Investment adviser · CRD 121767

LEUCADIA ASSET MANAGEMENT LLC

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed Apr 30, 2026

Regulatory AUM: $3.06B
Client accounts: 15
Employees: 33
Advisory professionals: 18

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	14	$2,902,444,026	95.0%
Corporations & businesses	1	$153,824,301	5.0%

Filing source

Form ADV 2102128 · Apr 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

21 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

TOPWATER MASTER FUND LTD.Hedge Fund · Last reported Apr 30, 2026$1.34BGross asset value

Feeder funds

Fund administrator UMB FUND SERVICES INC. OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian JP MORGAN CHASE BANK NA NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

JP MORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-4446601570
Reported beneficial owners: 57
Minimum commitment: $1M
Form D file number: 021-201314
Form D file number: 021-260886

Form ADV 2102128 · Apr 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

POINT BONITA CAPITAL MASTER FUND A LLCOther Private Fund · Last reported Apr 30, 2026$1.17BGross asset value

Feeder funds

Fund administrator SS&C FUND SERVICES (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE GEORGE TOWN, Cayman Islands

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No

Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No

Custodian WESTERN ALLIANCE BANK PHOENIX, Arizona, United States Related to adviser: No

Marketer JEFFERIES LLC NEW YORK, New York, United States Related to adviser: Yes

Marketer UEDA YAGI SECURITIES CO., LTD TOKYO, Japan Related to adviser: No

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE
PCAOB 1096

DELOITTE & TOUCHE LLP
PCAOB 34

GOLDMAN SACHS & CO. LLC
SEC 8-129

THE BANK OF NEW YORK MELLON
LEI WFLLPEPC7FZXENRZV18

JEFFERIES LLC
CRD 2347 · SEC 8-15074

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Fund details & source

Fund ID: 805-6252532197
Reported beneficial owners: 151
Minimum commitment: $10M
Form D file number: 021-380765
Form D file number: 021-380770

Form ADV 2102128 · Apr 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TOPWATER MAYFLY FUND LLCHedge Fund · Last reported Apr 30, 2026$770MGross asset value

Fund administrator UMB FUND SERVICES INC. OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States Related to adviser: No

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States Related to adviser: No

Custodian JP MORGAN CHASE BANK NA NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Prime broker BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

BNP PARIBAS SECURITIES CORP.
SEC 8-32682

GOLDMAN SACHS & CO. LLC
SEC 8-129

INTERACTIVE BROKERS LLC
SEC 8-47257

JP MORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

MORGAN STANLEY & CO. LLC
SEC 8-15869

BNP PARIBAS SECURITIES CORP.
CRD 15794 · SEC 8-32682

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-7418791443
Reported beneficial owners: 57
Minimum commitment: $0

Form ADV 2102128 · Apr 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TOPWATER STONEFLY FUND LLCHedge Fund · Last reported Apr 30, 2026$563MGross asset value

Fund administrator UMB FUND SERVICES INC. OGDEN, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: Yes

Custodian JP MORGAN CHASE BANK NA NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

GOLDMAN SACHS & CO. LLC
SEC 8-129

JEFFERIES LLC
SEC 8-15074

JP MORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

J.P. MORGAN SECURITIES LLC
SEC 8-35008

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

JEFFERIES LLC
CRD 2347 · SEC 8-15074

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-2756441721
Reported beneficial owners: 57
Minimum commitment: $0

Form ADV 2102128 · Apr 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

3|5|2 CAPITAL ABS MASTER FUND LPHedge Fund · Last reported Apr 30, 2026$186MGross asset value

Feeder funds

3|5|2 CAPITAL ABS FUND LLC

Fund administrator SS&C FUND SERVICES (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE GRAND CAYMAN, Cayman Islands

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE
PCAOB 1096

DELOITTE & TOUCHE LLP
PCAOB 34

J.P. MORGAN SECURITIES LLC
SEC 8-35008

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-3323998673
Reported beneficial owners: 59
Minimum commitment: $5M
Form D file number: 021-396088

Form ADV 2102128 · Apr 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

JEFFERIES PARTNERS PE FUND 2023 LPPrivate Equity Fund · Last reported Apr 30, 2026$49.6MGross asset value

Form D fundraising filings

Jefferies Partners PE Fund 2023 LP

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No

Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

THE BANK OF NEW YORK MELLON
LEI WFLLPEPC7FZXENRZV18

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 54930042DBMRRWU1QM80

Fund details & source

Fund ID: 805-1259119180
Reported beneficial owners: 94
Minimum commitment: $250K
Form D file number: 021-483866

Form ADV 2102128 · Apr 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

KATHMANDU CAPITAL PARTNERS MASTER FUND, LTD.Hedge Fund · Last reported Apr 30, 2026$26.2MGross asset value

Feeder funds

KATHMANDU CAPITAL PARTNERS FUND, LLC

Fund administrator SS&C FUND SERVICES (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE GEORGE TOWN, Cayman Islands

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian GOLDMAN SACHS & CO. LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No

Marketer JEFFERIES LLC NEW YORK, New York, United States Related to adviser: Yes

Prime broker GOLDMAN SACHS & CO. LLC JERSEY CITY, New Jersey, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE
PCAOB 1096

DELOITTE & TOUCHE LLP
PCAOB 34

GOLDMAN SACHS & CO. LLC
SEC 8-129

MORGAN STANLEY & CO. LLC
SEC 8-15869

JEFFERIES LLC
CRD 2347 · SEC 8-15074

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-2738810662
Reported beneficial owners: 10
Minimum commitment: $5M
Form D file number: 021-440358

Form ADV 2102128 · Apr 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Apr 30, 2026. View historical filings

Reported services

Pooled investment vehicle management · Business portfolio management · Selection of other advisers · Publication of newsletters

Compensation

Percentage of assets · Subscription · Fixed · Performance-based

Principal office

520 MADISON AVENUE
NEW YORK, NY, 10022-4213, United States

CRD 121767

Filing source

Form ADV 2102128 · Apr 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.