Raven Capital Management

What Raven Capital Management does

Raven Capital Management is a privately-held, asset-based alternative investment manager founded in 2008 by Josh Green and headquartered in New York, with a new West Coast headquarters under lease in Santa Monica (April 2026) and additional offices in Los Angeles and South Florida. The firm operates two core investment strategies: (1) a Credit Strategy led by Dimitri Cohen that originates non-sponsor, asset-based senior secured loans to middle-market borrowers, targeting current income from floating-rate loans with robust covenant protections; and (2) a Music Strategy led by co-founder Jeremy Tucker that acquires and manages cash-flowing music intellectual property, providing uncorrelated risk-adjusted returns through royalty-based income. In March 2025, Raven formed Raven Music Partners, a joint venture with Aquarian Holdings seeded with approximately 15,000 music IP assets across country, rock, pop, and Christian genres, with Endurance Music Group providing on-the-ground Nashville sourcing and active catalog management.

The firm has deployed over $3 billion across more than 100 investments since inception and reported more than $2 billion in AUM as of March 2025. The team of approximately 37 professionals averages 18-40+ years of experience, drawn from Blackstone, Ares Management, DDJ Capital, Guggenheim, Glendon Capital, J.P. Morgan, and other premier institutions. The firm's most notable operational investment was Outback Presents, which Raven acquired through restructuring in 2022 during COVID-19 disruption and grew into a leading comedy live entertainment platform generating nearly $1 billion annually in ticket sales, with a minority stake sold to AEG Presents in May 2026.

Raven monetizes its asset management activities through typical alternative-asset-manager economics — management fees on committed/invested capital across its private credit and music funds, supplemented by performance fees (carried interest) on successful vintages. Distribution is conducted entirely through direct institutional channels via a dedicated Investor Relations team led by Managing Director Kristina Oberg, with no retail or intermediated distribution. Following a management buyout in April 2024, the firm is fully management-owned, and recent senior hires (Gary Sumers as President from Blackstone, Brian Lanktree as Head of Capital Solutions, Ben Bonsall as Head of Research from Ares) suggest a buildout phase oriented toward institutional fundraising and platform scaling.

Name

Raven Capital Management

Legal name

Raven Capital Management

Website

https://ravencm.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Raven Capital Management is a privately-held, asset-based alternative investment manager founded in 2008 that operates two strategies — non-sponsor private credit lending to middle-market borrowers and acquisition of music IP royalties — serving institutional LPs with over $2 billion in AUM.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

akta.pro secondary industry

Non-Performing Loan (NPL) / Loan Portfolio Acquisition Funds (FSANAKAG)

Keywords

• Alternative asset management
• Private credit lending
• Asset-based loans
• Music IP investing
• Investment management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset-Based Credit Investment Management: Raven generates returns through origination of non-sponsor, asset-based senior secured loans to middle market borrowers. Loans pay current income from floating interest rates, with robust covenants as credit enhancements. The firm also pursues outright acquisition of distinct assets for value appreciation.
2. Music IP Acquisition and Management: Raven's Music Strategy specializes in acquisition and management of cash-flowing music intellectual property, providing uncorrelated and attractive risk-adjusted returns through music royalties and related IP assets.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Raven Capital Management is an alternative investment manager that originates non-sponsor, asset-based senior secured loans to middle market borrowers through its Credit Strategy and acquires and manages cash-flowing music intellectual property through its Music Strategy. The firm deploys capital on behalf of institutional limited partners, generating returns from floating-rate loan interest and music royalty income. Since 2008, the firm has deployed over $3 billion across more than 100 credit and equity investments.

Product overview

Raven Capital Management is an alternative investment firm founded in 2008 that operates two core investment strategies: the Credit Strategy (non-sponsor, asset-based private credit focusing on senior secured loans to middle market borrowers) and the Music Strategy (acquisition and management of cash-flowing music IP). Raven Music Partners serves as the dedicated music-focused investment affiliate. The firm has deployed over $3 billion across credit and equity investments since inception.

Differentiator

Problem solved

Functional benefit

Brands

• Raven Music Partners: Music-only investment affiliate focused on the acquisition of music copyrights and intellectual property assets, managing approximately 15,000 music IP assets across country, rock, pop, and Christian music genres.

Products and services

• Credit Strategy Raven's Credit Strategy focuses on the origination of non-sponsor, asset-based senior secured loans to middle market borrowers. Led by Dimitri Cohen, the strategy provides solution capital to borrowers generating compelling risk-adjusted returns, targeting high-quality senior secured loans that pay current income from floating interest rates with robust covenants as credit enhancements.
• Music Strategy Raven's Music Strategy specializes in the acquisition and management of cash-flowing music intellectual property. Led by Jeremy Tucker, the strategy provides uncorrelated and attractive risk-adjusted returns by leveraging a proprietary data-driven approach to streamline acquisition and offer competitively priced capital to music IP sellers.
• Raven Music Partners Raven Music Partners is the music-focused investment affiliate of Raven Capital created through a joint venture with Aquarian Holdings. It focuses on acquisition of music copyrights across country, rock, pop, and Christian music genres, supported by Endurance Music Group's active catalog management and Nashville-based sourcing capabilities.

Quantifiable outcome

• Deployed over $3 billion across credit and equity investment strategies since inception
• +1 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered major and core.

• AEG PresentsmajorStrategic or Co-development Partner · 4 May 2026Raven Capital sold a minority stake in the comedy division of its portfolio company Outback Presents to AEG Presents, a leading global sports and live entertainment company. AEG Presents gains expanded presence in the comedy market, while Raven retains ownership of Outback Presents' remaining businesses including music and data-driven audience engagement platforms.
• Endurance Music GroupcoreStrategic or Co-development Partner · 10 March 2025Endurance Music Group serves as affiliate administrator and provides on-the-ground presence in Nashville for Raven Music Partners. Endurance provides active catalog management and differentiated sourcing capabilities, tapping into the music community for new opportunities to partner with songwriters, artists, music managers, indie publishers, indie labels, and other industry participants.

Scale indicators7 records

Recent moves2 records

Expansion highlights6 records

Broad incumbents

• Apollo Global Management: A major alternatives manager with a leading private credit and asset-based finance business that overlaps with Raven's Credit Strategy, though Apollo operates across many additional strategies at much larger scale.
• KKR Credit: A global alternatives giant with a sizable private credit and asset-based finance franchise, comparable in product breadth but operating at much larger scale and as part of a multi-strategy platform.

Direct peers

• Hipgnosis Songs Fund: A dedicated music IP acquisition and royalty investment manager — directly comparable to Raven Music Partners in focus on catalog acquisition of cash-flowing music rights for institutional investors.
• Golub Capital: A leading middle market direct lending and asset-based lending manager, very comparable to Raven's credit strategy in target borrower size, covenant-heavy senior secured structures, and floating-rate current income orientation.
• Primary Wave Music Publishing: An independent music publishing and IP acquisition firm that acquires and manages music catalogs across multiple genres, directly comparable to Raven Music Partners' strategy and asset acquisition focus.
• Ares Management: One of the largest private credit and direct lending managers globally, with a deep U.S. middle market lending franchise that closely mirrors Raven's Credit Strategy focus on senior secured, asset-based loans to non-sponsor and sponsor-backed borrowers.
• Blue Owl Capital: A major direct lending and alternative credit manager with significant middle market senior secured loan origination, comparable to Raven's core credit strategy.
• Monroe Capital: A middle market direct lending and asset-based lending specialist with floating-rate senior secured loan origination similar to Raven's non-sponsor credit strategy.
• Sixth Street: A global alternative credit and credit-oriented investing platform with a direct lending franchise targeting middle market borrowers; comparable to Raven's Credit Strategy in product mix and asset-based orientation.
• HPS Investment Partners: A large alternative credit manager with significant private credit, asset-based finance, and specialty finance capabilities — directly comparable to Raven's senior secured asset-based lending focus.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks3 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/raven-capital-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raven Capital Management