The Raine Group, a global strategic advisory and investment firm, has held the final close of of Raine Partners IV, the newest fund in its flagship growth equity strategy, with over $760m in total capital commitments.
The Raine Group, a global strategic advisory and investment firm, has held the final close of of Raine Partners IV, the newest fund in its flagship growth equity strategy, with over $760m in total capital commitments.
The new fund, which was supported by its strong base of limited partners including public pension plans, sovereign wealth funds and other institutional investors as well as select strategic corporates and family offices, brings total firm AUM to nearly $4bn.
Similar to its predecessor funds, Raine Partners IV will invest in growth-stage TMT companies, with a particular focus on sports, media, entertainment and gaming. Raine Partners IV has already made its initial investment in Tripledot Studios, a leading mobile games developer with a diversified portfolio of casual games.
Founded in 2009, Raine Partners has a demonstrated track record of investing in industry-shaping companies. Some of the firm’s notable investments include DraftKings, Moonbug, Imagine Entertainment, TelevisaUnivision and VideoAmp.
