Raine Capital LLC
The Raine Group (Raine Capital LLC) is a global merchant bank and investment adviser headquartered in New York, NY, founded in 2009. The firm focuses on the technology, media, and telecommunications (TMT) sectors, providing advisory services such as mergers and acquisitions, private capital raising, and strategic advice. Raine also manages growth equity and venture capital strategies, serving institutional and strategic investors, as well as founders and management teams of high-growth TMT companies. It has global offices in the US, UK, India, China, and Singapore, and manages over $3.1 billion in assets. Employee count is estimated at 100-200 people.
Investment Strategy
Raine Capital pursues growth equity and venture capital investments in high-growth technology, media, and telecom (TMT) enterprises. The firm leverages deep industry expertise and a global network to identify emerging trends and source attractive opportunities. Its selective approach prefers transactions where its involvement maximizes outcomes, and Raine provides strategic and operational support to portfolio companies, capitalizing on globalization and secular technology shifts in the TMT space.
Top Holdings
Equity Positions (4)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
O OLO | OLO INC | 92.92% | $286.8M | 32,220,439 | $26.38 | $8.90 | +$92.2M |
D DKNG | DRAFTKINGS INC NEW | 6.10% | $18.8M | 438,935 | $17.75 | $42.89 | +$4.2M |
B BODI | THE BEACHBODY COMPANY INC | 0.90% | $2.8M | 671,067 | $8.29 | $4.12 | -$2.3M |
X XLU | SELECT SECTOR SPDR TR | 0.08% | $261.3K | 3,200 | $81.66 | $81.66 | +$261.3K |