Raga Partners

Co-CIOs Atul S. Joshi and David B. Heller lead the investment committee. They have managed capital together through Raga since 2013, combining institutional risk-management backgrounds with private-investing experience.

Raga relies on what it calls a proprietary network of trusted, longstanding relationships. The firm does not detail the composition of that network, but it states that these relationships create an advantage in accessing risk-reward opportunities across stages and sectors.

Raga is structured as an asset manager. Its website describes the firm as a private investment and family office advisory firm, anchored by a flagship fund that pools capital to invest across public and private markets.

The firm emphasizes direct engagement with companies and management teams. Its stated approach — proprietary sourcing, dynamic underwriting, and working to improve outcomes — points toward direct and co-investment activity, though it has not publicly disclosed whether it also allocates to outside funds.

The flagship fund operates with a flexible mandate and no fixed time horizon. This permanent-capital-style structure removes the forced exit clock of a standard closed-end fund, letting the firm hold assets it believes will compound over the long term.