About Us

Topwater Capital is a division of Leucadia Asset Management LLC. (“LAM”), a wholly-owned subsidiary of Jefferies Financial Group (NYSE: JEF), a diversified holding company. Topwater Capital is managed by Bryan Borgia and Travis Taylor, who pioneered the first-loss model of fund investments and have been sourcing, structuring, funding and risk monitoring first-loss managed accounts since 2002.

Topwater Capital looks to identify a select group of high pedigree investment managers with defined strategies and allocate capital to them in managed accounts. Investment managers interested in being considered for a managed account allocation are requested to send marketing materials to us at: managers@topwaterpartners.com.