Raine Group, a global private equity firm, has closed its latest growth equity fund, Raine Growth II, with $1.8 billion in commitments. The fund will invest in growth-stage technology companies in the United States and Europe.
Raine Group is known for its investments in the media and entertainment industries. The firm has invested in companies such as Spotify, Endeavor, and The Players’ Tribune. However, the firm is also expanding its investment focus to other sectors, such as technology and healthcare.
Raine Growth II will focus on investing in companies that are at the forefront of innovation. The firm is looking for companies that have the potential to disrupt their industries and create significant value for shareholders.
“We are excited to launch Raine Growth II and to continue our investment focus on growth-stage technology companies,” said Joe Ravitch, co-founder and managing partner of Raine Group. “We believe that the technology sector is still in the early stages of its development, and we are committed to investing in companies that have the potential to change the world.”
The closing of Raine Growth II is a sign of the strong demand for growth equity investments. The global growth equity market is expected to reach $1 trillion by 2025.
Here are some of the benefits of Raine Growth II for companies:
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.