A. TheFirmandPrincipalOwners
Raga Partners LP (“Raga” or the “Firm”) provides investment advisory services primarily to
ultra-high net worth individuals and families and family offices (collectively, “Separately
Managed Accounts”) and pooled investment vehicles (“the Funds”). The Firm was founded
in 2021. The principal owner of the Firm is Raga Management LLC. Raga Management LLC
is owned by Atul Joshi individually and through a trust that he controls.
B. TypesofServicesOffered
We provide investment management services to clients both on a discretionary and non-
discretionary basis.
For Separately Managed Accounts, we offer non-discretionary investment advisory services
with respect to securities, financial instruments and other assets included in our client’s
accounts. The assets in these accounts are comprised of the major asset classes (e.g.,
equities, fixed income products, commodities, hedge funds, private capital funds, other
alternative investments, including cryptocurrency, real estate investments and cash
equivalents). We recommend certain investment opportunities to the Separately Managed
Accounts, monitor the assets held in the accounts, and recommend actions with respect to
such assets. We also provide other family office services to our Separately Managed
Account clients.
We also provide discretionary investment advisory services to a Private Fund that invests
primarily in equity interests of privately held companies, but holds publicly traded
securities, as well. We may form additional Funds in the future.
In addition, we have entered into a consulting services agreement
with an SEC-registered
investment adviser pursuant to which we provide non-investment advisory consulting
services. We may enter into similar agreements in the future.
The actual investment strategies and processes employed by the Firm, as well as associated
risks, are discussed in detail in Item 8 below.
C. LevelofServiceOffered
We provide non-discretionary investment management services to our Separately
Managed Accounts. Generally, we recommend certain investment opportunities to the
Separately Managed Accounts, monitor the assets held in the accounts, and recommend
actions with respect to such assets. Separately Managed Account clients are permitted to
impose restrictions on investing in certain securities or types of securities.
We provide discretionary investment management services to the Fund pursuant to an
investment management agreement between Raga, the Fund’s general partner (the
“General Partner”) and the Fund. Raga’s services consist of locating, evaluating, structuring,
negotiating, consummating, and monitoring investments on behalf of the Fund. Raga has
the authority to make investment decisions without consultation with the Fund or its
investors, subject to any limitations set forth in the Fund’s governing documents.
D. PortfolioManagementServicestoWrapFeePrograms
We do not provide portfolio management services to wrap fee programs.
E. AssetsUnderManagement
As of December 31, 2023, the Firm managed approximately $1.725bn in client assets, of
which $290mm is managed on a discretionary basis and approximately $1.436bn on a non-
discretionary basis.