Leucadia Asset Management LLC (“LAM”, the “Investment Manager”, or “we”), a registered investment adviser, is a
wholly owned subsidiary of Jefferies Financial Group Inc. (“Jefferies”). LAM, established in 2002, has been registered
as an investment adviser with the Securities and Exchange Commission (“SEC”) since January 2003. LAM provides
investment advisory and portfolio management services to private investment funds and separately managed
accounts. This Brochure relates only to the Investment Manager’s Jefferies Family Office Division (“JFO”). JFO
engages in the business of offering advisory and portfolio management services to current senior employees, board
members and senior advisers of Jefferies, certain members of Jefferies’ senior management and subsidiaries of
Jefferies through private funds, including the Jefferies Private Equity Funds and the Jefferies Venture Capital Funds
(each as defined below). Our other brochures describe other services which we offer outside of JFO.
Our principal place of business is in New York, New York, where we perform portfolio management, research,
systems development, investment, operations, accounting, legal and compliance functions. Various affiliates of LAM
perform administrative functions and services (such as Human Resources, Information Technology, Accounts
Payable, Treasury, and Purchasing) in New York, New York, Jersey City, New Jersey and other U.S. locations of
Jefferies and its subsidiaries.
JFO will initially serve as the investment manager of two distinct groups of investment offerings; (i) Jefferies
Partners PE Fund 2023 LP, a Delaware limited partnership (the “U.S. PE Fund”) and Jefferies Partners PE Fund 2023
(Cayman) LP, a Cayman Islands exempted limited partnership (the “Non-U.S. PE Fund” and together with the U.S. PE
Fund, the “Jefferies Private Equity Funds”), which intend to invest in private equity funds, secondaries or other
similar “closed-end” investment funds, co-investments or similar direct investments and (ii) Jefferies Partners VC
Fund 2023 LP, a Delaware limited partnership (the “U.S.
VC Fund”), Jefferies Partners VC Fund 2023 (Cayman) LP, a
Cayman Islands exempted limited partnership (the “Non-U.S. VC Fund”) and Jefferies Partners VC Fund 2023
(Dedicated) LP, a Delaware limited partnership (the “Dedicated VC Fund” and together with the U.S. VC Fund and
the Non-U.S. VC Fund, the “Jefferies Venture Capital Funds” and, together with the Jefferies Private Equity Funds,
each a “Fund” and together the “Funds”), which intend to invest in venture capital direct investments, co-
investments and venture capital funds, or other similar early-stage “closed-end” investment funds. Only select
current senior employees, board members and senior advisers of Jefferies, certain members of Jefferies’ senior
management and subsidiaries of Jefferies may invest in the Funds.
Our affiliate, Jefferies Partners PE GP LLC (the “PE General Partner”), a Delaware limited liability company, serves
as the general partner of the Jefferies Private Equity Funds. Our affiliate, Jefferies Partners VC GP LLC (the “VC
General Partner”), a Delaware limited liability company, serves as the general partner of the Jefferies Venture Capital
Funds. The PE General Partner and VC General Partner have the ultimate power and authority to manage the
business and legal affairs of these Funds, subject to certain consent rights of the investment committees and conflicts
advisory committees of these Funds. The PE General Partner and VC General Partner have each delegated all of their
authorities to act on behalf of the Funds, including investment decision making and administration responsibilities,
to JFO. References to “us” include the PE General Partner and the VC General Partner, as the context requires.
The JFO strategy seeks to generate attractive risk-adjusted returns primarily in both private equity investment and
venture capital investments. As part of the JFO investment strategy, the Funds’ may use leverage when the
Investment Manager deems it appropriate. The amount of leverage may be changed from time-to-time at the
discretion of the Investment Manager.
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