DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Ra Capital Management, LP

Asset manager (funds and pooled vehicles)Boston, MassachusettsCRD 160174SEC 801-73980websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Feb 14, 2012 · 34 filings
SEC status approved since Mar 30, 2012
RAUM
$16B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
185
95 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
6
reported on Schedule D
History
34 filings and snapshots on the tape
RAUM$16B as of Mar 31, 2026
Mar 28, 2013$391M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20130 then
Employees (5.A)185 as of Mar 31, 2026
Mar 28, 201315 then
Private funds6 as of Mar 31, 2026
Mar 28, 20131 then
RAUM +30% over the last fiscal year+19% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$1.3BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
+30%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$16B100%
  • Corporations and businesses$62.2M0.4%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
13reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      5 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Ra Capital Healthcare Fund, LPHedge Fund$9.4B1,046Feb 14, 2012
      Ra Capital Nexus III Fund, L.P.Venture Capital Fund$1.0B234Feb 11, 2022
      Ra Capital Nexus II Fund, L.P.Venture Capital Fund$430M196Feb 26, 2021
      Ra Capital Nexus Fund, L.P.Venture Capital Fund$309M95Jul 12, 2019
      Ra Capital Planetary Health Fund, LPVenture Capital Fund$62.2M17Nov 29, 2023
      Owners and control persons
      Schedule A and B, latest filing
      • James Christopher Caliri · Chief Information Officercontrol
        since 12/2018 · owns less than 5%
      • (Nmn) Peter Kolchinsky · Portfolio Managercontrol
        since 10/2019 · owns less than 5%
      • Watt Burgess Sarah Reed · General Counselcontrol
        since 10/2019 · owns less than 5%
      • Paul Eric Rose · Chief Compliance Officercontrol
        since 10/2019 · owns less than 5%
      • Michael Saulnier · Chief Financial Officercontrol
        since 01/2021 · owns less than 5%
      • Mahesh Rajeev Shah · Portfolio Managercontrol
        since 10/2019 · owns less than 5%
      • (Nmn) Peter Kolchinsky · Trusteecontrol
        since 10/2019 · owns F of Peter Kolchinsky Revocable Trust
      • Mahesh Rajeev Shah · Trusteecontrol
        since 10/2019 · owns F of Rajeev M. Shah Family Revocable Trust
      • H. (Mi Only) Richard Aldrich · Partner
        since 10/2019 · owns 10% to 25%
      Entity owners
      • Peter Kolchinsky Revocable Trust · Partner
        direct · owns 50% to 75%
      • Rajeev M. Shah Family Revocable Trust · Partner
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • Ra Capital Healthcare Fund Gp, LLC
        pooled vehicle sponsory
      • Ra Capital Nexus Fund Gp, LLC
        pooled vehicle sponsory
      • Ra Capital Nexus Fund II Gp, LLC
        pooled vehicle sponsory
      • Ra Capital Nexus Fund III Gp, LLC
        pooled vehicle sponsory
      • Ra Capital Planetary Health Fund Gp, LLC
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      • San Francisco, CA2 employees
      What changed
      consecutive filings, newest first
      • Accounts · 11 to 13
        Aug 27, 2025 to Mar 31, 2026
      • Advisory employees · 96 to 95
        Aug 27, 2025 to Mar 31, 2026
      • Corporate clients · unset to 1.0
        Aug 27, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 10 to 12
        Aug 27, 2025 to Mar 31, 2026
      • Employees · 160 to 185
        Aug 27, 2025 to Mar 31, 2026
      • Financial planning clients · to 0
        Aug 27, 2025 to Mar 31, 2026
      • Discretionary RAUM · $13B to $16B
        Aug 27, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $13B to $16B
        Aug 27, 2025 to Mar 31, 2026
      • RAUM · $13B to $16B
        Aug 27, 2025 to Mar 31, 2026
      • Private funds · 5 to 6
        Mar 31, 2025 to Aug 27, 2025
      • Advisory employees · 80 to 96
        Mar 29, 2024 to Mar 31, 2025
      • Employees · 130 to 160
        Mar 29, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Mar 31, 2025
      • Other offices · 1 to 2
        Mar 29, 2024 to Mar 31, 2025
      • Discretionary RAUM · $11B to $13B
        Mar 29, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $11B to $13B
        Mar 29, 2024 to Mar 31, 2025
      • RAUM · $11B to $13B
        Mar 29, 2024 to Mar 31, 2025
      • Accounts · 9 to 11
        Nov 29, 2023 to Mar 29, 2024
      • Advisory employees · 70 to 80
        Nov 29, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 8 to 10
        Nov 29, 2023 to Mar 29, 2024
      • Employees · 122 to 130
        Nov 29, 2023 to Mar 29, 2024
      • Other offices · 0 to 1
        Nov 29, 2023 to Mar 29, 2024
      • Discretionary RAUM · $9.7B to $11B
        Nov 29, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $9.5B to $11B
        Nov 29, 2023 to Mar 29, 2024
      • RAUM · $9.7B to $11B
        Nov 29, 2023 to Mar 29, 2024
      • Private funds · 4 to 5
        Apr 3, 2023 to Nov 29, 2023
      • Advisory employees · 61 to 70
        Mar 31, 2022 to Mar 31, 2023
      • Employees · 113 to 122
        Mar 31, 2022 to Mar 31, 2023
      • Discretionary RAUM · $10B to $9.7B
        Mar 31, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $10.0B to $9.5B
        Mar 31, 2022 to Mar 31, 2023
      • RAUM · $10B to $9.7B
        Mar 31, 2022 to Mar 31, 2023
      • Advisory employees · 53 to 61
        Feb 11, 2022 to Mar 31, 2022
      • Employees · 99 to 113
        Feb 11, 2022 to Mar 31, 2022
      • Discretionary RAUM · $12B to $10B
        Feb 11, 2022 to Mar 31, 2022
      • Pooled vehicle RAUM · $11B to $10.0B
        Feb 11, 2022 to Mar 31, 2022
      • RAUM · $12B to $10B
        Feb 11, 2022 to Mar 31, 2022
      • Accounts · 7 to 9
        Mar 31, 2021 to Feb 11, 2022
      • Pooled vehicle clients · 6 to 8
        Mar 31, 2021 to Feb 11, 2022
      • Private funds · 3 to 4
        Mar 31, 2021 to Feb 11, 2022
      • Discretionary RAUM · $12B to $12B
        Mar 31, 2021 to Feb 11, 2022
      Signals
      14 dated events
      • Ra Capital Management, Lp reported RAUM $16.4B, up 30% from $12.6B (2025-08-27 to 2026-03-31)
        Mar 31, 2026 · RAUM change · derived
      • James Alexander Pieter Boelhouwer (Managing Director Of Strategy And Operations) no longer on Schedule A of Ra Capital Management, Lp (listed 2023-11-29, absent 2024-03-29)
        Mar 29, 2024 · Control person left · inference
      • Ra Capital Management, Lp reported RAUM $11.5B, up 148% from $4.6B (2021-02-26 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • Michael Saulnier (Chief Financial Officer) appeared on Schedule A of Ra Capital Management, Lp
        Mar 31, 2021 · Control person joined · fact
      • Lynn Amanda Daniels (Chief Operating Officer) no longer on Schedule A of Ra Capital Management, Lp (listed 2021-02-26, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Cheong Kai Wu (Chief Financial Officer) no longer on Schedule A of Ra Capital Management, Lp (listed 2021-02-26, absent 2021-03-31)
        Mar 31, 2021 · Control person left · inference
      • Ra Capital Management, Lp reported RAUM $4.6B, up 39% from $3.3B (2019-11-06 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Ra Capital Management, Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Nov 1, 2019 · Succession (Item 4) · fact
      • Paul Eric Rose (Chief Compliance Officer) appeared on Schedule A of Ra Capital Management, Lp
        Nov 1, 2019 · Control person joined · fact
      • Watt Burgess Sarah Reed (General Counsel) appeared on Schedule A of Ra Capital Management, Lp
        Nov 1, 2019 · Control person joined · fact
      • Maria Natasha Kassian (General Counsel, Chief Compliance Officer) no longer on Schedule A of Ra Capital Management, Lp (listed 2019-08-20, absent 2019-11-01)
        Nov 1, 2019 · Control person left · inference
      • Ra Capital Management, Lp reported RAUM $2.7B, up 57% from $1.7B (2018-03-30 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • James Christopher Caliri (Chief Information Officer) appeared on Schedule A of Ra Capital Management, Lp
        Mar 29, 2019 · Control person joined · fact
      • Ra Capital Management, Lp reported RAUM $1.8B, up 33% from $1.3B (2017-04-06 to 2018-01-02)
        Jan 2, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/rapport-bioreportedpublic record, Form ADV, Sep 18, 2026
      Firm profile
      linkedin.com/company/ra-capital-ravenreportedpublic record, Form ADV, Sep 18, 2026
      Website
      rapport.bioreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      617-778-2500reportedpublic record, Form ADV, Mar 31, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026