Reporter (Banking & Finance)
B. Riley Financial has acquired the investment advisory business of Dallas-based 272 Capital.
Backstage Capital plans to raise venture capital for its newest fund, Opportunity Fund I.
A well-heeled Santa Monica-based private equity investment manager has raised more than $2.3 billion to buy logistics-related real estate.
Hope Bancorp Inc., the Koreatown-based holding company of Bank of Hope, announced plans to repurchase up to $50 million of its common stock.
Downtown-based City National Bank has opened more branches during the pandemic, a move that other banks have shied away from as they’ve embraced closures.
Burbank-based ZestFinance Inc. is focused on developing credit underwriting standards and software to improve credit scoring methods.
Los Angeles billionaire and business mogul Shawn “Jay-Z” Carter, who ranked No. 45 on the Business Journal’s 2020 Wealthiest Angelenos list, participated in a $165 million raise for a company that helps people with blemished credit records buy a home.
Laylo, a tool that helps musicians and influencers connect directly with fans on TikTok and YouTube, raised $3 million in a seed round led by L.A. sports team owner Todd Boehly.
Thomas Barrack — one of L.A.’s biggest private equity investors — pleaded not guilty to federal lobbying charges.
Beverly Hills-based private equity firm Platinum Equity has agreed to buy aerospace supply services provider Unical Aviation Inc. and certain of its affiliates.