FINANCE
The 2022 Money Issue Money Managers Directory
See a comprehensive directory of Los Angeles money managers and their contact information in the 2022 Money Issue.
Private Equity Firms: SPACs Grow Up
The 2022 Money Issue
Private equity firms rocketed to new heights in 2021 on the back of SPAC mania and an unprecedented dealmaking market, only for the rockets to seemingly run out of fuel.
The 2022 Money Issue Private Equity Firms Directory
See a comprehensive directory of Los Angeles private equity firms and their contact information in the 2022 Money Issue.
Venture Capital: Hot Tech Hub
The 2022 Money Issue
Armored in blockchain and riding high on a unicorn cavalry, venture capital firms in Los Angeles are still reaping the benefits of the post-Covid tech boom.
The 2022 Money Issue Venture Capital Firms Directory
See a comprehensive directory of Los Angeles venture capital firms and their contact information in the 2022 Money Issue.
B. Riley Acquires FocalPoint Securities for $175 Million
B. Riley Financial Inc. has acquired independent investment bank FocalPoint Securities for $175 million.
LA County Unemployment Rate Falls to 8.4% in December
Los Angeles County’s unemployment rate fell to 8.4% in December from 8.9% in November and 9.4% in October amid robust hiring.
CAA Parent Company TPG Sets IPO Share Price
The parent company of Creative Artists Agency and DirecTV set the price of its initial public offering with 33.9 million shares of Class A common stock at $29.50 per share.
How LA-Based Public Company Stocks Performed in 2021
Buoyed by the city’s position as a global leader in finance and technology, publicly traded companies in Los Angeles in 2021 maintained the previous year’s strong performance though, overall, it did not show the same gains as major market indexes.
Dave Inc. to Make Nasdaq Debut in January
Dave Inc., a West Hollywood-based fintech and banking app company aimed at “leveling the financial playing field,” will go public on the Nasdaq under the tickers DAVE and DAVEW in early 2022.
Fintech Launches Crypto Bank Account for Hispanics
A West Hollywood-based fintech announced the launch of a banking program Dec. 20 aimed at building Hispanic wealth through stakes in the crypto sector.
RBB Bancorp Buys Gateway Bank for $23 Million
Westlake-based RBB Bancorp announced its entry into the San Francisco Bay Area Dec. 28 with the purchase of Gateway Bank F.S.B. in Oakland, a deal valued at approximately $22.9 million.
LA County Unemployment Fell to 8.9% in November Amid Gain in Jobs
Los Angeles County’s unemployment rate fell to 8.9% in November from 9.4% in October amid a hiring surge that saw employers in the county add 43,000 payroll jobs.
Business Managers Land Starring Roles in Celebrity-Branded Business Ventures
Spurred by peers occasionally hitting jackpots, Hollywood talent has been diversifying into entrepreneurial side ventures in which, in a new twist, their business managers and lawyers take frontline roles.
Ares Management Closes $14 Billion Fund
Century City-based Ares Management Corp. announced the final closing of its Senior Direct Lending Fund II Dec. 13 with an anticipated $14 billion total capital base, including expected leverage.
