Topwater Mayfly Fund LLC

Topwater Mayfly Fund LLC is reported as a hedge fund in Form ADV private-fund disclosures. The adviser is Hoku Inc., based in Tokyo, Kanto, Delaware, Japan.

General hedge fund $25M to $100M $1M to $5M minimum

$28.5Mgross assets

$1.0Mminimum

2owners

3(c)(7)exemption

Disclosure fields

Fund facts

SEC private fund ID805-1883580081

Reference ID248455

JurisdictionDelaware, United States

Fund of fundsNo

Master fundNo

Feeder fundYes

Non-US ownership10%

Assets valued100%

Annual auditYes

GAAPYes

Source periodFebruary 2026

Date submitted02/25/2026

Adviser

Hoku Inc.

TypeExempt reporting adviser

SEC number802-119719

CRD310865

Regulatory AUM$28.5M

Compliance signals

Registration exemption not marked Sales limitation not marked Prime brokers reported No custodian flag

Service providers

Reported counterparties

General partners

Leucadia Asset Management LLC

Auditors

PWC

Prime brokers

MORGAN STANLEY & CO. LLC

Administrators

UMB FUND SERVICES