About us

We’ve
Built Before

Rafferty Holdings is led by builders who have started, scaled, and operated businesses for nearly four decades. That firsthand experience shapes how we evaluate opportunities, partner with management teams, and create long-term value.

Our Story

Rafferty Holdings was founded in 1987 by Larry Rafferty and Tim Cohane. What began as Cohen Rafferty Securities has grown into a diversified investment company with market-leading operating businesses, a venture investment platform, and a real estate business, all built on the same principles that have guided us from the beginning: long-term thinking, disciplined execution, and trusted partnerships.

Our operating companies, including Direxion and Hilton Capital Management, weren't acquired. They were built. That experience gives us a perspective that can't be learned from the boardroom alone. We've faced the challenges of building businesses ourselves, and we bring those lessons to every founder and management team we partner with.



Nearly four decades later, our strategy has expanded, but our philosophy remains the same: build exceptional businesses, invest with conviction, and create lasting value through long-term relationships.

How We Work

Built. Operated. Still growing.

Direxion and Hilton Capital Management weren't acquired, they were built from the ground up. That operating experience informs every investment we make today.

Independent Capital.
Long-Term Thinking.

We invest our own capital, giving us the flexibility to think in decades instead of   fund cycles. That independence keeps us aligned with the businesses we back.

More than capital.

We don't step back after investing. We remain engaged, offering strategic   guidance, operational insight, and access to our network as businesses grow.

Small roster. Big attention.

We invest selectively so every partnership receives meaningful attention from our team. Our goal isn't volume, it's long-term success.
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