| Fund ID | 805-6252532197 |
| Fund type | Other Private Fund — HYBRID FUND |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | Yes |
| 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% |
| Owned by the adviser or related persons | 6% |
| Owned by funds of funds | 25% |
| Owned by non-U.S. persons | 68% |
| Fund | Type | Gross assets |
|---|---|---|
| Topwater Master Fund Ltd. | Hedge | $1.33B |
| Topwater Mayfly Fund LLC | Hedge | $801.3M |
| Topwater Stonefly Fund LLC | Hedge | $523.3M |
Point Bonita Capital Master Fund a LLC reports $1.8 billion in gross assets, among the top 4% of private funds by size.
The stated minimum investment is $10 million.
Point Bonita Capital Master Fund a LLC is managed by Leucadia Asset Management LLC.
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.