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ckRock's New York headquarters, presumably in a similar role. McBrady's deputy at Silver Creek, Rut Gong, is assuming his responsibilities at the Seattle fund-of- funds operator. Silver Creek, led by Eric Dillon, has $5.5 billion under manage- ment. Portfolio manager Fritz von Carp left New York equ
of Jefferies. Just a few months later, Leucadia bought hedge fund backer Topwater and set up an asset-management unit to house the new busi- ness. Topwater's founders, Bryan Borgia and Davis Taylor, are known for pioneering first-loss seed investments in startup fund operations — deals that require the
cessing, entered the financial- services arena last March with its purchase of Jefferies. Just a few months later, Leucadia bought hedge fund backer Topwater and set up an asset-management unit to house the new busi- ness. Topwater's founders, Bryan Borgia and Davis Taylor, are known for pioneering first
o see even more manager flow. In July of 2013, Boothbay took over investment management of first loss platform of Freestone Capital, a $2.5 billion Seattle-based wealth management firm. The platform, now named Ignition Opportunity Fund, had previously been run by Topwater Partners, before they left to r
trical risk / reward of the opportunity and took 100% of the current and future capacity of Prelude, thereby closing them to new investors forever. Topwater is backed by Leucadia and also to our understanding not open for outside investment. Others will certainly attempt to launch similar platforms but w
k all current and future capacity from them. The other One was called Topwater and was backed exclusively by a private wealth management firm out of Seattle called freestone. They split this summer and now run their platform exclusively for Luceadia (the new owner of Jeffries). Instead o f shutting down
lude and they have one billionaire family who realized their [potential and took all current and future capacity from them. The other One was called Topwater and was backed exclusively by a private wealth management firm out of Seattle called freestone. They split this summer and now run their platform e
Entities connected to both Seattle and Topwater