Raf, L.P.
Redmile Group · adviser of record: Redmile Group, LLC · 2017 vintage
Raf, L.P. is a 2017 venture fund managed by Redmile Group. It reported $231mm in gross assets at year-end 2025, against a peak of $421mm in 2021.
- Latest value held
- $231mm year-end 2025
- Peak
- $421mm year-end 2021
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $231mm | – | -12% over 2 yrs |
| 2023 | $261mm | – | +62% |
| 2022 | $161mm | – | -62% |
| 2021 | $421mm | – | +43% |
| 2020 | $293mm | – | +99% |
| 2019 | $148mm | – | +111% |
| 2018 | $70.1mm | – | – |
| 2017 | $0k | – | – |
Other funds from Redmile Group
- Redmile Growth Investments I, L.P. 2021
- Redmile Biopharma Investments II, L.P. 2018
- Redmile Biopharma Investments I, L.P. 2014
- Redmile Private Investments II, L.P. 2014
- Redmile Private Investments I, L.P. 2012
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-9559455848. Data updated October 13, 2026.
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