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Investment Firm Looks North to Tap Into Tech

EXPANSION: Bel Air opens outpost in San Francisco to help connect to startups.From its office on Avenue of the Stars, Bel Air Investment Advisors has built a reputation as wealth manager to the stars. But today’s young A-listers are often found in Bay Area tech incubators, not Hollywood hot spots.

By Matt Pressberg March 30, 2015 midnight   $$ Share

PE Roundup: Private Equity Deals Announced This Week

Century City’s OpenGate Capital announced Monday that it has completed the sale of Kotkamills Oy, a Finnish specialty paper and wood products company, to Finnish private equity firm MB Funds.

Stocks Rise

The Dow Jones industrial average rose 34 points in Friday trading to close at 17,713. The S&P 500 rose five points to 2,061. The Nasdaq rose 28 points to 4,891. The LABJ stock index rose one point to 227.

Stocks Down

The Dow Jones industrial average fell 40 points in Thursday trading to close at 17,678. The S&P 500 fell five points to 2,056. The Nasdaq fell 13 points to 4,863. The LABJ stock index was flat at 226.

Stocks Fall

The Dow Jones industrial average fell 293 points in Wednesday trading to close at 17,719. The S&P 500 fell 30 points to 2,061. The Nasdaq fell 118 points to 4,877. The LABJ stock index fell four points to 226.

Stocks Fall

The Dow Jones industrial average fell 105 points in Tuesday trading to close at 18,011. The S&P 500 fell 13 points to 2,092. The Nasdaq fell 16 points to 4,995. The LABJ stock index fell two points to 230.

Stocks Fall

The Dow Jones industrial average fell 12 points in Monday trading to close at 18,116. The S&P 500 fell four points to 2,104. The Nasdaq fell 15 points to 5,011. The LABJ stock index fell one point to 232.

Amgen, Vitesse Among Week’s Big Movers

The Los Angeles Business Journal’s index of the largest local public companies rose for the week. The weighted LABJ index rose nine points, or about four percent, to close at 233, with gainers outpacing losers 100 to 50.

PE Roundup: Private Equity Deals Announced This Week

Westwood’s Leonard Green & Partners announced Monday that it has agreed to acquire health club chain Life Time Fitness in Chanhassen, Minn., alongside affiliates of other private equity firms.

Stocks Rise

The Dow Jones industrial average rose 169 points in Friday trading to close at 18,128. The S&P 500 rose 19 points to 2,108. The Nasdaq rose 34 points to 5,026. The LABJ stock index rose two points to 233.

L.A. Unemployment Drops Amid Broad Job Gains

Los Angeles County’s unemployment rate fell to 7.8 percent in February as the county added 25,000 jobs across almost every industry, according to state figures released Friday.

City Study Backs Wage Hike; Biz, Labor Release Dueling Studies

EDITOR'S NOTE: This story has been updated from an earlier version. Hiking L.A.’s minimum wage would bring more benefits than costs to both Los Angeles and the region, according to a long-awaited and controversial study released Thursday afternoon.

Markets Mixed

The Dow Jones industrial average fell 117 points in Thursday trading to close at 17,959. The S&P 500 fell 10 points to 2,089. The Nasdaq rose 10 points to 4,992. The LABJ stock index was flat at 231.

Stocks Rise

The Dow Jones industrial average rose 227 points in Wednesday trading to close at 18,076. The S&P 500 rose 25 points to 2,099. The Nasdaq rose 45 points to 4,983. The LABJ stock index rose three points to 231.

Stocks Mixed

The Dow Jones industrial average fell 128 points in Tuesday trading to close at 17,849. The S&P 500 fell seven points to 2,074. The Nasdaq rose eight points to 4,937. The LABJ stock index fell one point to 227.

Leonard Green, TPG Agree to Buy Fitness Chain

West Los Angeles private equity firm Leonard Green & Partners and fellow private equity shop TPG in Fort Worth, Texas, announced Monday that they have agreed to acquire publicly traded health club chain Life Time Fitness Inc. in Chanhassen, Minn. in a deal valued at about $4 billion.