Raison Clients Earn Up to 80% Returns From Rubrik Exit

In June 2021, Raison acquired Rubrik shares at a price of $41.90 per share. By December 2024, the company exited the position at $71.96 per share, including all broker-related costs.

This resulted in a gross return on investment (ROI) of 71.74% and an internal rate of return (IRR) of 15.5%. Depending on individual terms, Raison clients realized between 77.7% and 80.5% gross return, or 66% to 68.3% net return after applicable fees.

How the Rubrik Deal Was Structured

• Entry point: June 2021
• Exit: December 2024
• Holding period: ~3.5 years
• Target company: Rubrik — a U.S.-based cloud data management and cybersecurity company
• Exit price: $71.96/share
• ROI: 71.74%
• IRR: 15.5% annually

This outcome reinforces Raison’s disciplined approach to private equity in the tech space, particularly in late-stage companies preparing for IPO or acquisition.

Consistent Performance Across Portfolio

This successful exit follows another standout investment:

In January 2024, Raison clients earned a 189% net return in just 8 months from the Anthropic deal — the annualized return exceeded 500%.

Such results underscore the firm’s ability to identify and enter high-upside private market opportunities ahead of public exposure.