FINANCE

Book of Lists Profile: Greycroft Reaps Rewards of a Remote Culture

Greycroft has had a standout year amid some of the greatest economic turmoil in decades.

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Book of Lists Profile: Cathay General Bancorp Puts Customers First During Pandemic

Although 2020 has not been an easy year for any business, it hasn’t stopped Chinatown-based Cathay General Bancorp from charging forward with new beginnings and long-term goals.

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FDIC Report Points to Ongoing Unbanked Problem for LA

The rate of bank account ownership remains low in Los Angeles relative to the rest of the country, according to the most recent report by the Federal Deposit Insurance Corp. on unbanked Americans.

New President Raffetto Leads Middle-Market Push at City National

Richard Raffetto has spent just over 100 days as president of downtown-based City National Bank.

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Swell, Ares Plan $450 Million in Financing for Solar Energy

Swell Energy Inc. has partnered with Century City-based asset manager Ares Management Corp. and sustainability-focused asset manager Aligned Climate Capital to create a $450 million financing vehicle.

Perch Raises Seed Round for Credit Building Platform

Downtown-based fintech Perch Credit Inc. has raised $2.5 million in seed funding.

L.A. County Unemployment Rate Falls to 11% in November

L.A. County’s unemployment rate fell to 11% in November from a revised 12% in October amid seasonal hiring gains in retail and logistics.

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Live Nation Looks to Raise Another $500 Million

Beverly Hills-based Live Nation plans to sell $500 million worth of secured senior notes in a private offering.

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Oaktree Makes $100 Million Natural Gas Investment

Downtown-based Oaktree Capital Management has invested $100 million in oil and gas investment company BKV Corp.

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Platinum to Acquire Ingram Micro in $7.2 Billion Deal

Beverly Hills-based Platinum Equity has announced plans to acquire Irvine-based Ingram Micro Inc. in a deal valued at $7.2 billion.

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Orca Secures $55 Million Series B

Orca Security Ltd., a cybersecurity company focused on cloud computing systems, has raised $55 million in a Series B funding round.

Oblong Closes $5 Million Private Placement

Oblong Inc., a downtown-based remote meeting equipment business, has raised $5 million in PIPE investment.

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Former Media Exec Harry Sloan Now Stars in the Hottest Sector in Finance

Harry Sloan has had an impressive, if eclectic, career.

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Colony Capital Sells $400 Million Industrial Portfolio

Downtown-based real estate investment firm Colony Capital Inc. has closed the sale of its 51% ownership stake in a $400 million industrial bulk distribution portfolio.

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Investment Manager Whittier Trust Adapts to Covid Demands

As the oldest multifamily office on the West Coast, Whittier Trust Co. has seen its share of economic turbulence.

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