A consortium of investor completed a $228m investment in First Foundation.

A consortium of investor, including Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners and North Reef Capital, completed a $228m investment in First Foundation, a financial services firm. "On behalf of the entire Board of Directors and all of our outstanding employee partners at the Company, I want to welcome the very experienced and talented people who will be joining the Board of Directors and investing in our valuable franchise. With this meaningful strategic equity raise, I am confident we will be able to refocus our balance sheet, reduce multi-family concentrations over time, grow C&I platforms, increase ACL and materially strengthen earnings,” Scott F. Kavanaugh, First Foundation President and CEO.