Cullen/Frost Bankers, Inc.

Overview

Cullen/Frost Bankers, Inc. is a diversified financial services company headquartered in San Antonio, Texas. Established in 1868, the company offers a wide range of banking, investment, and insurance services to businesses and individuals across Texas. Its investment management division, CF Private Equity, has a 36-year track record of partnering with industry-leading managers to create investment solutions covering a broad range of global opportunities. CF Private Equity focuses on buyouts, growth equity, and venture capital, with a global platform and local presence in the U.S., Europe, and Asia. The firm seeks to construct portfolios that include smaller, geographic, and sector specialist managers with industry and operational expertise, employing a disciplined investment process. CF Private Equity has raised $9.4 billion since inception in buyouts and growth equity and $7.3 billion in venture capital, investing in technology and software-enabled opportunities globally across enterprise, consumer, healthcare, and blockchain sectors. The company's portfolio is diversified across 13 sectors, with a heavy emphasis on consumer discretionary, making up 12.1% of the total portfolio value. Cullen/Frost Bankers' investment strategy focuses on investments in the United States, with 28.2% of the portfolio companies based in the U.S. The majority of the companies in the fund’s portfolio are large-cap stocks, with stocks over $10 billion in market cap making up 16% of the total holdings value. The average market cap of the portfolio companies is close to $41.6 billion.

Investment Focus

• Focus on U.S.-based companies
• Preference for large-cap stocks

Portfolio Companies