Form D · Hedge Fund

Topwater Partners LLC

New York, NY · CIK 0001583946

Offering snapshot reported Aug 24, 2026 · SEC filing

Reported sold: $1.23B
Investors reported: 149
Minimum accepted: $250K
First sale: Aug 1, 2013

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$1,214,628,612 → $1,231,958,953

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Aug 24, 2026	Amendment	$1,231,958,953	$17,330,341vs Aug 22, 2025	149	SEC filing
Aug 22, 2025	Amendment	$1,214,628,612	No comparison	Not reported	SEC filing
Aug 22, 2024	Amendment	$1,162,888,276	$69,692,678vs Aug 22, 2023	135	SEC filing
Aug 22, 2023	Amendment	$1,093,195,598	$36,899,256vs Aug 22, 2022	120	SEC filing
Aug 22, 2022	Amendment	$1,056,296,342	$17,647,236vs Aug 20, 2021	109	SEC filing
Aug 20, 2021	Amendment	$1,038,649,106	No comparison	Not reported	SEC filing
Aug 21, 2020	Amendment	$1,021,454,720	$100,575,918vs Aug 21, 2019	94	SEC filing
Aug 21, 2019	Amendment	$920,878,802	$247,092,152vs Aug 21, 2018	89	SEC filing
Aug 21, 2018	Amendment	$673,786,650	$165,259,601vs Aug 21, 2017	84	SEC filing
Aug 21, 2017	Amendment	$508,527,049	$81,148,416vs Aug 26, 2016	77	SEC filing
Aug 26, 2016	Amendment	$427,378,633	$167,639,628vs Jul 30, 2015	60	SEC filing
Jul 30, 2015	Amendment	$259,739,005	$80,739,005vs Aug 13, 2014	44	SEC filing
Aug 13, 2014	Amendment	$179,000,000	$176,000,000vs Aug 14, 2013	27	SEC filing
Aug 14, 2013	Initial	$3,000,000	No comparison	4	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $392K (estimated)
Form D file number: 021-201314

The Issuer is offering an unlimited amount of limited liability company interests. The total amount sold reflects the Issuer's subscriptions from inception through 7/31/2026.

Jefferies LLC serves as placement agent for the Issuer and receives a placement fee from the Manager for its services. The dollar amount shown above reflects payments from inception through 6/30/2026.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Jefferies LLC	2347

Source: Form D, filed Aug 24, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

TOPWATER PARTNERS LLC

Investment adviser: LEUCADIA ASSET MANAGEMENT LLC

Gross asset value: Not reported
Beneficial owners: Not reported
ADV minimum commitment: Not reported

Reported in Form ADV on Apr 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

No provider names available in this fund's imported disclosure.

Provider details

Annual audit: Not reported
Prime brokers: Not reported
Custodians: Not reported
Administrator other than the adviser: Not reported
External marketing: Not reported

Filing source

Form ADV 2102128 · Apr 30, 2026 · Schedule D 7.B.(1), fund 805-1778823375

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

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
N/A Leucadia Asset Management Llc	Executive
Leucadia Asset Management Llc	Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Leucadia Asset Management Llc 520 Madison Avenue
New York, NY, 10022