Intersection Fintech Ventures, LLC (“Intersection,” the “Firm,” “we,” “us” or “our”), a
Delaware Limited Liability Company, was organized in 2021 and is headquartered in Ross,
CA. Mr. Scott Fletcher (the “Principal”) is the managing member and principal owner of
Intersection.
Intersection provides investment advisory services to two Delaware Limited Partnerships
that are organized as privately pooled private equity funds, Intersection Fintech CIF
Partners, LP (the “CIF Partners Fund”) and Intersection Fintech Ventures I, LLC (the
“Ventures I Fund”). Unless otherwise specified, the CIF Partners Fund and the Ventures
I Fund are each referred to as a “Fund” and collectively, as the “Funds”.
Intersection will manage each Fund pursuant to investment guidelines set forth in the
relevant governing and offering documents of the particular Fund, including any Limited
Partnership Agreement (the “Limited Partnership Agreement”), Investment
Management Agreement, and/or Subscription Agreement (the “Subscription
Agreement”) (unless otherwise specified, each an “Offering Document,” and
collectively, the “Offering Documents”).
Specifically, the Limited Partnership Agreement and Subscription Agreement for each
Fund contains more detailed information about each Fund, including a description of the
investment objective and strategy or strategies employed by each Fund and related
restrictions that serve as a limitation on Intersection’s advice or management.
Intersection will not tailor its advisory services to the individual investors in each Fund
(each an “Investor” or collectively, the “Investors”), or provide Investors with the right
to specify, or restrict a Fund’s investment objectives or any investment decisions.
Accordingly, an investment in a Fund does not create a client-adviser relationship between
such Investors and Intersection.
Each Fund will rely on an exception from the definition of an “investment company”
provided
by Section 3(c)(1) of the U.S. Investment Company Act of 1940, as amended (the
“Investment Company Act”).
Each Investor is strongly encouraged to undertake appropriate due diligence, including but
not limited to a review of relevant Offering Documents (specifically, the Limited
Partnership Agreement and Subscription Documents for the Funds) and the additional
details about Intersection’s investment strategies, methods of analysis and related risks (as
discussed in Item 8 of this Brochure) in considering whether Intersection’s advisory
services, or an investment in a Fund are appropriate to its own circumstances, based on all
relevant factors including, but not limited to, the Investor’s own investment objectives,
liquidity requirements, tax situation and risk tolerance before making an investment
decision.
An affiliate entity of Intersection will generally serve as the General Partner of each Fund
(the “General Partner”). The General Partner of each Fund will have ultimate
responsibility for decisions relating to management and operations made on behalf of the
respective Fund and has ultimate responsibility for the investment decisions made on
behalf of the respective Fund. The General Partner for each Fund has delegated investment
management and advisory responsibilities for each Fund to Intersection.
Intersection will be responsible for making all investment and disposition decisions in
respect of portfolio companies that each Fund contemplates an investment (each a
“Portfolio Company” and collectively, the “Portfolio Companies”).
Additional detailed information about Intersection is provided below, including
information about Intersection’s advisory services, investment approach, personnel and
affiliations.
Intersection will not participate in wrap fee programs.
As of December 31, 2023, Intersection managed $280,249,818 in regulatory assets under
management (“RAUM”), all on a discretionary basis.