Definition: A pattern of notes having characteristic intervals, rhythms and embellishments, used as a basis for improvisation.
We connect the dots for our partners in search of patterns that shift the odds in their favor.
A New York-based private investment and family office advisory firm.
Anchored by our flagship fund, we operate with a flexible mandate and no fixed time horizon. We seek to partner for the long term and prioritize opportunities in which we believe we are uniquely positioned to help improve outcomes. Our approach applies our public markets expertise, institutional training and entrepreneurial sensibilities to private market investments, seeking compounding equity returns.
Our Values
Anchoring our actions.
Our core values guide our behavior and decision making. They enable us to sharpen our craft, expand our horizons and thrive on and off the field.
Authentic Relationships.
We believe that relationships compound over time, and we strive to build trusted partnerships by delivering on our commitments.
Patient Excellence.
We commit only to what we believe we can achieve with a high degree of quality, and we dedicate the time necessary to meet our standards.
Disciplined Curiosity.
As active learners and listeners, we enter every conversation with humility and open-mindedness, and we connect dots across diverse perspectives.
Our Team
Around the table.
Co-CIOs Atul S. Joshi and David B. Heller have successfully managed capital and risk in public and private markets in their respective careers and as investment partners through Raga since 2013. They built an institutionally trained team with entrepreneurial agility and extensive multi-disciplinary experience to improve outcomes for our investors and the companies we back.
Our Process
Investment approach.
We count on a network of trusted relationships to source compelling risk-reward opportunities across stage and sector. Our investment committee brings together a range of experience across disciplines in public and private markets to evaluate, structure and manage investments.
Proprietary Sourcing.
Trusted and longstanding relationships create a proprietary sourcing advantage.
Dynamic Underwriting.
Extensive background in public markets provides a unique perspective as we evaluate private investments and dynamically underwrite our portfolio.
Improving Outcomes.
Deep relationships with management teams allow for a bespoke approach to improving outcomes for each of our portfolio companies.
Our Portfolio
Fund holdings.
Our flagship fund represents the cornerstone of our investment strategy, allowing us to be opportunistic as we seek out category-defining businesses tethered to secular tailwinds.
Avise is a next-generation ERP software solution for high-growth businesses addressing critical accounting pain points faced by CFOs as companies scale.
Joy is a comprehensive parenting support platform dedicated to becoming the go-to resource for all parenting needs.
Kernel is a novel restaurant concept that aims to redefine the category of fast-casual dining.
Longtail Re is a reinsurance company with innovative asset and liability strategies, focused on writing primarily long-tail lines of casualty business.
MSCHF is a next-generation brand and art collective that is creating products and experiences across fashion, art and media.
Made on Earth Games is a mobile game development studio.
Natural Fiber Welding (NFW) is a platform of naturally circular, plastic-free performance materials empowering brands to meet their sustainability goals.
Pacific Park is an iconic amusement park located on the Santa Monica Pier that has become a pillar of entertainment and recreation for locals and tourists alike.
Phy provides wellness and healthcare practitioners with efficient and scalable solutions to help them measure, assess and improve their patients' musculoskeletal health.
Playpack is a studio developing mobile casual games designed with social experiences.
Recurrent is a holding company whose brands serve enthusiast audiences in verticals where content and commerce intertwine.
Resera Capital provides risk analytics and liquidity solutions to private market operators.
Sky Harbour (NYSEAMERICAN: SKYH) is an aviation infrastructure company building the first nationwide network of home-basing campuses for business aircraft.
Torch is a software platform streamlining dental professionals’ procurement process and operations, delivering cost savings and an unmatched user experience.
WaitWhat is a multi-media invention company creating premium content delivered across a range of formats, including audio, video and live events.
Made on Earth Games is a mobile game development studio.
Natural Fiber Welding (NFW) is a platform of naturally circular, plastic-free performance materials empowering brands to meet their sustainability goals.
Pacific Park is an iconic amusement park located on the Santa Monica Pier that has become a pillar of entertainment and recreation for locals and tourists alike.
Phy provides wellness and healthcare practitioners with efficient and scalable solutions to help them measure, assess and improve their patients' musculoskeletal health.
Playpack is a studio developing mobile casual games designed with social experiences.
