David Spingarn

🚨Digital platforms like online social games offer opportunities for California tribes to create new revenue streams.🚨 The Kletsel Economic Development Authority (KEDA), the economic development arm of the California tribe Kletsel Dehe Wintun Nation, says NO to #AB831, which would ban legitimate online social games, criminalize digital entertainment, and cut off a potential revenue for California tribes. Read more: https://lnkd.in/eVmx2dBR

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After more than two years of developing our Community Ownership for Community Power Fund's Integrated Capital Fund (ICF) with community partners -- to shift ownership of land and housing from the speculative market to community ownership organizations across California -- we are happy to share several new milestones that position the ICF for investment readiness. 👉 Learn more: https://lnkd.in/gyHZsThe #CommunityOwnership #AffordableHousing #Philanthropy

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Sacramento State and the California Department of General Services have secured a $50 million investment from Meta to lead a major redevelopment of downtown Sacramento. The project, supported by Governor Gavin Newsom, will repurpose state-owned buildings along Capitol Mall into a mixed-use district featuring a new School of Public Affairs, an AI Center, and housing.

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The California Association for Local Economic Development & EDA pivot to partner with PCR business finance to support business resiliency in Los Angeles, highlighting their commitment to mobilizing resources towards to local economic disruptions. Learn more about the partnership at #PublicCEO bit.ly/44KfxeT

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Elliott Calls for Further Action to Enhance Corporate Value and Strengthen Corporate Governance Ahead of Sumitomo Realty's 2025 Annual General Meeting "In the letter, Elliott encouraged fellow shareholders to actively engage with Sumitomo Realty's management ahead of the upcoming 2025 Annual General Meeting of Shareholders ("AGM") and to hold the Company accountable for not addressing its long-standing valuation discount and weak corporate governance. The letter outlines four key areas of concern – poor shareholder returns, excessive cross shareholdings, declining capital efficiency and subpar governance – and urges the Company to implement tangible reforms." #Japan #JapanCorporateGovernance #Sumitomo #Elliott #BoardsofDirectors #ShareholderValue #ShareholderActivism https://lnkd.in/g-_D_B6H

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Stable Funding Fuels High-Speed Rail for California Communities The California High-Speed Rail Program has secured long-term funding to continue building the nation’s first high-speed rail line. Backed by $1B in annual funding through 2045 from the state’s cap-and-trade program, California is ensuring steady progress, long-term certainty, and a solid foundation to invite private investment. Harris is proud to contribute to this transformative effort through our work on Construction Package 1 (CP1). These 32 miles of grade separations, viaducts, and corridor improvements will provide the backbone for high-speed service and deliver the first-of-its-kind project in North America.

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Los Angeles is entering a defining era of investment and global visibility. 🌎 In this conversation, Malia Cohen discusses how major international sporting events are driving long-term infrastructure improvements and reshaping the economic landscape across Southern California, moderated by Brent Baxter at #MATC26. Beyond the headlines, these investments signal something bigger for the business community: new opportunities, new growth, and a region positioned at the center of global attention.

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BoxPower is honored to join Aggie Square’s January MIX event in Sacramento and contribute to an excellent lineup of innovators who are reimagining how Northern California communities are powered and served. Fallon Vaughan, our Director of Business Development, will share how utility-grade microgrids can act as scalable resilience assets and the need to treat these systems as core, long-term infrastructure rather than niche backup solutions. Headquartered in Grass Valley, just up the road from Sacramento, BoxPower is a one-stop shop from energy audit through operation for utility-grade, standardized microgrids that help organizations and communities enhance resilience, reduce wildfire and outage risk, and deliver reliable and clean power anywhere. #GridResilience #Microgrids #DistributedEnergy #BatteryStorage

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Sacramento is quickly becoming a national player in the semiconductor space. Barry Broome of the Greater Sacramento Economic Council highlights how the region is attracting critical #semiconductor investments and positioning itself as a hub for advanced #manufacturing and innovation. This growing sector isn’t just good news for the local economy—it’s a strategic win for U.S. competitiveness and #supplychain resilience. Listen to the full interview below.

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How does network drive value in private equity investing? We sat down with private equity veteran and Partner, Global Co-Head of Private Equity, Goldman Sachs Asset Management Michael Bruun to discuss the current state of private equity. In the latest Alt Goes Mainstream AGM Unscripted podcast, Michael and I had a fascinating conversation about private equity, today’s investing environment, the hardest part about investing today, and how product innovation is impacting private equity’s market structure. We covered: ➡️ How investors can approach allocating to private equity today. ➡️ The toolkit required to generate returns in private equity today. ➡️ The importance of network and operating partners in value creation. ➡️ How new product innovation and new structures like evergreens and continuation vehicles are changing growth equity and private equity. ➡️ The importance of understanding macro in a new world order of geopolitics and a new world order of investing. ➡️ The skillsets that investors need to have to be a good investor in today’s investing environment. ➡️ The hardest part about investing today. Thanks Michael for sharing your wisdom, expertise, and passion about private equity. https://lnkd.in/evBthMD8

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I am excited to share that Oak Hill Capital has entered into an agreement to acquire Hunter Communications in an effort to accelerate their fiber-to-the-premises (FTTP) network expansion plan in Oregon and Northern California. Hunter is Oregon’s largest privately owned fiber-optic internet provider and currently provides more than 3,000 route miles of fiber network through approximately 100,000 locations and to more than 25,000 customers. This marks our 22nd investment in broadband communications, an area that we’ve been investing in for over 30 years and one that we believe is currently seeing increased demand, particularly for the types of tier II and tier III markets Hunter targets. With this acquisition, our digital infrastructure portfolio will consist of eight FTTP platforms that are active across 35 states, passing approximately five million locations with fiber and building more than one million new locations per year. Thank you to our Oak Hill team for their work on this transaction, as well as Michael Wynschenk and the rest of the Hunter team – we look forward to working closely with you to help continue delivering essential connectivity to customers in the Pacific Northwest. Learn more about this announcement here: https://lnkd.in/etc-xChm

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28 film projects were just awarded California Film Commission Tax Credits — further boosting our entertainment industry, creating thousands more jobs, and generating an added $562M for our economy. We're building on California's production legacy and ensuring the entire state benefits. 🔗 Read more: https://lnkd.in/gNPjHBwS #California #Movie #Film #Economy #Hollywood

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Last night, we closed Soundcore Capital Partners Fund III at $450 million — oversubscribed at the hard cap. 🚀 117 LPs. 12 countries. I am deeply grateful to every Fund III LP for the trust you placed in our team and our strategy. 11 years ago, I started Soundcore with a simple conviction: that small business owners in non‑discretionary service sectors deserved a respectful, operationally intensive partner — and that PE could be built the right way, from the ground up. There was no platform to leverage. No built‑in capital base to hire the talent this strategy demands. From the start, what existed was an unwavering conviction in the mission, a relentless work ethic, and a commitment to building this firm—step by step—into the very best in PE. Using the formula I created, we have built market‑leading platforms in highly fragmented, essential service sectors — long before it was fashionable to do so. Like any long journey, Soundcore was tested in ways I could not have anticipated. There were moments when staying the course was difficult and uncomfortable. What mattered most during those periods was resilience and integrity. Over the past several years, I spent countless hours on the road meeting with existing and prospective LPs — engaging in deep DD and thoughtful partnership discussions. The scrutiny made Soundcore better. More disciplined. More durable. At the same time, our team remained intensely focused on the portfolio and employees driving daily performance. Operationally, Fund III already reflects one of the most focused and active periods in our firm’s history: 👉 Five platforms built with over $540 million in revenue 👉 28 acquisitions completed 👉 17 acquisitions in 2025 alone — our most active year to date 👉 Meaningful expansion of our team, with deeper operational and investment expertise The LPs in Fund III were discerning and did the work. They conducted extensive DD and evaluated us based on data and firsthand reference work. We are grateful for their rigor and for their partnership mindset. We also diversified and strengthened our global LP base across public and corporate pensions, endowments, foundations, consultants, insurance companies, single family offices, fund of funds, multi-family offices, wealth managers, asset managers, and ultra-high net worth investors. We do not take that responsibility lightly. The close of Fund III is not a finish line — it is a mandate. Our focus remains singular: disciplined execution, operational value creation, and delivering performance consistent with the trust placed in us. To our LPs — thank you for your rigor, candor, and partnership. To the Soundcore team — your professionalism, resilience, and unwavering confidence in what we are building made this possible and I share this achievement with you. To my wife — thank you for the strength, patience, and support that made this journey possible. We move forward focused, proud, aligned, and accountable. Onward.

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The Los Angeles Times today examines Sacramento State’s move to the Football Bowl Subdivision - including its $975M projected economic impact tied largely to broadcast exposure and the use of Advertising Value Equivalency (AVE) to support that projection. Sal Della Monica provides industry perspective on why AVE is outdated and why modern communications requires measurable, defensible business outcomes, not assumptions tied to visibility. This is the standard shaping the future of our industry and the conversation we’re helping drive forward. Read the story here by Bill Shaikin: https://lnkd.in/eyWenuei

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Vertical Ventures Secures $51M Financing for SD Business Park Northmarq has arranged $51.25 million in acquisition financing for Rose Canyon Business Park in San Diego. Located on Morena Boulevard, the 15-building, 233,000-square-foot property was purchased by Vertical Ventures from an undisclosed seller. “This deal offered in-place rents significantly below market, and 50% rollover in the first year,” said Northmarq’s Nathan Prouty who arranged the […] Gillian Executive Search recruiters in construction management, real estate development, architecture

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