LA sets the pace for new customer experiences
To keep up with changing customer needs, L.A. banks have had to ramp up investment in technology and offer a new kind of customer experience.
Private equity firm attracts more than 250 investors for latest offering
Beverly Hills-based private equity firm Platinum Equity has raised $10 billion for its latest flagship fund.
Arrowhead, Fulgent drove a strong 2019 for L.A. stocks
Last year was a good one for the stock market, and Los Angeles-area companies rode the wave.
Los Angeles banking and finance in the year ahead will be shaped by technological innovation, cost-cutting and a possible economic slowdown, local experts predict.
Venture capitalists in Los Angeles see opportunities for the year ahead — regardless of the state of the economy.
PE firm was first backer of software developer
Manhattan Beach-based private equity firm K1 Investment Management has sold its stake in property management software company Buildium to RealPage Inc.
Merger with NY company will create ad tech giant
Playa Vista-based advertising technology company Rubicon Project Inc. will merge with New York-based Telaria Inc. to create what the companies call the world’s largest independent sell-side advertising platform.
Hancock Park-based Westlake Financial Services Inc. and sister company Nowcom Corp. entered into a strategic partnership with Canadian auto finance company Source One Financial Corp.
Beverly Hills-based Kennedy Wilson has secured $775 million in capital commitments.
RBC Wealth Management U.S. has snapped up a team of L.A.-based financial advisors that manages approximately $7.5 billion in assets.
Finance: Firm closes $12 billion flagship vehicle to pursue large investments
Los Angeles’ largest private equity firm by assets under management, Leonard Green & Partners, has closed two funds totaling $14.75 billion.
Finance: Insurance broker buys HMBD
Long Beach-based HMBD Insurance Services Inc. has been acquired by Chicago-headquartered insurance giant Hub International Ltd.
A 115-unit mixed-use apartment development in Redondo Beach has received a $75 million loan.
Camino Financial Inc., a downtown-based fintech online lender focused on the Latino market, has raised $8 million in a Series A funding round.
Finance: After six-month delay, agency resumes processing business licenses
After a six month freeze, Cannabis dealmaking in Los Angeles appears to have experienced a sudden thaw.