Pat Maio

Reporter (Banking & Finance)

Phone: 323-556-8332

Recent Stories

B. Riley Buys Dallas-Based 272 Capital

B. Riley Financial has acquired the investment advisory business of Dallas-based 272 Capital.

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Backstage Capital To Raise $30 Million For New Fund

Backstage Capital plans to raise venture capital for its newest fund, Opportunity Fund I.

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GLP Capital Raises $2.3 Billion for Logistics-Related Real Estate

A well-heeled Santa Monica-based private equity investment manager has raised more than $2.3 billion to buy logistics-related real estate.

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Hope Bancorp to Repurchase $50 Million in Stock

Hope Bancorp Inc., the Koreatown-based holding company of Bank of Hope, announced plans to repurchase up to $50 million of its common stock.

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City National Bank Adds Branches, Doubles Workforce

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.

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Zest Gives Credit Scores a Reboot

Burbank-based ZestFinance Inc. is focused on developing credit underwriting standards and software to improve credit scoring methods.

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Jay-Z, Will Smith Back Home Fintech Startup

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 Raises $3 Million From Eldridge-Led Group

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.

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Barrack Pleads Not Guilty in Federal Lobbying Case

Thomas Barrack — one of L.A.’s biggest private equity investors — pleaded not guilty to federal lobbying charges.

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Platinum Equity Buys Aviation Parts Supplier Unical

Beverly Hills-based private equity firm Platinum Equity has agreed to buy aerospace supply services provider Unical Aviation Inc. and certain of its affiliates.

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