Form D · Hedge Fund
Topwater Partners Offshore Ltd.
Grand Cayman, E9 · CIK 0001668037
Offering snapshot reported May 18, 2026 · SEC filing
- Reported sold
- $932M Indefinite offering
- Investors reported
- 109 Form D · investor count
- Minimum accepted
- $250K Reported outside-investor minimum
- First sale
- Jan 1, 2016 As reported in this filing
Fundraising history
Reported soldDates 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$768,720,891 → $931,738,890
- Reported investors99 → 109
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| May 18, 2026 | Amendment | $931,738,890 | $163,017,999vs May 16, 2025 | 109 | SEC filing |
| May 16, 2025 | Amendment | $768,720,891 | $39,100,000vs May 17, 2024 | 99 | SEC filing |
| May 17, 2024 | Amendment | $729,620,891 | $146,500,000vs May 18, 2023 | 93 | SEC filing |
| May 18, 2023 | Amendment | $583,120,891 | $70,800,000vs May 18, 2022 | 86 | SEC filing |
| May 18, 2022 | Amendment | $512,320,891 | $46,450,000vs May 19, 2021 | 78 | SEC filing |
| May 19, 2021 | Amendment | $465,870,891 | No comparison | Not reported | SEC filing |
| May 19, 2020 | Amendment | $336,020,891 | $35,808,986vs May 17, 2019 | 56 | SEC filing |
| May 17, 2019 | Amendment | $300,211,905 | $80,617,905vs May 18, 2018 | 49 | SEC filing |
| May 18, 2018 | Amendment | $219,594,000 | $70,314,000vs May 16, 2017 | 31 | SEC filing |
| May 16, 2017 | Amendment | $149,280,000 | No comparison | 20 | SEC filing |
| Apr 7, 2016 | Initial | Yet to sell | No comparison | 1 | 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
- $675K
- Form D file number
- 021-260886
The Issuer is offering an unlimited amount of its Class A and Class B Shares. The Total Amount Sold reflects the Issuer's subscriptions as of May 1, 2026
Jefferies LLC serves as placement agent for the Issuer and receives a placement fee for its services from the Manager of the Issuer.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Jefferies LLC | 2347 |
Source: Form D, filed May 18, 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 OFFSHORE LTD.
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 805-5152294345
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.
| Name | Reported role |
|---|---|
| Ivana Faltysova | Director |
| Roger Hanson | Director |
| N/A Leucadia Asset Management Llc | Executive |
| Cary Marr | Director |
| Geoff Ruddick | Director |
| Matthew B. Smith | Director, Executive |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Grand Cayman, E9, KY1-1108