Century City-based Ares Management Corp. has raised $5.1 billion for a middle-market fund that aims to take market share from banks and other traditional lenders.
Hanmi Financial Corp. has seen its share of stumbles in the market of late.
Los Angeles County’s unemployment rate fell to 9.8% in September, dropping into the single digits for the first time since the Covid pandemic began.
The education technology sector in Los Angeles has seen a surge in major investors from a disparate group ranging from corporations headquartered in China and India to private equity looking to capitalize on a pandemic that reinvigorated online learning.
Tala, a Santa Monica-based company that makes microloans between $10 and $500 to people in emerging markets who lack a credit profile, has landed a $145 million Series E funding round — its biggest fundraise since its founding a decade ago.
Santa Monica-based Winc Inc., which produces and distributes wine in the United States, has filed with the Securities and Exchange Commission to raise up to $92 million in an initial public offering.
Sole Source Capital, a private equity firm headquartered along Santa Monica’s Ocean Avenue since its founding in 2016, quietly moved its headquarters to Dallas.
Sure Inc., a Santa Monica-based insurtech startup that embeds insurance software into everything from car-buying to renters insurance, has raised $100 million in a Series C funding round, Chief Executive Wayne Slavin said in an interview.
Hancock Park-based Westlake Financial Services is ratcheting up its push into the auto lending market.
Sawtelle-based private equity firm Brentwood Associates has made a strategic investment in Kansas City, Mo.-based Service Management Group, a software developer involved in management experiences.
Republic Bancorp Inc.’s Republic Bank & Trust has filed a lawsuit against Green Dot Corp. for breaking its agreement to buy the Kentucky bank’s tax refund processing business for $165 million.
2021 Largest Employers Special Report
Bank of America is the largest commercial bank operating in Los Angeles County.
The Los Angeles Clippers have agreed to a $300 million, 23-year sponsorship deal with Aspiration Partners Inc., a Marina del Rey-based financial technology company, according to a source familiar with the terms.
A blank check firm backed by Beverly Hills billionaire Alec Gores has agreed to go public with Swedish electric carmaker Polestar, which also counts Hollywood actor Leonardo DiCaprio among its investors.
Tinder co-founder Justin Mateen has raised $247.5 million for a new venture capital fund he’s launching from his recently acquired Bel Air estate address.