Napier Park Global Capital Receives an Allocation from Topwater Capital, Division of Leucadia Asset Management LLC

Napier Park Global Capital (“Napier Park”), a global alternative asset management firm, and Topwater Capital, a division of Leucadia Asset Management LLC (“Topwater Capital”), today announced that Napier Park received a managed account allocation from an investment fund managed by Topwater Capital. The allocation was made to Napier Park’s strategic credit strategy managed by Ram Putcha, an accomplished financial professional with more than 30 years of experience in leading credit strategies for large multi-strategy hedge funds and alternative asset management divisions prior to joining Napier Park.

Travis Taylor who co-heads Topwater Capital with Bryan Borgia, commented, “We are extremely pleased to have added the Napier Park strategic credit strategy to our portfolio. We have tremendous respect for Napier Park as an alternative investment firm and Ram Putcha as a portfolio manager. We look forward to building a profitable, long-term relationship together.”

“Our relationship with Topwater Capital is an example of Napier Park’s commitment to providing clients with innovate, bespoke investment solutions,” said Napier Park co-Managing Partner Jim O’Brien. “We are pleased that Topwater has decided to allocate funds to a Napier Park managed account and we look forward to working together.”

About Napier Park Global Capital

Napier Park Global Capital is an independent alternative asset management firm that manages approximately $5.9 billion as of April 1, 2014. The firm offers a diversified product mix including hedge funds, bespoke client solutions, private investments, CLOs and structured credit to large, sophisticated institutional investors. Napier Park Global Capital has offices in New York, London, Switzerland and Dubai. For more information visit www.napierparkglobal.com

About Topwater Capital

Topwater Capital is a division of Leucadia Asset Management LLC, a wholly-owned subsidiary of Leucadia National Corporation (NYSE:LUK), a diversified holding company. Topwater Capital is managed by Bryan Borgia and Travis Taylor who have been sourcing, structuring, funding and risk monitoring first-loss managed accounts since 2002. For more information visit www.topwaterpartners.com