Rustic Canyon Bolsters LoopNet

Los Angeles-based venture capital investor Rustic Canyon Partners is part of a group investing $50M in private equity in San Francisco-based LoopNet, which operates an online marketplace for commercial real estate. According to LoopNet, Calera Capital, Trinity Ventures, and Rustic Canyon Partners are investing $50M in convertible preferred stock in the publicly held firm. According to LoopNet, the financing will provide it with additional resources in an "unprecedented market environment." More information »