FINANCE

Riot Ventures Files for $75 Million Fund

Venice-based Riot Ventures is officially aiming to raise $75 million for its second fund.

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Venture Funds Look to Health

Other more broad-based funds, like downtown-based TenOneTen Ventures, have increased their focus on health care investments.

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Gores Hits Record With $16 Billion Deal

Gores Group, the Beverly Hills-based investment firm founded by billionaire Alec Gores, has announced plans to merge its fifth special purpose acquisition company, or SPAC, with mortgage lender United Shore Financial Services Inc.

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Struck Capital, DiCaprio Team for New Fund

Adam Struck, founder of Santa Monica-based venture firm Struck Capital, has always been bullish on Los Angeles’ startup ecosystem.

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Boosted Raises $87 Million to Acquire Ecommerce Companies

Culver City-based Boosted Ecommerce Inc. has raised $87 million to grow its portfolio of ecommerce businesses.

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Goat Raises $100 Million for Expansion

Culver City-based 1661 Inc., doing business as Goat Group, has raised $100 million in Series E funding from New York hedge fund D1 Capital Partners.

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LA Properties Included in $700 Million Industrial Portfolio Deal

A partnership of PGIM Real Estate and Perlmutter Investment Co.’s IAC Properties has acquired a 30-property industrial portfolio.

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Fitness App Maker Zwift Secures $450 Million in Funding

Zwift Inc., the Long Beach-based maker of a popular at-home cycling and running app, has raised $450 million in Series C funding.

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SPAC Attack: Investment Vehicles See Surge in Popularity

Special purpose acquisition companies, or SPACs, are in the midst of their biggest moment yet.

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Local Credit Unions Offer Relief From Financial Storm

When the novel coronavirus pandemic first took hold in California, the state’s credit unions acted quickly.

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Special Report: Banking & Finance Quarterly — Q2 2020 Data

Read L.A.'s leaders in special purpose acquisition companies and access the latest data in the Los Angeles Business Journal's Banking & Finance Quarterly Special Report.

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L.A. County Unemployment Falls in August

L.A. County’s unemployment rate fell to 16.1% in August from a revised 17.9% in July.

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Mesa West Capital Is Poised to Thrive Amid Pandemic

Having survived one major recession and seen long-term growth in its wake, Mesa West Capital believes the aftermath of Covid-19 could create similar opportunities in their space.

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Broadway Financial Merger Makes History

Hancock Park-based Broadway Financial Corp. is set to become the largest Black-led bank in American history.

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Inglewood Bitcoin Firm to Expand In-Person Centers

After months of webinars and Zoom meetings, Crypto Blockchain Plug Inc. is coming back to the physical world.

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