The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
As of Dec 23, 2025
In its 2025 Annual Letter, RD Capital Partners (RDCP) marks its ten-year anniversary since its founding in 2015, reflecting on a decade of compounding that achieved a 73.9% annualized return and grew enterprise value (EV) to $650 million. Founder and CEO Sameer Rizvi outlines a major strategic evolution from 'RDCP 1.0' to 'RDCP 2.0'—transitioning away from the leverage-reliant, opportunistic acquisition model of its 'cigar-butt' era toward a 'See's Candies' era focused on high-quality, asset-backed, and operationally resilient companies. During 2025, RDCP made three key acquisitions: Monarch Healthcare, a portfolio of 12 nursing homes in the UK; DJL Petfoods, a leading pet food ingredients distributor; and a minority stake in STAR Capital Care, marking the firm's initial international expansion into the US healthcare market. Looking forward to 2026 and 2027, the firm intends to focus on building group liquidity, strengthening corporate governance through the newly established RDCP Catalyst Team, and accelerating debt repayment. The firm's long-term goal is to self-fund future investments entirely from its own permanent capital base with minimal reliance on external leverage.
To invest and compound solely from our own permanent capital with limited reliance on external leverage, focusing on wonderful, cash-generative businesses at fair prices.
In 2026 and 2027, RDCP intends to focus firmly on strengthening its existing UK platforms, deleveraging, and building group liquidity. The firm expects steady progress with acquisitions playing a secondary role to integration and cost synergies. Capital allocation to the US market is projected to begin more meaningfully around 2027-2028 as the permanent capital base strengthens.
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