The story
Founded in 1981 as Bigler/Crossroads, the firm focused on investing as a limited partner in venture capital funds and, to a lesser extent, other private equity strategies including middle market U.S. leveraged buyout investments and mezzanine capital. Crossroads was also an early investor in secondary interests in existing private equity partnerships.
At the time of its acquisition in 2003, Crossroads managed approximately $2 billion of capital on behalf of its investors. Over its 22-year history, the firm raised 16 Crossroads Funds, and invested with more than 200 private equity firms.
In 1999, Crossroads acquired a $340 million portfolio of direct investments in large to mid-cap companies from Electronic Data Systems (EDS).
From Wikipedia’s article on Crossroads Group, shared under CC BY-SA 4.0.3