Overview
A. The Firm and Principal Owners
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. Types of Services Offered
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
(“Advisory Mandates”) whereby we construct diversified portfolios and recommend their
implementation. These portfolios 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 advise a Private Fund that invests primarily in equity interests of privately held
companies, but may hold 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. Level of Service Offered
We provide non-discretionary investment management services to our Separately
Managed Accounts and discretionary management services to the Funds we advise.
Generally, we create an investment profile for the client that defines the client’s objectives
and risk profile. Based upon the investment profile, we, as applicable, construct,
recommend, implement and manage the portfolio based upon the client's objectives. We
also monitor the portfolio and make recommendations to modify the portfolio if required.
Separately Managed Account clients are permitted to impose restrictions on investing in
certain securities or types of securities.
D. Portfolio Management Services to Wrap Fee Programs
We do not provide portfolio management services to wrap fee programs.
E. Assets Under Management
As of December 31, 2022, the Firm managed approximately $1.376bn in client assets, of
which $300mm is managed on a discretionary basis and approximately $1.076bn on a non-
discretionary basis.