Overview
Crystal was formed in 2007. Crystal’s principal owners are The Brod Family 2012 Trust, Nicobro
Holdings, Inc., and Strauss Family 2012 Trust.
Crystal provides nondiscretionary fund management services to certain privately placed limited
liability companies and offshore investment funds (collectively, the “Funds”). Crystal also
provides nondiscretionary fund management services to certain other privately placed limited
liability companies and offshore investment funds (collectively, the “Master Funds”). The Master
Funds operate as “master” funds in a master-feeder fund structure into which the relevant Funds
will invest. The Funds and Master Funds provide registered investment advisers (“Portfolio
Advisors”) and their clients with the ability to create customized segregated portfolios of
exposures to hedge funds and private equity funds portfolios (collectively, the “Portfolios”).
Crystal, as Fund Manager on behalf of the Funds, (i) performs operational due diligence on certain
Other
Funds and Managers (as defined below) and (ii) makes available consolidated reporting and
web-based analytical tools to Portfolio Advisors and/or investors. However, Portfolio Advisors
(on behalf of their clients), or investors of self-directed Portfolios make determinations as to the
suitability or appropriateness of Other Funds and Managers for any particular Portfolio. Portfolio
Advisors and investors of self-directed Portfolios also shall perform any additional due diligence
they deem necessary or appropriate. A Portfolio Advisor selected by their client provides exclusive
advisory services and has full investment discretion with respect to such client’s Portfolio, while
an investor into a self-directed Portfolio assumes full discretionary investment authority with
respect to such Portfolio. Crystal does not assume or accept discretionary authority over any
Portfolios.
As of December 31, 2023, Crystal managed approximately US $871,000,000 in non-discretionary
assets.