Aurora Capital acquires FMG Suite
Manhattan Beach-based private equity firm K1 Investment Management has sold FMG Suite to Aurora Capital Partners, a private equity firm headquartered in Westwood.
Century City-based Ares Management Corp. has been charged with compliance failures by the Securities and Exchange Commission.
Local leaders push back on complaints about funds
The federal Paycheck Protection Program has served as a lifeline for struggling companies, but it has also prompted concerns over access to capital.
Firm invests in properties with health care tenants
Pasadena-based real estate investment firm ExchangeRight is carving out steady returns despite the pandemic-driven downturn.
Graphene battery-maker raises $28 million for production
Brentwood-based Nanotech Energy Co. has raised $27.5 million to ramp up production of its graphene-based products.
Local institutions likely to play a key part in economic recovery
Banks, like a majority of other industries, will not thrive in the Covid-19 downturn. But they are one of the sectors best positioned to survive.
Eric Manlunas’ unique approach to venture capital is paying off
Eric Manlunas is the founder of one of Silicon Beach’s most unusual venture capital funds, Wavemaker Partners.
After a fast start in 2020, VC activity has slowed dramatically
Los Angeles venture capital dealmaking got off to a strong start this year, but the Covid-19 downturn dealt blows to VC-backed companies and investors alike.
Cautious lenders sense opportunities
Economic uncertainty is changing lending practices, but that doesn’t mean there isn’t financing available for commercial real estate in Los Angeles.
Firm reports record management fees
Century City-based asset manager Ares Management Corp. reported a net loss of $31 million, or 33 cents per share, in its first-quarter earnings.
Firm’s portfolio companies contribute on many fronts
Santa Monica-based Angeles Equity Partners is working to help its portfolio companies retool for the fight against the Covid-19 pandemic.
Cybersecurity company sees new opportunities
Cybersecurity firm Orca Security Ltd. has received $20.5 million in venture capital investment to build out its team and market its platform.
Forecasts for city’s economy range from dire to cautiously optimistic
Experts have differing views on how business closures and other factors will affect the local economy in the short and long term.
First-quarter earnings reports reflect steep increases in loan loss provisions
Local banks have yet to feel the financial squeeze the coronavirus pandemic has put on other industries, but they're preparing for it.
Second round puts focus on needs of smaller firms
Local lenders are gearing up for the next round of the Paycheck Protection Program.