We’re pleased to present our annual letter for 2019. It’s quite belated – indeed, it also addresses much of 2020 – but we believe it provides helpful insight into our performance to date, and into the Fund as a whole and how we run it. We hope you agree.

We’re proud to report that Nintendo, current heavyweight champ of the console world and 800-ton Godzilla of the increasingly resilient, fast-growing videogame industry, became our largest investment during the tail end of Q4 and early January.

We’re happy to report that accounts managed by Crossroads Capital put up solid results in our first full year of operation.