Raffles Associates, L.P.

Raffles Associates, L.P. is reported as a hedge fund in Form ADV private-fund disclosures. The adviser is Raffles Capital Management, LLC, based in New York, New York, United States.

General hedge fund $100M to $500M $250K to $1M minimum

$270.2Mgross assets

$250Kminimum

29owners

3(c)(1)exemption

Disclosure fields

Fund facts

SEC private fund ID805-6576164874

Reference ID11859

JurisdictionDelaware, United States

Fund of fundsNo

Master fundNo

Feeder fundNo

Non-US ownership0%

Assets valued100%

Annual auditYes

GAAPYes

Source periodMarch 2026

Date submitted03/27/2026 05:28:14 PM

Adviser

Raffles Capital Management, LLC

TypeRegistered investment adviser

SEC number801-74042

CRD161565

Regulatory AUM$270.2M

Compliance signals

Exempt from registration Sales limited Prime brokers reported Custodians reported

Service providers

Reported counterparties

General partners

Raffles Capital Advisors, LLC

Auditors

COHNREZNICK LLP

Prime brokers

JEFFERIES LLC

Custodians

JEFFERIES LLC

Administrators

STRATEGIC FUND SERVICES