0001145549-22-048111.txt : 20220819 0001145549-22-048111.hdr.sgml : 20220819 20220819155823 ACCESSION NUMBER: 0001145549-22-048111 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220630 FILED AS OF DATE: 20220819 DATE AS OF CHANGE: 20220819 PERIOD START: 20230331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CYPRESS CREEK PRIVATE STRATEGIES REGISTERED FUND L P CENTRAL INDEX KEY: 0001279394 IRS NUMBER: 200692072 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21528 FILM NUMBER: 221180702 BUSINESS ADDRESS: STREET 1: 712 W. 34TH STREET STREET 2: SUITE 201 CITY: AUSTIN STATE: TX ZIP: 78705 BUSINESS PHONE: 5126605146 MAIL ADDRESS: STREET 1: 712 W. 34TH STREET STREET 2: SUITE 201 CITY: AUSTIN STATE: TX ZIP: 78705 FORMER COMPANY: FORMER CONFORMED NAME: SALIENT PRIVATE ACCESS REGISTERED FUND L P DATE OF NAME CHANGE: 20170105 FORMER COMPANY: FORMER CONFORMED NAME: ENDOWMENT REGISTERED FUND L P DATE OF NAME CHANGE: 20040210 NPORT-P 1 primary_doc.xml NPORT-P false 0001279394 XXXXXXXX Cypress Creek Private Strategies Registered Fund, L.P. 811-21528 0001279394 549300JXD2W19LONE608 712 W. 34th Street Suite 201 Austin 78705 5126605146 Cypress Creek Private Strategies Registered Fund, L.P. 549300JXD2W19LONE608 2023-03-31 2022-06-30 N 81310611.720980000000 221333.200124600000 81089278.520860000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000980425451 N Cypress Creek Private Strategies Master Fund, L.P. N/A Cypress Creek Private Strategies Master Fund, L.P. 999999999 81310611.71329 OU Other Units USD 81310611.71329 100.2729500083 Long RF US Y N/A N N N 2022-07-29 Cypress Creek Private Strategies Registered Fund, L.P. /s/ Benjamin Murray Benjamin Murray Principal Financial Officer XXXX NPORT-EX 2 ccpssoi_nportex.htm CYPRESS CREEK PRIVATE STRATEGIES MASTER FUND LP JUNE 30 2022 SCHEDULE OF INVESTMENTS

CYPRESS CREEK PRIVATE STRATEGIES MASTER FUND, L.P.

(A Limited Partnership)

Schedule of Investments

June 30, 2022

(Unaudited)

 

   Geographic Region*  Initial Investment Date  Shares   Cost   Fair Value   % of Partners’ Capital 
Private Investments Portfolio                      
Operating Companies                      
Buyout (0.27% of Partners’ Capital)                      
Milton ZXP LLC - Class A Units (2)(4)(6)  North America  February, 2018   6,029    602,900    602,900     
Growth Equity (0.28% of Partners’ Capital)                          
Clovis Point II RIVS Investment, LLC (4)(6)  North America  March, 2019        650,000    618,200     
Venture Capital (0.00% of Partners’ Capital)                          
TasteMade, Inc. (4)  North America  April, 2016   2,582    100,000    -     
                           
Total Operating Companies              1,352,900    1,221,100    0.55%
                           
Private Investment Funds                          
Private Equity                          
Buyout (13.15% of Partners’ Capital)                          
Advent Latin American Private Equity Fund IV-F L.P.  Rest of the World  August, 2007       $201,046   $106,363     
Advent Latin American Private Equity Fund V-F L.P.  Rest of the World  May, 2010        1,339,621    1,352,225     
Darwin Private Equity I L.P.  Europe  September, 2007        1,251,657    33,349      
Intervale Capital Fund, L.P.  North America  May, 2008        1,152,693    1,173,108      
J.C. Flowers III L.P.  Global  October, 2009        1,169,801    254,311      
KF Partner Investments Fund III LP (2)  North America  June, 2020        2,035,867    2,540,040      
Mid Europa Fund III LP  Europe  November, 2007        280,414    928      
Monomoy Capital Partners II, L.P. (1)  North America  May, 2011        1,079,958    1,694,086      
Monomoy Capital Partners III, L.P. (1)  North America  December, 2017        2,427,564    5,041,422      
Reservoir Capital Partners (Cayman), L.P.  North America  June, 2009        305,670    516,269      
Sovereign Capital Limited Partnership III (1)  Europe  March, 2010        -    66,959      
Sterling Capital Partners II, L.P.  North America  August, 2005        190,740    19,942      
Sterling Group Partners III, L.P.  North America  April, 2010        1,086,398    11,733      
Strattam Capital Investment Fund, L.P. (1)  North America  December, 2015        3,192,683    3,788,603      
Strattam Capital Investment Fund II, L.P. (1)  North America  February, 2018        2,716,681    3,778,928      
Strattam Capital Investment Fund III, L.P. (2)  North America  March, 2022        18,898    -      
Strattam Co-Invest Fund V, L.P.  North America  December, 2018        453,214    1,369,164      
Strattam Co-Invest Fund VI, L.P.  North America  December, 2018        532,232    741,402      
Strattam Co-Invest Fund VII, L.P.  North America  September, 2019        413,727    694,243      
Trivest Fund IV, L.P.  North America  November, 2007        12,230    7,450      
Viburnum Equity 4, LP (2)  Global  January, 2022        5,575,002    5,788,839      
Growth Equity (14.99% of Partners’ Capital)                          
Catterton Growth Partners, L.P.  North America  March, 2008        1,929,339    548,995      
Chicago Pacific Founders Fund II, LP  North America  January, 2020        3,309,426    7,107,142      
Clovis Point II, LP  North America  February, 2020        2,196,418    2,191,931      
Crosslink Crossover Fund V, L.P.  North America  May, 2007        316,468    100,127      
Crosslink Crossover Fund VI, L.P.  North America  March, 2007        -    3,376,345      
CX Partners Fund Ltd. (1)  Asia  April, 2009        1,163,083    41,682      
Gavea Investment Fund II A, L.P.  Rest of the World  May, 2007        -    7,415      
Gavea Investment Fund III A, L.P.  Rest of the World  September, 2008        -    36,882      
HealthCor Partners Fund, L.P.  North America  August, 2007        267,397    727,798      
New Horizon Capital III, L.P. (1)  Asia  March, 2009        204,887    272,052      
NGP Energy Technology Partners II, L.P. (1)  North America  July, 2009        744,434    376,148      
Northstar Equity Partners III (1)  Asia  June, 2011        684,337    641,490      
Orchid Asia IV, L.P. (1)  Asia  November, 2007        892,915    1,221,729      
Pine Brook Capital Partners, L.P. (1)  North America  January, 2008        1,748,932    259,531      
Pinto America Growth Fund, L.P.  North America  July, 2006        -    231,566      
Private Equity Investment Fund V, L.P.  North America  April, 2009        5,677,931    3,394,185      
Saints Capital VI, L.P.  North America  April, 2008        1,669,242    404,986      
Trustbridge Partners II, L.P. (1)  Asia  December, 2007        1,095,709    1,344,955      
Trustbridge Partners III, L.P. (1)  Asia  April, 2009        3,246,506    2,226,749      
Trustbridge Partners IV, L.P. (1)  Asia  September, 2011        -    3,202,327      
Trustbridge Partners V, L.P. (1)  Asia  November, 2015        4,525,899    5,313,021      
Private Debt (9.86% of Partners’ Capital)                          
ABRY Advanced Securities Fund, L.P.  North America  August, 2008        -    18,531      
Alloy Merchant Partners, L.P. (1)(2)  Rest of the World  August, 2018        861,494    553,460      
Armadillo Litigation Finance II  North America  February, 2016        -    44,921      
Aviator Capital Fund IV US Feeder, L.P.  Global  March, 2019        2,387,778    2,733,667      
Aviator Capital Mid-Life Us Feeder Fund, LP  Global  December, 2016        2,047,096    3,070,233      
BDCM Opportunity Fund II, L.P.  North America  March, 2006        513,817    138,408      
Colbeck Strategic Lending Onshore Feeder, LP (1)(2)  North America  March, 2017        3,930,533    3,585,958      
Crestline Opportunities Fund III, LLC (1)  Global  August, 2016        2,298,909    3,611,448      
Freedom Participation Partners I, LLC  North America  July, 2016        1,247,460    35,918      
Garrison Opportunity Fund II A LLC  North America  March, 2011        -    832,588      

   

 

Garrison Opportunity Fund LLC    North America  February, 2010        -    14,049      
ILS Property & Casualty Master Fund Ltd.  North America  November, 2014        1,523,944    12,498      
India Asset Recovery Fund L.P.  Asia  October, 2006        -    358      
MatlinPatterson Global Opportunities Partners III, L.P.  Global  July, 2007        865,334    5,549      
Parabellum Partners I, LP  North America  August, 2017        1,231,541    2,500,401      
Parabellum Partners II, LP  North America  August, 2019        2,668,534    2,918,653      
Rosebrook 2018 Co-Invest I, L.P. (3)  Global  January, 2018        1,023,648    1,127,687      
Strategic Value Global Opportunities Fund I-A, L.P.  Global  December, 2006        28,951    216,919      
Tuckerbrook SB Global Distressed Fund I, L.P.  Global  July, 2007        102,897    297,207      
Venture Capital (13.54% of Partners’ Capital)                          
Artis Ventures II, L.P.  North America  November, 2014        1,185,720    2,616,483      
Chrysalis Ventures III, L.P.  North America  December, 2006        208,572    93,784      
Dace Ventures I, LP  North America  June, 2007        361,787    165,358      
Fairhaven Capital Partners, L.P.  North America  March, 2008        1,543,695    360,126      
Founders Fund III, LP  North America  May, 2010        -    5,443,843      
Founders Fund IV, LP  North America  January, 2012        -    7,408,411      
LC Fund IV, L.P. (1)  Asia  May, 2008        1,384,002    76,499      
Sanderling Venture Partners VI, L.P.  North America  June, 2005        94,987    69,727      
Sanderling Venture Partners VI Co-Investment Fund, L.P.  North America  June, 2005        210,432    90,193      
Tenaya Capital V, LP  North America  November, 2007        35,417    114,407      
Tenaya Capital VI, LP  North America  July, 2012        828,830    1,368,543      
The Column Group, LP  North America  September, 2007        966,337    1,510,586      
The Column Group II, LP  North America  October, 2014        1,890,675    4,759,041      
The Column Group III, LP  North America  May, 2016        3,009,644    3,913,136      
Tiger Global Private Investment Partners V, L.P.  Global  January, 2008        1,219,100    1,109,867      
Tiger Global Private Investment Partners VI, L.P.  Global  November, 2010        -    685,103      
Voyager Capital Fund III, L.P.  North America  May, 2007        286,772    79,800      
                           
Total Private Equity  (6)              89,066,925    113,589,780    51.54%
                           
Real Assets                          
Infrastructure (7.62% of Partners’ Capital)                          
Allied Strategic Partners Fund I-A, LP (3)  North America  August, 2021        12,144,654    11,805,438      
ArcLight Energy Partners Fund V, L.P. (1)  Global  December, 2011        540,793    152,586      
EIV Capital Fund II, LP  North America  December, 2014        3,325,323    3,621,532      
EnCap Energy Infrastructure TE Feeder, L.P.  North America  October, 2009        970,574    80,714      
Haddington Energy Partners III, L.P.  North America  April, 2017        604,735    1,131,278      
TPF II-A, L.P.  North America  October, 2008        1,213,282    19,244      
Natural Resources (8.69% of Partners’ Capital)                          
EMG Iron Ore Holdco, LP  Global  April, 2019        476,106    764,143      
EnCap Energy Capital Fund VII-B LP (1)  North America  October, 2007        1,450,088    11,712      
Energy & Minerals Group Fund II, L.P. (1)  Global  November, 2011        2,295,341    2,492,685      
Merit Energy Partners G, L.P.  North America  September, 2009        2,995,744    1,470,293      
Midstream & Resources Follow-On Fund, L.P. (1)  Global  March, 2010        518,415    657,882      
NGP IX Offshore Fund, L.P. (1)  North America  March, 2008        613,572    45,686      
NGP Midstream & Resources, L.P.  North America  October, 2007        976,239    133,551      
Quantum Parallel Partners V, LP  North America  October, 2008        3,824,632    3,782,406      
Sentient Global Resources Fund III, L.P.  Global  July, 2008        2,568,145    656,033      
Sentient Global Resources Fund IV, L.P. (1)  Global  June, 2011        1,833,312    615,428      
Tembo Capital Mining Fund III LP  Global  October, 2021        3,589,167    3,723,270      
Vortus Investments II, LP  North America  August, 2017        1,827,185    2,812,569      
Vortus Investments, LP  North America  January, 2016        3,485,093    2,005,903      
Real Estate (5.76% of Partners’ Capital)                          
Benson Elliot Real Estate Partners II, L.P.  Europe  August, 2006        349,758    5,195      
Cypress Realty VI Limited Partnership  North America  June, 2007        152,140    11,298      
Forum European Realty Income III, L.P.  Europe  February, 2008        820,961    66,014      
GTIS Brazil Real Estate Fund (Brazilian Real) LP  Rest of the World  July, 2008        1,746,593    1,315,549      
Kayne Anderson Real Estate Debt II, L.P. (1)  North America  July, 2017        667,926    629,247      
Kayne Anderson Real Estate Debt, L.P. (1)  North America  June, 2016        542,917    433,406      
Lone Star Real Estate Fund II (U.S.), L.P.  Global  June, 2011        58    2,598      
Monsoon Infrastructure & Realty Co-Invest, L.P.  Asia  February, 2008        1,560,996    1,314,532      
Northwood Real Estate Co-Investors LP (1)  North America  April, 2008        334,774    479,334      
Northwood Real Estate Partners LP (1)  North America  April, 2008        1,082,072    1,387,100      
ORBIS Real Estate Fund I (2)  Asia  November, 2006        1,969,703    386,786      
Patron Capital, L.P. II  Europe  February, 2005        123,803    2,110      
Patron Capital, L.P. III  Europe  July, 2007        604,891    38,995      
Pennybacker IV, LP (1)  North America  February, 2018        1,056,481    1,091,830      
Phoenix Asia Real Estate Investments II, L.P.  Asia  September, 2007        823,410    681,048      
Prescott Strategies Fund I LP  North America  June, 2019        2,317,180    2,208,972      
Red Dot Holdings III, LP (1)  North America  February, 2019        2,934,003    2,552,632      
SBC US Fund II, LP  Rest of the World  June, 2011        789,902    67,246      
Square Mile Partners III LP  North America  April, 2008        710,002    21,504      
                           
Total Real Assets (6)              63,839,970    48,677,749    22.07%
                           
Total Private Investments Portfolio              154,259,795    163,488,629    74.16%

   

 

Cash Management Portfolio                          
Hedge Funds                          
Event Driven (0.49% of Partners’ Capital)                          
BDCM Partners I, L.P.  North America  January, 2011        1,364,736    975,643      
Fortelus Special Situations Fund Ltd. (1)  North America  May, 2010        -    1,824      
Harbinger Capital Partners Special Situations Fund, L.P.  North America  December, 2006        932,188    12,424      
Harbinger Streamline Onshore Fund, L.P.  North America  September, 2021        106,659    101,461      
Global Macro (2.72% of Partners’ Capital)                          
GAM Systematic Core Macro (Cayman) Fund LP  Global  February, 2015        3,500,000    6,008,630      
Relative Value (14.21% of Partners’ Capital)                          
Anomaly Capital, LP  North America  July, 2021        15,003,000    16,756,117      
King Street Capital, L.P. (1)  North America  November, 2009        5,365    46,699      
Magnetar Capital Fund LP  North America  February, 2009        -    44,365      
Middle East North Africa Opportunities Fund, L.P.  North America  July, 2008   728    728,344    10,873      
Millennium USA, LP  North America  April, 2012        -    5,596,449      
PIPE Equity Partners, LLC (2) (4)  North America  August, 2008        3,252,147    -      
PIPE Select Fund, LLC (2) (4)  North America  September, 2008        2,866,761    -      
Stark Select Asset Fund, LLC  North America  July, 2010        -    11,081      
STS Partners Fund, LP  North America  November, 2016        2,108,191    5,998,451      
The 1609 Fund Ltd.  Global  January, 2018   4,280    4,011,531    2,593,702      
Valiant Capital Partners LP  North America  July, 2009        369,529    287,390      
                           
Total Hedge Funds (6)              34,248,451    38,445,109    17.42%
                           
Total Private Investment Funds              123,315,376    152,034,889    91.03%
                           
Other Securities                          
Securities (0.63% of Partners’ Capital)                          
Compass, Inc.  North America  September, 2021   2,342    31,687    8,455      
ORIC Pharmaceuticals, Inc.  North America  November, 2021   20,870    356,460    93,498      
Regatta XV Funding Ltd., Subordinated Note, Principal $5,000,000, 9.90%, due 10/1/2031 (1)(5)(7)  North America  October, 2018        3,118,300    1,200,000      
Warby Parker Inc.  North America  November, 2021   8,269    473,138    93,109      
                           
Total Other Liquid Securities              3,979,585    1,395,062    0.63%
                           
Total Cash Management Portfolio              38,228,036    39,840,171    18.05%
                           
Total Investments             $192,487,831   $203,328,800    92.21%

 

The Master Fund’s total outstanding capital commitments to Investment Funds as of June 30, 2022 were $60,080,208. For certain Investment Funds for which the Master Fund has a capital commitment, the Master Fund may be allocated its pro-rata share of expenses prior to having to fund a capital call for such expenses.

 

All investments are non-income producing unless noted otherwise.

 

 

*The “Rest of World” geographic region represents an investment strategy to make investments domiciled outside of Asia, Europe or North America. The “Global” geographic region represents an investment strategy to make investments domiciled in various locations throughout the world including Asia, Europe, North America and/or the rest of the world.
(1)Income producing investment.
(2)Affiliated investments for which ownership exceeds 5% of the investment's capital.
(3)Affiliated investments for which ownership exceeds 25% of the investment's capital.
(4)Valued in good faith pursuant to procedures approved by the Board of Directors as of June 30, 2022. The total of all such investments represents 0.55% of partners' capital.
(5)CLO subordinated notes are considered CLO equity positions. CLO equity positions are entitled to recurring distributions which are generally equal to the remaining cash flow of payments made by underlying securities less contractual payments to debt holders and fund expenses. The effective yield for the CLO equity position will generally be updated periodically or on transactions such as an add-on purchases, refinancing or reset. The estimated yield and investment cost may ultimately not be realized.
(6)Restricted investments as to resale.
(7)Security exempt from registration under Rule 144A of the Securities Act of 1933. The Security may be sold in transactions exempt from registration, normally to qualified institutional buyers.