WME-Backed The Raine Group Closes $475 Million Funding Deal, Expands Holdings

NEW YORK, Oct. 11, 2011 – The Raine Group, the global merchant bank focused exclusively on entertainment, digital media and sports, announced today the closing of its flagship private equity fund. With approximately $475 million in assets under management, Raine has completed three principal investments, including multimedia powerhouse Vice, browser-based games giant Jagex, and celebrity–curated ecommerce platform OpenSky. (more…)

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