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Crossroads Group

Medium
Dallas, United States · Founded 1981 · AUM $2 billion · Website
Fund of fundsVenture CapitalLeveraged BuyoutMezzanine CapitalSecondariesCo-investmentsVenture CapitalMiddle Market BuyoutsMezzanine CapitalSecondariesUnited States
Last verified
7/8/2026

Firm Overview

0
Portfolio tracked
4
Sectors
1
Regions
7/8/2026
Last verified

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

Founded in 1981 as Bigler/Crossroads, the firm operated as a private equity fund of funds manager. It primarily focused on investing as a limited partner in venture capital funds, while also participating in middle-market U.S. leveraged buyouts and mezzanine capital. The firm was recognized as an early investor 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.

The firm was acquired by Lehman Brothers in October 2003 to expand its investment management business. Following the 2008 bankruptcy of Lehman Brothers, the Crossroads business became part of Neuberger Berman in 2009.

Founded1981
HeadquartersDallas, United States
AUM$2 billion
Target investment$340 million (notable portfolio acquisition)
StrategiesFund of funds, Venture Capital, Leveraged Buyout, Mezzanine Capital, Secondaries, Co-investments
Sector focusVenture Capital, Middle Market Buyouts, Mezzanine Capital, Secondaries
Geographic focusUnited States

Leadership

Brad Heppner
Founder
Brad Heppner founded the firm in 1981 as Bigler/Crossroads.

Notable Investments

Electronic Data Systems (portfolio acquisition)

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.

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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This profile is based on publicly available information and may be incomplete or outdated.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.

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