Raine Group

The Raine Group, commonly referred to as Raine, is a global merchant bank focused exclusively on industries related to technology, media and telecommunications (TMT). Companies the firm has been involved with significantly include Endeavor, SoftBank Group, WWE and Ultimate Fighting Championship. It has also been involved with several Premier League football clubs. Outside the U.S., the firm has offices in Europe and Asia. In September 2009, Raine was co-founded by Joseph Ravitch and Jeffrey Sine...The firm's name Raine comes from an amalgamation of Ravitch's and Sine's surnames with the "e" on the end coming from Ari Emanuel, an initial backer who headed William Morris Endeavor. One of Raine's first major deals was advising William Morris Agency on its merger with Endeavor Talent Agency to form William Morris Endeavor.[3][4][5][6][7][8] https://en.wikipedia.org/wiki/The_Raine_Group

• In March 2010, Mubadala Investment Company acquired a 9% stake of Raine. Raine would also enter an exclusive relationships with William Morris Endeavor and Theodore J. Forstmann as investors.[5][6] SoftBank Group also holds a small stake of Raine.[9]
• In September 2010, Raine released a letter to its investors that it had raised more than $300 million for its first private equity fund that would focus on investing in media companies. Its backers included William Morris Endeavor, Forstmann, Masayoshi Son and sovereign wealth funds of China, Singapore and Abu Dhabi.[3][5] By April 2011, the fund had raised close to $500 million with additional backers that included WPP plc, Frank and Lorenzo Fertitta, Eric Schmidt, Sean Parker, Terry Semel, Richard Rosenblatt and Marc Andreessen.[11] Notable investments that Raine has made include Vice Media, DraftKings, Jagex and SoundCloud.