Fortress, Canyon Partners and Others Invest $228M in First Foundation
July 9, 2024
First Foundation closed a $228 million equity financing with investments from affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital and other investors. The company issued common and preferred shares and seven‑year warrants in the transaction; Jefferies served as exclusive placement agent. The capital is intended to strengthen First Foundation's balance sheet and support its growth as a regional bank and wealth manager.
- Buyers
- Affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital, Other investors
- Targets
- First Foundation Inc.
- Sellers
- First Foundation Inc.
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Growth capital
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