Downtown-based Oaktree Capital Management has closed a fund and related vehicles with total capital commitments of roughly $4.7 billion.
Los Angeles County’s unemployment rate dropped to 11.5% in February as the county added nearly 48,000 jobs.
Gores Guggenheim Inc., a special purpose acquisition company formed by affiliates of The Gores Group and Guggenheim Capital, has priced its initial public offering at $750 million.
Banc of California Inc. said on March 22 that it will buy Costa Mesa-based Pacific Mercantile Bancorp in an all-stock transaction valued at $235 million.
Even as Los Angeles County’s employment picture darkened after revised state data showed job losses for 2020 were substantially bigger than previously reported.
Restaurants in Los Angeles County may have the green light to reopen indoor dining rooms at limited capacity.
Arad Levertov came up with the idea for Sunbit Inc. when he was shopping at a Costco in Chicago in 2010.
Arlan Hamilton founded a venture capital firm in 2015 aimed at bringing greater diversity to the startup world.
Interesting times drive innovative ideas for some L.A. financial firms. Get a look at their fresh thinking, as well as updated data for L.A. County banks.
L.A. County’s unemployment rate for both December and January at 12.6%, with December’s rate being significantly higher than the 11% first reported six weeks ago.
Taj Eldridge has had a wild ride, from entry-level positions to head of investments at the Los Angeles Cleantech Incubator and managing partner of a mission-driven venture fund.
Santa Monica-based wealth manager Abacus Wealth Partners has acquired San Francisco-based financial planner Robasciotti & Philipson.
For local businesses, there are already plenty of pandemic loans and grants available for the taking, and there’s more on the way.
A new firm has quietly made its way onto Los Angeles’ venture capital scene.
Veteran investor Harry Sloan has closed a $1.7 billion special purpose acquisition company, or SPAC.