Topwater Partners Offshore Ltd.
Topwater Partners Offshore Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed May 18, 2026, the fund has sold $931,738,890 of interests to 109 investors since its first sale in Jan 2016. 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; Cary Marr; Matthew Smith.
Performance
No verified 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
- $931,738,890Cumulative sales reported on Form D
- Investors
- 109
- First sale
- Jan 1, 2016
- 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; Cary Marr; Matthew Smith
- Latest Form D
- May 18, 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 Offshore Ltd.
What is the minimum investment for Topwater Partners Offshore Ltd.?
According to its latest Form D, filed May 18, 2026, the minimum investment Topwater Partners Offshore Ltd. accepts from an outside investor is $250,000.
Who can invest in Topwater Partners Offshore Ltd.?
Topwater Partners Offshore Ltd. 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 Offshore Ltd. raised?
Topwater Partners Offshore Ltd. reports $931,738,890 sold from 109 investors on its Form D filed May 18, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Topwater Partners Offshore Ltd. based?
Topwater Partners Offshore Ltd. is based in Grand Cayman, Cayman Islands and is managed by Leucadia Asset Management LLC.
When did Topwater Partners Offshore Ltd. launch?
Topwater Partners Offshore Ltd. reports its first sale in Jan 2016.
Size compared with every hedge fund
Raised more than 85% of the 2,363 hedge funds based in Cayman Islands, and more than 89% of all 10,308 that report sales.