The Raine Group, a global strategic investment and consulting firm, has closed its newest fund, Raine Partners IV.
The total size of the fund has exceeded $760 millionbringing the total Assets Under Management of Raine Group to nearly 4 billion USD.
Raine Group is currently an investor in music companies such as sound cloudGift C3, and Entertainment. It is also main supporter behind Firebird Music Holdings.
As an advisor, Raine Group has been involved in recent major deals in the music industry including HYBE’s ~300 million USD redemption belong to Quality control.
Similar to its predecessor funds, the New York and London-based Raine Group said its new Raine Partners IV fund will invest in TMT (Technology, Media and Telecommunications) companies that are in the ascending stage. growth, with a particular focus on sports, media, entertainment and gaming.
Raine Partners IV made an initial investment in Tripledot Studios, a popular mobile game developer.
Founded in 2009, in addition to music, Raine has notable investments in companies such as DraftKings, Moonbug, Imagine Entertainment, TelevisaUnivision and VideoAmp.
According to the Raine Group, the new fund is backed by a “strong base of limited partners,” which includes public pension plans, sovereign wealth funds and other institutional investors as well as other institutional investors. strategic companies and selected family offices.
Based in London, Barcelona, Warsaw and Jakarta, mobile game maker Tripledot Studios recently announced to name is the fastest growing company in Europe by Financial Times.
“We are pleased to announce the closure of Raine Partners IV,” said Sherri Williams, Partner and Head of Investor Relations and Fundraising.
“We look forward to working with our investors and portfolio companies to reach their full potential.”
Sherri Williams, Raine Corporation
“We appreciate this credit from our limited partners, and we look forward to building on our company’s strong track record of investing in transforming growth companies in the our core focus area.
“We look forward to working with our investors and portfolio companies to reach their full potential.”
John Salter, Raine Co-Founder and Partner, added: “We are delighted to make the first investment from Raine Partners IV in Tripledot.
“We have known the management team since its inception and believe that the company is one of the strongest in the casual gaming space, having recently topped the FT/Statista rankings as Europe’s fastest growing company.
“As a highly profitable business with over 400 employees and approximately 50 million monthly active users, we look forward to working actively with their team to drive continued growth in the gaming market. casual play.”Global Music Business
