Topwater Mayfly Fund LLC
Hedge FundFund ID 805-7418791443Delaware, United States
Gross assets
$769.9M
Min. investment
—
Beneficial owners
57
Size rank
Top 10%
Audited
Yes
Structure
Standalone
About this fund
Topwater Mayfly Fund LLC is a hedge fund managed by Leucadia Asset Management LLC. The fund reports $769.9 million in gross assets, placing it among the top 10% of private funds by size. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-7418791443 |
| Fund type | Hedge Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 100% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Topwater Master Fund Ltd. | Hedge | $1.34B |
| Point Bonita Capital Master Fund a LLC | Other Private | $1.17B |
| Topwater Stonefly Fund LLC | Hedge | $563.4M |
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Join to unlock · $37/moFrequently asked questions
How large is Topwater Mayfly Fund LLC?
Topwater Mayfly Fund LLC reports $769.9 million in gross assets, among the top 10% of private funds by size.
Who manages Topwater Mayfly Fund LLC?
Topwater Mayfly Fund LLC is managed by Leucadia Asset Management LLC.
Does Topwater Mayfly Fund LLC disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
L
New York, NY
Service providers
Reported gross assets
$769.9M▼ 4%
Feb '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 10%
Larger than 90% of 67,041 private funds
Gross assets vs Hedge FundsTop 19%
Larger than 81% of 12,442 hedge funds
Investor base
Adviser & related persons7%
Funds of funds%
Non-U.S. persons2%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.