{
  "crd_number": 157939,
  "slug": "raine-capital-llc-new-york-ny-157939",
  "primary_business_name": "RAINE CAPITAL LLC",
  "legal_name": "RAINE CAPITAL LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-03-30",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-05-05",
  "carried_forward": false,
  "raum_total": 2754900000.0,
  "raum_discretionary": 2727600000.0,
  "raum_non_discretionary": 27300000.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 183,
  "advisory_employees": 106,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "insurance_companies": {
      "raum": 5000000.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 3500000.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 2738800000.0,
      "count": 40
    },
    "corporations_other_businesses": {
      "raum": 7600000.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "NY"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/THE-RAINE-GROUP",
    "https://raine.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157939",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/raine-capital-llc-new-york-ny-157939",
  "display_name": "Raine Capital LLC",
  "summary": "Raine Capital LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 5, 2026.",
  "citation": "AdvisorCensus. Raine Capital LLC (CRD 157939): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Raine Capital LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Raine Capital LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Raine Capital LLC located?",
      "a": "Raine Capital LLC's principal office is in New York, NY, according to its Form ADV; the June 2026 filing also lists 7 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Raine Capital LLC registered with the SEC or a state?",
      "a": "Raine Capital LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157939."
    },
    {
      "q": "How much does Raine Capital LLC manage?",
      "a": "Raine Capital LLC reports $2,754,900,000 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (99% discretionary)."
    },
    {
      "q": "How have Raine Capital LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Raine Capital LLC: Regulatory assets under management: $4,077,100,000 in the October 2021 data and $2,754,900,000 in the October 2026 data, down 32%. Total employees: 133 in October 2021 and 183 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Raine Capital LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (40)."
    },
    {
      "q": "Does Raine Capital LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/157939"
    },
    {
      "q": "What changed in Raine Capital LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 115 to 106. Regulatory assets under management went from $3,100,800,000 to $2,754,900,000 (-11%). No longer lists an office in Paris."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 4077100000.0,
      "total_employees": 133,
      "filing_date": "2021-09-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 4122400000.0,
      "total_employees": 150,
      "filing_date": "2022-03-28"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3820900000.0,
      "total_employees": 171,
      "filing_date": "2023-05-09"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3453600000.0,
      "total_employees": 194,
      "filing_date": "2024-05-03"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 3100800000.0,
      "total_employees": 199,
      "filing_date": "2025-05-08"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2754900000.0,
      "total_employees": 183,
      "filing_date": "2026-05-05"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 115 to 106.",
        "Regulatory assets under management went from $3,100,800,000 to $2,754,900,000 (-11%).",
        "No longer lists an office in Paris."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/raine-capital-llc-new-york-ny-157939.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": null,
      "fewer_than_5": true,
      "raum": 3500000.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 40,
      "fewer_than_5": false,
      "raum": 2738800000.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 5000000.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 7600000.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157939",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}