Raffles Associates LP
Raffles Associates LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Mar 10, 2026, the fund has sold $66,500,000 of interests to 94 investors since its first sale in Oct 1996. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Raffles Capital Advisors, LLC; Raffles Capital Management, LLC; Paul O'Leary.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $66,500,000Cumulative sales reported on Form D
- Investors
- 94
- First sale
- Oct 1, 1996
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Raffles Capital Advisors, LLC; Raffles Capital Management, LLC; Paul O'Leary
- Latest Form D
- Mar 10, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Raffles Associates LP
What is the minimum investment for Raffles Associates LP?
Raffles Associates LP's latest Form D, filed Mar 10, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Raffles Associates LP?
Raffles Associates LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Raffles Associates LP raised?
Raffles Associates LP reports $66,500,000 sold from 94 investors on its Form D filed Mar 10, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Raffles Associates LP based?
Raffles Associates LP is based in New York, New York and is managed by Raffles Capital Management, LLC.
When did Raffles Associates LP launch?
Raffles Associates LP reports its first sale in Oct 1996.
Size compared with every hedge fund
Raised more than 48% of the 2,544 hedge funds based in New York, and more than 51% of all 10,308 that report sales.