{"id":491080,"date":"2021-05-11T08:03:46","date_gmt":"2021-05-11T12:03:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/topwater-hard-closes-fund-after-investment-from-top-five-endowment\/"},"modified":"2021-05-11T08:03:46","modified_gmt":"2021-05-11T12:03:46","slug":"topwater-hard-closes-fund-after-investment-from-top-five-endowment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/topwater-hard-closes-fund-after-investment-from-top-five-endowment\/","title":{"rendered":"Topwater Hard Closes Fund After Investment From Top Five Endowment"},"content":{"rendered":"

<\/p>\n

Topwater Hard Closes Fund After Investment From Top Five Endowment<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nTopwater Capital, a division of Leucadia Asset Management, today announced a strategic partnership and investment from one of the five largest Endowments in the U.S. In connection with the partnership, the Endowment has made an investment in Topwater\u2019s first-loss platform on May 1, 2021 and committed to additional investments over a three-year period. The Endowment\u2019s investment coupled with the investment from Jefferies Financial Group Inc. locks up future capacity resulting in a decision to \u201chard close\u201d the Topwater funds.\n<\/p>\n

\nTravis Taylor, who co-heads Topwater Capital with Bryan Borgia, commented, \u201cWe are extremely pleased with this new partnership; it strengthens our offering in the first-loss space and benefits existing and future managers on our platform. Bryan Borgia commented, \u201cThis relationship will provide substantial capital for us to continue making new allocations and secures our position as one of the top allocators in the first-loss space.\u201d\n<\/p>\n

\nNick Daraviras and Sol Kumin, Co-Presidents of Leucadia Asset Management, stated, \u201cThis is a significant milestone for Topwater and we look forward to its continued growth and development under Bryan and Travis\u2019s leadership.\u201d\n<\/p>\n

\nAbout Topwater Capital\n<\/p>\n

\nTopwater Capital is a division of Leucadia Asset Management LLC, a wholly-owned subsidiary of Jefferies Financial Group Inc. (NYSE:JEF) Topwater Capital is managed by Bryan Borgia and Travis Taylor who have been sourcing, structuring, funding and risk monitoring first-loss managed accounts since 2002. For more information visit www.topwaterpartners.com<\/a>.\n<\/p>\n

\nAbout Leucadia Asset Management\n<\/p>\n

\nLeucadia Asset Management (LAM) is engaged in offering institutional clients an innovative range of investment strategies through its affiliated managers. LAM is a wholly-owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.\n<\/p>\n

\nAbout Jefferies Financial Group Inc.\n<\/p>\n

\nJefferies Financial Group Inc. is a diversified financial services company engaged in investment banking and capital markets, asset management and direct investing. Jefferies Group LLC, our largest subsidiary, is the largest independent, global, full-service investment banking firm headquartered in the U.S.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210511005402\/en\/<\/a><\/span><\/p>\n

\nFor media inquiries, please contact:
\n
Richard Khaleel, 1-212-284-2556,
\n
rkhaleel@jefferies.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Accounting Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Topwater Hard Closes Fund After Investment From Top Five Endowment NEW YORK–(BUSINESS WIRE)– Topwater Capital, a division of Leucadia Asset Management, today announced a strategic partnership and investment from one of the five largest Endowments in the U.S. In connection with the partnership, the Endowment has made an investment in Topwater\u2019s first-loss platform on May 1, 2021 and committed to additional investments over a three-year period. The Endowment\u2019s investment coupled with the investment from Jefferies Financial Group Inc. locks up future capacity resulting in a decision to \u201chard close\u201d the Topwater funds. Travis Taylor, who co-heads Topwater Capital with Bryan Borgia, commented, \u201cWe are extremely pleased with this new partnership; it strengthens our offering in the first-loss space and benefits … <\/p>\n

Continue reading “Topwater Hard Closes Fund After Investment From Top Five Endowment”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-491080","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTopwater Hard Closes Fund After Investment From Top Five Endowment - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/topwater-hard-closes-fund-after-investment-from-top-five-endowment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Topwater Hard Closes Fund After Investment From Top Five Endowment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Topwater Hard Closes Fund After Investment From Top Five Endowment NEW YORK–(BUSINESS WIRE)– Topwater Capital, a division of Leucadia Asset Management, today announced a strategic partnership and investment from one of the five largest Endowments in the U.S. In connection with the partnership, the Endowment has made an investment in Topwater\u2019s first-loss platform on May 1, 2021 and committed to additional investments over a three-year period. The Endowment\u2019s investment coupled with the investment from Jefferies Financial Group Inc. locks up future capacity resulting in a decision to \u201chard close\u201d the Topwater funds. Travis Taylor, who co-heads Topwater Capital with Bryan Borgia, commented, \u201cWe are extremely pleased with this new partnership; it strengthens our offering in the first-loss space and benefits … Continue reading "Topwater Hard Closes Fund After Investment From Top Five Endowment"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/topwater-hard-closes-fund-after-investment-from-top-five-endowment\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-11T12:03:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210511005402r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/topwater-hard-closes-fund-after-investment-from-top-five-endowment\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/topwater-hard-closes-fund-after-investment-from-top-five-endowment\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Topwater Hard Closes Fund After Investment From Top Five Endowment\",\"datePublished\":\"2021-05-11T12:03:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/topwater-hard-closes-fund-after-investment-from-top-five-endowment\\\/\"},\"wordCount\":386,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/topwater-hard-closes-fund-after-investment-from-top-five-endowment\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210511005402r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/topwater-hard-closes-fund-after-investment-from-top-five-endowment\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/topwater-hard-closes-fund-after-investment-from-top-five-endowment\\\/\",\"name\":\"Topwater Hard Closes Fund After Investment From Top Five Endowment - 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