Jim Reynolds: Chicago’s Newest Billion-Dollar Investment Banker

Jim Reynolds' Loop Capital Markets LLC inked its first billion-dollar deal.

Chicago’s Loop Capital Markets LLC, a minority-owned investment bank, beat out JPMorgan Chase & Co., Citigroup Inc. and Goldman Sachs Group Inc., to ink its first billion-dollar deal.

“When you crack the billion-dollar category, that’s like an NBA player scoring 40 points in a game,” says Jim Reynolds, founder and CEO of Loop Capital.

The investment bank has been hired as a lead bookrunner in a $1.3 billion note sale for the city of Los Angeles, Crain’s Chicago has reported. Reynolds said that the investment bank’s interest rates and fees in the Loop bid helped secure the deal.

In a statement, Miguel Santana, city administrative officer for Los Angeles, said, “The city of Los Angeles was proud to provide a boutique firm, such as Loop Capital, with the opportunity to serve as senior manager. Their high level of service and expertise resulted in an outstanding outcome for the city.”

Reynolds also said that the firm is working on several other billion dollar deals.

During a roundtable discussion at a previous Black Management Association’s conference, Reynolds, a graduate of Kellogg School of Business, (1982), told  the audience that traditional values were a necessity in a competitive industry.

“What I quickly learned was that certainly to be good at what you did was important,” Reynolds said, “but to have relationships with the folks that could get you hired was just as important.”

Reynolds was also one of the first black businessmen to support President Barack Obama’s campaign.

Read more about:

Also read

Screen Shot 2022-07-06 at 5.41
Ford's Sondra Phung determined to bring electric vehicles to Black households
Screen Shot 2022-07-06 at 5.48
Ford's Cynthia Williams gives Essence attendees her best advice for launching a career in EV
Dominika Parry
Jackson State University invites Dominika Parry to discuss impact renewable energy has on Black people
Jai Ferrell keeps Hartsfield-Jackson airport running in the black
IMG_4929 (2)
CEO Trina Terrell-Andrews helping thousands in the community
VP Tony Gladney increasing diversity at MGM Resorts International

Watch this video

What's new

yung miami
Host of 'Caresha Please' makes puzzling comment about Oprah
Jackson activist Maisie Brown says city still needs clean water
Kanye West
Kanye West's strange attempt to make peace with Kris Jenner