Leucadia Asset Management Announces Strategic Relationship with Illuminate Financial

NEW YORK–(BUSINESS WIRE)–Leucadia Asset Management, the asset management division of Jefferies Financial Group Inc. (NYSE: JEF), today announced a strategic relationship with Illuminate Financial Management, a venture capital firm that invests in companies and technologies at the forefront of the financial services industry. As part of the transaction, Leucadia Asset Management will commit to investing in Illuminate Financial Management’s venture capital strategy.

Illuminate Financial Management is a thesis-driven venture capital firm dedicated to financial technology and enterprise software companies that create technology solutions for financial services. Existing investors from previous Illuminate Financial Management funds will continue to be additional anchor investors in the third fund, including JP Morgan, S&P Global and Deutsche Börse Group.

“Illuminate Financial Management has considerable experience supporting companies that identify and resolve issues in financial services, an industry in which Jefferies has long-standing expertise and can provide critical insights. This strategic relationship with Leucadia Asset Management will help to expand Illuminate Financial Management’s differentiated position and success, and Illuminate Financial Management’s expertise and access to leading technologies and companies will also benefit Jefferies,” said Nick Daraviras and Sol Kumin, Co-Presidents of Leucadia Asset Management.

“Illuminate Financial Management’s ability to continue to identify investments that capitalize on next-generation financial technology and other technologies for financial services will be significantly enhanced by Leucadia Asset Management’s knowledge and experience, as well as by the expertise and leadership of Jefferies. The resources and support of the Leucadia Asset Management platform will also allow us to focus on finding and funding the best opportunities for our investors,” added Mark Beeston, Founder and Managing Partner of Illuminate Financial Management.

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), a diversified financial services company.

About Illuminate Financial Management

Illuminate Financial Management (Illuminate) is a thesis-driven venture capital firm focused on financial technology and enterprise software companies defining the future of financial services with offices in London, New York and Singapore. Illuminate’s deep networks and trusted partnerships with key industry players provide real insight into industry needs and help their portfolio companies realize their full potential. For more information, visit www.illuminatefinancial.com.

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