results of the investment.
The General Partner or Managing Member of each Fund (the “General Partner”) is responsible for all
investment decisions. The General Partner is responsible for managing the capital committed to the Fund
and for seeking long-term capital appreciation through its recommended investments. In the case of each
Fund, the General Partner is an affiliate of the Advisor. The Advisor provides investment management
services to the General Partners, but the General Partners have ultimate investment discretion and are
responsible for all investment decisions for the Funds.
The Advisor, in its role as an adviser to the Funds, considers the Funds themselves to be its clients. The
investors in the Funds are not deemed to be its clients, except to the extent the federal securities laws require
that it treats the investors in the Funds as its clients. The Advisor does not tailor its advisory services to the
individual needs of investors in the Funds. Generally, investors in a Fund may not impose restrictions on
investing in certain securities or types of securities. Instead, a Fund will operate according to the terms of
its Governing Documents.
In accordance with common industry practice, the General Partner can enter into “side letters” or similar
agreements with certain investors pursuant to which the General Partner grants such investors specific
rights, benefits, or privileges that are not made available to all investors.
Each Fund is a private investment vehicle.