Topwater Stonefly Fund LLC
Topwater Stonefly Fund LLC is a hedge fund organized in Delaware, United States and advised by Leucadia Asset Management LLC. Its adviser reported $574,027,229 in gross assets for the fund on Form ADV, filed Jul 3, 2024. It reported 47 beneficial owners, about 14% of it owned by non-U.S. persons. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers.
- Gross assets
- $574,027,229As reported on Form ADV
- Beneficial owners
- 47
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7)
- Fund type
- Hedge fund
- Domicile
- Delaware, United States
- Auditor
- Deloitte & Touche LLP
- Administrator
- UMB Fund Services Inc.
- Prime broker
- J.P. Morgan Securities LLC; Goldman Sachs & Co. LLC; Jefferies LLC
- Custodian
- JP Morgan Chase Bank NA; Jefferies LLC; Goldman Sachs & Co. LLC; J.P. Morgan Securities LLC
- Adviser
- Leucadia Asset Management LLC · New York, NY · CRD 121767
- Reported on
- Jul 3, 2024Adviser's Form ADV
From SEC filings, not verified. This information is republished from the adviser's Form ADV (Schedule D, Section 7.B.(1)) in the SEC's public Form ADV data, which currently runs through filings made by Dec 26, 2024. Figures are as of the adviser's filing and may have changed since. It is not an offer, solicitation or recommendation, AltMountain has not reviewed the fund, and gross assets are not performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Topwater Stonefly Fund LLC
What is the minimum investment for Topwater Stonefly Fund LLC?
Its adviser's Form ADV, filed Jul 3, 2024, does not set a minimum investment for Topwater Stonefly Fund LLC. The offering documents may still require one.
Who can invest in Topwater Stonefly Fund LLC?
Topwater Stonefly Fund 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).
How large is Topwater Stonefly Fund LLC?
Its adviser reported $574,027,229 in gross assets on Form ADV filed Jul 3, 2024. Gross assets include borrowed money and are not the same as net assets or performance.
Who manages Topwater Stonefly Fund LLC?
Topwater Stonefly Fund LLC is advised by Leucadia Asset Management LLC, based in New York, NY.
Who are Topwater Stonefly Fund LLC's service providers?
Its Form ADV lists Deloitte & Touche LLP as auditor and UMB Fund Services Inc. as administrator.