PE Firm · Capital Allocator

Crossroads Group

Medium
Dallas, United States · Founded 1981 · AUM $2 billion · Website
Fund of fundsSecondariesCo-investmentsLeveraged buyoutMezzanine capitalVenture CapitalPrivate EquityNorth America
Last verified
10/8/2026

Firm Overview

0
Portfolio tracked
2
Sectors
1
Regions
10/8/2026
Last verified

The Crossroads Group was a Dallas-based private equity fund of funds firm that focused primarily on venture capital investments.

Founded in 1981 as Bigler/Crossroads, the firm operated as a private equity fund of funds manager based in Dallas, Texas. It specialized in investing as a limited partner in venture capital funds and also engaged in other private equity strategies such as middle-market leveraged buyouts and mezzanine capital. The firm was recognized as an early participant in the private equity secondary market.

Over its 22-year independent history, Crossroads raised 16 funds and established investment relationships with more than 200 private equity firms. In 1999, the firm expanded its activity by acquiring a $340 million portfolio of direct investments from Electronic Data Systems (EDS). The firm was eventually acquired by Lehman Brothers in October 2003 and later became part of Neuberger Berman following Lehman's 2008 bankruptcy.

Founded1981
HeadquartersDallas, United States
AUM$2 billion
Target investment$2B total capital managed
StrategiesFund of funds, Secondaries, Co-investments, Leveraged buyout, Mezzanine capital
Sector focusVenture Capital, Private Equity
Geographic focusNorth America

Leadership

Brad Heppner
Founder
Heppner founded the Crossroads Group in 1981.

Notable Investments

Electronic Data Systems (EDS) portfolio

Historical and current deals referenced in public sources.

Portfolio Companies

Portfolio not yet mapped for Crossroads Group.

We couldn't find a public portfolio page on the firm's website. Operators and representatives are welcome to submit the official list.

Submit Update

Portfolio Web Readiness

Not yet assessed

The assessment covers whether AI crawlers and search engines can reach and parse the public site, page performance, transport and security hygiene, and discoverability.

Observational measurements of these companies' public websites only. Not a rating of the companies, their performance, their management, or their investment merit. Not investment advice. Request a correction or removal via Submit Update.

Sources

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with Crossroads Group and does not provide investment advice.

More PE firms in Venture Capital

Browse the full PE firms directory.