AltMountain

Topwater Partners LLC

New York, NY · CIK 1583946 · Managed by Leucadia Asset Management LLC

Topwater Partners LLC is a hedge fund based in New York, New York. According to its most recent Form D, filed Aug 24, 2026, the fund has sold $1,231,958,953 of interests to 149 investors since its first sale in Aug 2013. The minimum investment it accepts from an outside investor is $250,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Leucadia Asset Management LLC.

Performance

No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.

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Total raised
$1,231,958,953Cumulative sales reported on Form D
Investors
149
First sale
Aug 1, 2013
Minimum investment
$250,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Leucadia Asset Management LLC
Latest Form D
Aug 24, 2026

From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction

Questions about Topwater Partners LLC

What is the minimum investment for Topwater Partners LLC?

According to its latest Form D, filed Aug 24, 2026, the minimum investment Topwater Partners LLC accepts from an outside investor is $250,000.

Who can invest in Topwater Partners LLC?

Topwater Partners LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.

How much has Topwater Partners LLC raised?

Topwater Partners LLC reports $1,231,958,953 sold from 149 investors on its Form D filed Aug 24, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is Topwater Partners LLC based?

Topwater Partners LLC is based in New York, New York and is managed by Leucadia Asset Management LLC.

When did Topwater Partners LLC launch?

Topwater Partners LLC reports its first sale in Aug 2013.

Size compared with every hedge fund

Raised more than 90% of the 2,545 hedge funds based in New York, and more than 92% of all 10,309 that report sales.

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