# Raine Capital LLC

> 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.

- CRD: 157939
- Filed as: RAINE CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157939
- AdvisorCensus page: https://advisorcensus.com/firm/raine-capital-llc-new-york-ny-157939

## Quick answers

**How is Raine Capital LLC compensated?**
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.

**Where is Raine Capital LLC located?**
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).

**Is Raine Capital LLC registered with the SEC or a state?**
Raine Capital LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157939.

**How much does Raine Capital LLC manage?**
Raine Capital LLC reports $2,754,900,000 in regulatory assets under management in its Form ADV filing dated May 5, 2026 (99% discretionary).

**How have Raine Capital LLC's assets and staff changed since 2021?**
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.

**What types of clients does Raine Capital LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (40).

**Does Raine Capital LLC report any disciplinary disclosures?**
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

**What changed in Raine Capital LLC's recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $2,754,900,000
- Discretionary: $2,727,600,000
- Non-discretionary: $27,300,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | Fewer than 5 | $3,500,000 |
| Pooled investment vehicles (other than investment companies and business development companies) | 40 | $2,738,800,000 |
| Insurance companies | Fewer than 5 | $5,000,000 |
| Corporations or other businesses not listed above | Fewer than 5 | $7,600,000 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 183 total, 106 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Barcelona
- London
- Mumbai
- San Francisco, CA
- Santa Monica, CA
- Shanghai
- Singapore

### Websites listed on Form ADV (Item 1.I)
- [raine.com](https://raine.com)
- LinkedIn @THE-RAINE-GROUP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,077,100,000 | 133 | September 20, 2021 |
| October 2022 | $4,122,400,000 | 150 | March 28, 2022 |
| October 2023 | $3,820,900,000 | 171 | May 9, 2023 |
| October 2024 | $3,453,600,000 | 194 | May 3, 2024 |
| October 2025 | $3,100,800,000 | 199 | May 8, 2025 |
| October 2026 | $2,754,900,000 | 183 | May 5, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Raine Capital LLC (CRD 157939): Form ADV filing data as of October 2026.