Illiquidity Risk: Interests in the Fund are not publicly traded. There is no secondary market for Fund interests, and none is expected to develop. Investors should be prepared to hold their investment for an indefinite period and may be unable to liquidate their investment when desired.

Business Risk: The Fund invests in operating businesses, de novo ventures, and real estate development. These investments are subject to risks including market competition, regulatory changes, management performance, economic downturns, construction delays, cost overruns, tenant defaults, and other factors that may adversely affect returns.

Loss of Capital: There is no guarantee that any investment made by the Fund will generate a return. Investors may lose some or all of their invested capital.

Limited Operating History: Certain investments, particularly de novo ventures, may have limited or no operating history. Past performance of any portfolio company or prior investment is not indicative of future results.

Concentration Risk: The Fund's portfolio may be concentrated in a limited number of businesses, industries, or geographic areas, which may increase volatility and risk.

Real Estate Risk: Real estate investments are subject to risks including changes in property values, market conditions, interest rates, environmental liabilities, zoning regulations, and the ability to attract and retain tenants.

Healthcare and Regulatory Risk: Investments in healthcare-related businesses are subject to extensive federal, state, and local regulation. Changes in healthcare laws, reimbursement policies, licensing requirements, or compliance standards could materially affect operations and profitability.

Management Risk: The Fund relies on Cross Market Management LLC and its principals to identify, execute, and manage investments. The departure or incapacity of key personnel could adversely impact the Fund's performance.

Tax Risk: Tax treatment of Fund investments may change due to legislative, judicial, or administrative developments. Investors should consult their own tax advisors regarding the specific tax consequences of investing in the Fund.

No Guarantee of Distributions: There is no guarantee that the Fund will make distributions to its members. The timing and amount of any distributions are subject to the Fund's cash flow, operating expenses, and the discretion of management.