Recent and archived news stories on: banks, credit unions, mortgage lenders, SBA lenders, stocks/bonds, venture capital, wealth management, investment banks, factors, money managers, economic news and financial sector news

K1 Sells Digital Software and Marketing Company

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.

Ares to Pay $1 Million Fine to SEC

Century City-based Ares Management Corp. has been charged with compliance failures by the Securities and Exchange Commission.

VCs Defend PPP Use by Companies

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.

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ExchangeRight Wins ‘Essential’ Bet

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.

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Nanotech Sets Series C

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.

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Banks Are Well Positioned to Weather the Storm

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.

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Making Waves

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.

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Change of Pace

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.

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Loan Market Remains Active

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.

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Ares Tops Expectations for Earnings

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.

Angeles Supports Covid-19 Efforts

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.

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Orca Secures $21 Million for Cloud

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.

Which Way, LA?

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.

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Local Banks Brace for Possible Hit

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.

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Lenders Brace for New PPP Funds

Second round puts focus on needs of smaller firms

Local lenders are gearing up for the next round of the Paycheck Protection Program.

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