As investors and entrepreneurs alike navigate the changing dynamics of the business landscape, strategies for success and profits have changed. One dominant trend in recent decades is the declining number of publicly listed companies. It’s not that there are fewer companies operating, but rather that more and more companies are choosing to stay private by avoiding or delaying public stock offerings.
In a testament to the industrial sector’s reshoring following pandemic-induced global supply chain shocks, the industrial-focused private equity firm Angeles Equity Partners LLC announced it oversubscribed its second series of funds. Total capital commitments reached more than $540 million, bringing the firm’s total assets under management close to $1 billion.
It’s been a rocky ride over the last 12 months for many of L.A.’s publicly traded companies. All told, 63 of the 100 firms on the Business Journal’s list of public companies this year posted net drops in their market capitalization – or total value of their stock – for the year ending June 30. And the damage was pervasive, touching just about every industry, including real estate, manufacturing, biotech, health care, entertainment and retail. (The List of Largest Public Companies begins on page 16.)