LONDON AND BOSTON, August 26 2025 – Partners Capital Investment Group (“Partners Capital”), a global Investment Office, today announced the formation of Pacific Way Capital Management, LLC (“Pacific Way”), a Partners Capital controlled subsidiary, to focus exclusively on the management of the firm’s Managed Account Platform (“MAP”) investments.

Partners Capital has managed the MAP program, a platform of third-party funds aggregating into a multi-Portfolio Manager Absolute Return offering, since 2020 for the sole benefit of its clients. The MAP program currently has $1.7 billion in assets under management as of June 30, 2025.

Leucadia Asset Management (“Leucadia”), the asset management division of Jefferies Financial Group Inc. (NYSE: JEF), will provide acceleration capital to Pacific Way via its strategic relationship, with a view to deepening Pacific Way’s capabilities in the multi-manager strategy landscape. The strategy will remain available to all Partners Capital clients and, in collaboration with Leucadia, will for the first time be open to external investors who may seek exposure to this specific strategy.

Sam Diedrich, Head of the MAP program, will continue to lead the business as Pacific Way’s Chief Investment Officer, with oversight from Partners Capital senior leadership. Pacific Way is independently registered with the SEC and will operate under its own investment and operational infrastructure. Christoph Günther will continue to lead the overall Partners Capital Public Markets investment research across Public Equities and other Absolute Return strategies.

Arjun Raghavan, CEO of Partners Capital commented: “This step is a way to further invest in the MAP program. It has been a strategic priority of Partners Capital to innovate across investment structures on behalf of our clients. The program was built on the foundation of rigorous due diligence and risk-managed portfolio construction. We look forward to working with a highly experienced partner in Leucadia to ensure the platform is appropriately resourced and managed for long-term sustainable growth.”

Nick Daraviras and Sol Kumin, Co-Presidents of Leucadia, added: “We are thrilled to be working with the experienced team at Partners Capital and Pacific Way. We believe there continues to be significant investor demand for multi-manager platforms such as Pacific Way that can deliver sustainable, uncorrelated alpha through market cycles.”

About Partners Capital

Founded in 2001, Partners Capital is a global Investment Office acting for distinguished endowments and foundations, senior investment professionals and prominent families across the globe. With over $60 billion in assets under management as of year-end 2024, the firm constructs customized investment portfolios for its clients tapping into its deep network of partnerships with what it considers exceptional asset managers across all major asset classes. Headquartered in London, the firm employs more than 350 people across its eight offices located in Boston, New York, London, San Francisco, Dallas, Paris, Singapore and Hong Kong. For more information on Partners Capital, please visit: www.partners-cap.com.

About Leucadia Asset Management

Leucadia Asset Management offers institutional clients an innovative range of investment strategies through its affiliated asset managers. Leucadia Asset Management is a division of Jefferies Financial Group Inc. (NYSE: JEF). For more information, please visit: www.leucadia-am.com.

Media Contacts

Partners Capital
Samantha Norquist
pro-partnerscapital@prosek.com

Leucadia Asset Management / Jefferies Financial Group
Jonathan Freedman
212-284-2300
mediacontact@jefferies.com