Crossroads Capital's letter to partners for the third quarter ended September 30, 2024.
Dear Friends and Partners,
During the third quarter of 2024, Crossroads Capital Investment Partners, LP (the “Fund”) appreciated by 4.2% net of all fees and expenses, bringing YTD net returns to 8.9%. Since inception, and over the last five years, the partnership has compounded at 15.7% and 17.9% net, respectively.
As of September 30th, 2024, the Fund’s total gross exposure stood at 94.4%. Net long exposure was 80.3%, with 6% of holdings in cash. Our...