The Raine Group

The Raine Group is a distinctive global merchant bank that seamlessly integrates principal investing with strategic advisory services, primarily focusing on high-growth sectors within technology, media, and telecommunications (TMT). Founded in 2009 by industry veterans Joe Ravitch and Jeffrey Sine, the firm has carved a niche by leveraging its deep industry relationships and expertise to identify and cultivate opportunities across digital media, entertainment, sports, gaming, and consumer technology. This integrated model allows Raine to offer comprehensive support to its portfolio companies, from capital infusion to strategic guidance on mergers, acquisitions, and partnerships, distinguishing it from traditional private equity firms or investment banks.

The firm's investment strategy centers on growth equity, typically taking significant minority stakes in established, rapidly expanding companies. Raine's principal investing arm manages dedicated funds, with its latest, Raine Partners IV, closing in 2023 with $750 million in commitments. This capital is deployed to support companies poised for substantial scaling and market leadership. Across its various funds and investment vehicles, The Raine Group has successfully raised over $4 billion in capital, demonstrating its consistent ability to attract significant institutional backing and execute its unique investment thesis.

Raine's portfolio reflects its specialized TMT focus, featuring investments in prominent companies across diverse sub-sectors. Notable past and present investments include stakes in leading sports and gaming entities like DraftKings and FanDuel, digital media powerhouses such as Vice Media, and innovative consumer technology platforms like MoonPay and Oura. The firm's typical initial investment check size ranges from approximately $25 million for significant minority positions to upwards of $150 million for lead roles in larger growth equity rounds, depending on the company's stage, capital needs, and the overall syndicate structure. Their global footprint, with offices in New York, Los Angeles, and London, further enhances their ability to source and support international growth opportunities within their core sectors.