Timucúan Asset Management Inc.

Timucuan Asset Management provides discretionary investment management to high‑net‑worth individuals, family offices, pension and other institutional investors and also manages pooled investment vehicles, including the Timucuan Fund, L.P. The firm serves separate client accounts, wrap‑fee and sub‑advisory arrangements and requires Fund investors to meet accredited and qualified‑client standards.

The firm’s investment approach is business‑focused and value‑oriented, relying on fundamental analysis to buy companies at discounts to estimated intrinsic value and typically concentrating portfolios in roughly 12–18 businesses with expected holding periods of three to five years. Timucuan’s separate accounts may include bond allocations, while its Timucuan Fund may also invest in private placements and restricted securities not generally held in client accounts.

Timucuan is notable for its role as a private fund adviser and general partner/manager of its Funds and for using performance‑based compensation structures — including a 15% incentive allocation for the Fund subject to a 5% hurdle and an incentive‑fee alternative for larger separate accounts (a 10% quarterly performance fee subject to a high‑water mark). The Brochure discloses the side‑by‑side management and allocation procedures intended to address conflicts arising from these fee arrangements, and the firm does not generally provide comprehensive financial planning or advice on clients’ overall asset allocation.