FINANCE
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
Diversis Reaches Milestone $1 Billion Assets Under Management
Diversis Capital Management completed a raise of $675 million to continue its investment objectives in software and technology businesses.
Fika Ventures Raises $195 Million for Tech Investments
Westwood-based Fika Ventures has raised $195 million for two funds aimed at seed investing in software, fintech, marketplaces and health care information technology.
Wall Street Embraces LA Companies Shaking Up the Financial System
Local fintech companies are moving payments and conducting financial transactions at lightning-fast speeds.
Jason Wilk on Launching Fintech Dave Inc.
The LABJ Interview
Jason Wilk, co-founder of banking app developer Dave Inc., understands what it’s like to make sacrifices to form a startup business.
LA County Unemployment Rate Drops to 10.1%
But the county still has a long way to go to reach pre-pandemic payroll job levels.
Corridor Capital Buys Health Care Marketing Firm
A portfolio company of Sawtelle-based Corridor Capital has acquired a health care marketing services business.
Levine Leichtman Buys Walden Behavioral Care
With its purchase of Walden, Levine Leichtman seems to have reversed a trend of selling businesses.
Wavemaker 360 Sells Portfolio Company Ciitizen in $325 Million Deal
Wavemaker Three-Sixty Health, a Pasadena-based health care venture capital investor, has exited its portfolio company Ciitizen Corp., a patient-centric consumer health tech company.
Butterfly Equity Buys Avocado Oil-Maker
The private equity firm agreed to buy a majority stake in Chosen Foods, a maker of avocado-based oil and staple foods.
Tri Counties Bank Opens Loan Office in Pasadena
The bank aims to turn the office into a major lending center for commercial real estate loans.
Ares Charges Ahead With Plans to Reach $500 Billion in AUM
Ares’ huge surge in growth by more than $100 billion from June 2020 through June 30 is unusual for an alternative asset manager.
EP Wealth Advisors Buys California Firm
The move takes EP Wealth, which has $12.9 billion in assets under management, one step closer to becoming a national firm.
Sierra Investments Hires Former TD Ameritrade Exec as First CEO
Skip Schweiss will watch over the company’s fast-paced growth.
Wealthiest Angelenos: Financial Players Get a Boost From Sector’s Gains
This year’s list features 16 billionaires with ties to the financial sector: “It’s a classic case of (those with) money making money."
Wealthiest Angelenos: LA’s Top 50 Billionaires Hold ‘Massive’ Net Worth
The overall net worth of L.A.’s richest men and women stands at a staggering $250 billion.
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