FINANCE

L.A. County Unemployment Rate Fell to 15.1% in September

L.A. County’s unemployment rate declined to 15.1% in September from a revised 16.4% in August.

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Wave of Bankruptcies Washes Over LA Businesses

Impresa Aerospace is the latest of more than a half-dozen large companies in Los Angeles County that have filed for bankruptcy this year.

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MediaAlpha Files for $100 Million IPO

Downtown-based insurance marketing company MediaAlpha Inc. plans to raise $100 million in an initial public offering, according to a preliminary prospectus filed with the Securities and Exchange Commission.

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Telehealth Platform TigerConnect Raises $45 Million

Santa Monica-based telehealth platform TigerConnect Inc. has raised $45 million in Series D funding.

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PE Firm Corridor Capital Looks Toward Tech-Enabled Businesses

Despite its sometimes opaque and immutable image, private equity is a constantly evolving field.

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Wilshire Associates Founder Tito to Retire After Acquisition

Santa Monica-based technology and advisory company Wilshire Associates Inc. has agreed to be acquired by two New York-based private equity firms

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EP Wealth Acquires $1 Billion Management Firm

EP Wealth Advisors, a Torrance-based registered investment adviser, or RIA, has acquired Salt Lake City-based Insight Group Inc. and Financial Insight Center.

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Cathay Names Liu as CEO

Chang Liu has officially assumed the role of chief executive at Cathay General Bancorp, effective Oct. 1. The Chinatown-based bank’s new leader replaces Pin Tai, who had held the CEO role since 2016.

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PE Firms to Acquire Wilshire Associates

Santa Monica-based technology and advisory company Wilshire Associates has agreed to be acquired by two private equity firms.

Liquid Death Raises Additional $23 Million

Santa Monica-based canned water company Liquid Death has raised $23 million in Series B funding.

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Hawke, Wayflyer Team for Financing Unit

Agreement allows Hawke Media to launch Hawke Capital.

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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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