0001145549-24-007019.txt : 20240222 0001145549-24-007019.hdr.sgml : 20240222 20240222115226 ACCESSION NUMBER: 0001145549-24-007019 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240222 DATE AS OF CHANGE: 20240222 PERIOD START: 20240331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CYPRESS CREEK PRIVATE STRATEGIES REGISTERED FUND L P CENTRAL INDEX KEY: 0001279394 ORGANIZATION NAME: 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: 24663316 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 5126605137 Cypress Creek Private Strategies Registered Fund, L.P. 549300JXD2W19LONE608 2024-03-31 2023-12-31 N 77107131.590980000000 236610.125792800000 76870521.465190000000 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 0.000980425160 N Cypress Creek Private Strategies Master Fund, L.P. N/A Cypress Creek Private Strategies Master Fund, L.P. 999999999 77107131.59 OU Other Units USD 77107131.59 100.3078034600 Long RF US Y N/A N N N 2024-01-26 Cypress Creek Private Strategies Registered Fund, L.P. /s/ Frederick C. Teufel, Jr. Frederick C. Teufel, Jr. Principal Financial Officer XXXX NPORT-EX 2 ccpsmastersoi_nportex.htm CYPRESS CREEK PRIVATE STRATEGIES MASTER FUND LP DECEMBER 31 2023 SCHEDULE OF INVESTMENTS

CYPRESS CREEK PRIVATE STRATEGIES MASTER FUND, L.P.

Schedule of Investments

December 31, 2023

(Unaudited)

 

   Geographic Region*  Initial Investment Date   Shares   Cost   Fair
 Value		   % of
Partners’
Capital		  
Private Investments Portfolio                        
Operating Companies                            
Buyout                            
Clovis Point II RIVS Investment, LLC (4)(6)  NAM  2017        $650,000   $25,040       
Milton ZXP LLC - Class A Units (4)(6)  NAM  2018    6,029    602,900    1,205,800       
Venture Capital                            
TasteMade, Inc. (4)  NAM  2015    2,582    100,000    -       
                             
Total Operating Companies               1,352,900    1,230,840   0.58 %
                             
                             
Private Investment Funds                            
Private Debt                            
Private Debt                            
ABRY Advanced Securities Fund, L.P.  NAM  2008         -    4,397       
Alloy Merchant Partners, L.P. (1)(2)  ROW  2018         369,225    51,914       
Aviator Capital Fund IV US Feeder, L.P.  GL  2018         1,753,403    2,177,983       
Aviator Capital Mid-Life Us Feeder Fund, LP  GL  2016         1,725,891    2,520,638       
BDCM Opportunity Fund II, L.P. (1)  NAM  2006         501,759    102,193       
Colbeck Strategic Lending Onshore Feeder, LP (1)(2)  NAM  2016         3,402,915    3,447,001       
Crestline Opportunities Fund III, LLC (1)  NAM  2016         1,563,685    2,466,420       
Freedom Participation Partners I, LLC (1)  NAM  2016         1,247,460    35,912       
Garrison Opportunity Fund II A LLC  GL  2010         -    1,427       
ILS Property & Casualty Master Fund Ltd.  NAM  2014         1,527,813    11,567       
India Asset Recovery Fund L.P.  AS  2006         -    214       
MatlinPatterson Global Opportunities Partners III, L.P.  NAM  2007         859,858    -       
Parabellum Partners II, LP  NAM  2019         2,632,312    3,310,374       
Rosebrook 2018 Co-Invest I, L.P. (3)  ROW  2018         1,023,648    713,437       
Strategic Value Global Opportunities Fund I-A, L.P.  EU  2006         28,951    130,473       
Tuckerbrook SB Global Distressed Fund I, L.P.  GL  2006         102,897    286,574       
                             
Total Private Debit  (6)               16,739,817    15,260,524   7.21 %
                             
Private Equity                            
Buyout                            
Advent Latin American Private Equity Fund IV-F L.P.  ROW  2007         201,045    97,257       
Advent Latin American Private Equity Fund V-F L.P.  ROW  2010         1,125,972    499,897       
Chicago Pacific Founders Fund II, LP  NAM  2019         5,072,463    12,130,564       
Clovis Point II, LP  NAM  2018         2,305,697    1,269,644       
CRC (Atria) Investment Holdings, L.P. (3)(4)  NAM  2022         4,338,131    4,163,395       
Darwin Private Equity I L.P.  EU  2007         1,251,657    18,106       
Intervale Capital Fund, L.P. (1)  NAM  2007         423,099    -       
J.C. Flowers III L.P.  EU  2009         1,142,330    158,585       
KF Partner Investments Fund III LP (2)  NAM  2019         2,061,175    2,634,733       
Monomoy Capital Partners II, L.P.  NAM  2011         988,871    172,904       
Monomoy Capital Partners III, L.P. (1)  NAM  2016         1,478,598    4,455,184       
Reservoir Capital Partners (Cayman), L.P.  GL  2006         22,175    65,098       
Sovereign Capital Limited Partnership III  EU  2009         -    39,468       
Sterling Capital Partners II, L.P.  NAM  2005         190,740    10,496       
Strattam Capital Investment Fund, L.P.  NAM  2014         3,385,264    4,301,472       
Strattam Capital Investment Fund II, L.P.  NAM  2017         2,471,279    4,285,176       
Strattam Capital Investment Fund III, L.P. (2)  NAM  2021         5,251,649    5,095,003       
Strattam Co-Invest Fund V, L.P.  NAM  2018         -    594,416       
Strattam Co-Invest Fund VI, L.P.  NAM  2018         725,757    992,196       
Strattam Co-Invest Fund VII, L.P.  NAM  2019         413,727    844,596       
Strattam Co-Invest Fund IX, L.P. (3)  NAM  2023         3,743,772    4,173,551       
Trivest Fund IV, L.P.  NAM  2007         2,569    -       
Viburnum Equity 4, LP (2)  ROW  2019         6,409,147    7,170,307       
Growth Equity                            
Catterton Growth Partners, L.P. (1)  NAM  2007         1,657,766    -       
Crosslink Crossover Fund V, L.P.  NAM  2007         316,468    128,226       
Crosslink Crossover Fund VI, L.P.  NAM  2011         -    2,390,891       
Gavea Investment Fund II A, L.P.  ROW  2007         -    7,308       
Gavea Investment Fund III A, L.P.  ROW  2008         -    32,519       
HealthCor Partners Fund, L.P.  NAM  2007         270,285    430,763       
LoneTree I, L.P. (3)  NAM  2023         4,541,659    4,083,092       
New Horizon Capital III, L.P.  AS  2008         -    17,461       
NGP Energy Technology Partners II, L.P.(1)  NAM  2008         597,966    532,654       
Northstar Equity Partners III (1)  AS  2011         536,617    273,953       
Orchid Asia IV, L.P. (1)  AS  2007         876,700    19,808       
Pinto America Growth Fund, L.P.  NAM  2005         -    7,034       

 

 

Saints Capital VI, L.P.  NAM  2008         1,659,216    288,631       
Trustbridge Partners II, L.P. (1)  AS  2007         1,007,994    529,210       
Trustbridge Partners III, L.P. (1)  AS  2008         3,245,734    2,028,615       
Trustbridge Partners IV, L.P. (1)  AS  2011         625    2,919,581       
Trustbridge Partners V, L.P.  AS  2014         4,372,653    3,368,897       
Secondaries                            
Private Equity Investment Fund V, L.P.  NAM  2009         5,677,931    3,137,558       
Venture Capital                            
Artis Ventures II, L.P.  NAM  2013         1,085,752    2,015,940       
Chrysalis Ventures III, L.P.  NAM  2006         208,572    74,909       
Dace Ventures I, LP  NAM  2007         347,577    137,651       
Fairhaven Capital Partners, L.P.  NAM  2007         1,556,314    283,423       
Founders Fund III, LP  NAM  2010         -    4,271,554       
Founders Fund IV, LP  NAM  2012         -    5,641,231       
Sanderling Venture Partners VI, L.P.  NAM  2004         94,987    13,690       
Sanderling Venture Partners VI Co-Investment Fund, L.P.  NAM  2004         210,432    58,108       
Tenaya Capital V, LP  NAM  2007         24,309    82,150       
Tenaya Capital VI, LP  NAM  2012         760,163    894,650       
The Column Group, LP  NAM  2007         966,337    750,077       
The Column Group II, LP  NAM  2014         1,999,371    3,930,727       
The Column Group III, LP  NAM  2016         2,942,593    2,279,428       
Tiger Global Private Investment Partners V, L.P. (1)  AS  2008         1,291,552    719,669       
Tiger Global Private Investment Partners VI, L.P. (1)  AS  2010         5,211    381,834       
Voyager Capital Fund III, L.P.  NAM  2006         286,772    41,270       
                             
Total Private Equity  (6)               79,546,673    94,944,560   44.82 %
                            
Real Assets                     
Infrastructure                     
Allied Strategic Partners Fund I-A, LP (1)(3)  NAM  2021         8,216,956    8,648,827       
EIV Capital Fund II, LP (1)  NAM  2014         2,895,591    2,290,162       
Haddington Energy Partners III, L.P.  NAM  2005         -    149,287       
TPF II-A, L.P.  NAM  2008         1,213,282    18,102       
YTM6, LLC (2)  NAM  2022         5,176,817    5,857,793       
Natural Resources                            
EMG Iron Ore Holdco, LP  NAM  2019         476,106    763,595       
Energy & Minerals Group Fund II, L.P. (1)  NAM  2011         2,322,395    2,474,260       
Merit Energy Partners G, L.P. (1)  NAM  2008         2,809,140    1,354,034       
Midstream & Resources Follow-On Fund, L.P.  ROW  2009         518,415    443,792       
NGP IX Offshore Fund, L.P.(1)  NAM  2007         613,623    14,776       
NGP Midstream & Resources, L.P.  ROW  2007         976,239    105,493       
Pine Brook Capital Partners, L.P.  NAM  2007         1,747,294    231,726       
Quantum Parallel Partners V, LP  NAM  2008         2,805,960    422,141       
Sentient Global Resources Fund III, L.P.  ROW  2009         2,085,722    185,953       
Sentient Global Resources Fund IV, L.P. (1)  ROW  2011         1,587,980    225,726       
Tembo Capital Co-Investment Partners I, LP (2)  ROW  2022         7,459,699    7,978,919       
Tembo Capital Mining Fund III LP  GL  2020         7,155,434    8,876,289       
Vortus Investments II, LP (1)  NAM  2017         1,807,346    3,068,604       
Vortus Investments, LP  NAM  2014         2,849,584    645,078       
Real Estate                            
Benson Elliot Real Estate Partners II, L.P.  EU  2006         349,758    6,456       
Forum European Realty Income III, L.P.  EU  2007         820,961    46,235       
GTIS Brazil Real Estate Fund (Brazilian Real) LP  ROW  2008         1,197,791    631,006       
Lone Star Real Estate Fund II (U.S.), L.P.  GL  2009         58    1,705       
Monsoon Infrastructure & Realty Co-Invest, L.P.  AS  2008         941,846    674,870       
Northwood Real Estate Co-Investors LP (1)  NAM  2007         344,614    397,426       
Northwood Real Estate Partners LP (1)  NAM  2007         1,080,976    1,205,050       
ORBIS Real Estate Fund I (2)  AS  2006         1,969,703    336,199       
Patron Capital, L.P. II  EU  2005         123,803    396       
Patron Capital, L.P. III  EU  2007         598,435    30,214       
Pennybacker IV, LP  NAM  2016         1,026,628    449,697       
Phoenix Asia Real Estate Investments II, L.P.  AS  2006         823,410    675,025       
Prescott Strategies Fund I LP  NAM  2017         2,134,503    2,090,406       
Red Dot Holdings III, LP (1)(2)  NAM  2018         2,611,734    2,191,055       
SBC US Fund II, LP  ROW  2011         789,902    27,762       
                             
                             
Total Real Assets (6)               67,531,705    52,518,059   24.80 %
                             
Total Private Investment Funds (6)               163,818,195    162,723,143   76.83 %
                             
Total Private Investments Portfolio               165,171,095    163,953,983   77.41 %
                             
Cash Management Portfolio                            
Hedge Funds                            
Event Driven                            
BDCM Partners I, L.P.  NAM  2019         1,364,735    971,473       
Fortelus Special Situations Fund Ltd.  GL  2019         -    2,048       
Global Macro                            

 

 

GAM Systematic Core Macro (Cayman) Fund LP  GL  2019         8,500,000    10,955,030       
Relative Value                            
Anomaly Capital, LP  GL  2021         15,003,000    18,916,959       
King Street Capital, L.P.(1)  NAM  2019         1,845    42,448       
Magnetar Capital Fund LP  NAM  2020         -    47,115       
Middle East North Africa Opportunities Fund, L.P.  ROW  2019    728    728,344    6,739       
PIPE Equity Partners, LLC (2)(4)  NAM  2003         3,252,147    -       
PIPE Select Fund, LLC (2)(4)  NAM  2009         2,866,761    -       
Stark Select Asset Fund, LLC  ROW  2018         -    10,468       
STS Partners Fund, LP  NAM  2019         -    2,093,726       
The 1609 Fund Ltd.  NAM  2019    3,345    3,715,838    1,346,999       
Valiant Capital Partners LP  NAM  2019         242,459    316,422       
WMA Systematic Equity Alpha Long/Short Onshore Fund LP - Class A  GL  2022         5,004,000    5,291,600       
                             
Total Hedge Funds (6)               40,679,129    40,001,027   18.89 %
                             
Other Securities                            
Securities                            
Regatta XV Funding Ltd., Subordinated Note, Principal $5,000,000, 9.08%, due 10/1/2031 (1)(5)(7)  NAM  2019         3,118,300    900,000       
                             
Total Other Liquid Securities               3,118,300    900,000   0.42 %
                             
Total Cash Management Portfolio               43,797,429    40,901,027   19.31 %
                             
Total Investments              $208,968,524   $204,855,010   96.72 %

 

The Master Fund’s total outstanding capital commitments to Investment Funds as of December 31, 2023 were $70,824,128. 
 
All investments are non-income producing unless noted otherwise. 
                         

 

*The Geographic Regions are abbreviated as follows: Asia (AS), Europe (EU), North America (NAM), Global (GL), and Rest of World (ROW). 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 December 31, 2023.  The total of all such investments represents 2.55% 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.