New York State Common Retirement Fund related stories
All articles and analysis
Palatine raises £150mThe Manchester-based GP, which has closed Fund II on its £150m hard-cap, had a re-up rate of nearly 100%, with more than half of investors coming from overseas.
- Friday Letter: Ban the politicians
The way to avoid any future ‘pay-to-play’ scandals is not to ban placement agents, as some public officials have called for, but rather to ban the politicians themselves from the investment process.
- Friday Letter The trouble with New York
Carlyle’s $20m settlement with New York’s attorney general prevents the potential for litigation against the firm and preserves its relationship with a major LP. But there are some troubling implications for the private placement industry.
- DGF targeting international LPs
DGF Investimentos has joined a growing group of Latin American private equity firms who have gone abroad for support, seeking $200m for its new offering.
- NY moves for permanent placement agent ban
New York Comptroller Thomas DiNapoli proposed legislation that would permanently ban the use of placement agents in New York’s $140bn pension fund.
- Aldus settles New York pension probe
Aldus Equity, founded by Saul Meyer, agreed to pay more than $6m to settle its case in New York's pension pay-to-play probe.
- Rattner faces industry bans from SEC, NY
New York and the SEC unveiled suits against former Quadrangle chief Steven Rattner, who may face a lifetime securities ban in New York for his alleged role in pension pay-to-play.
- New York commits $200m to Oaktree
New York State Common Retirement Fund made a re-up commitment to Howard Marks-led Oaktree Capital Management’s Opportunities Fund VIII.
- Former NY comptroller pleads guilty
Alan Hevesi pleaded guilty Thursday to a felony charge for his involvement in the New York State Common Retirement Fund pay-to-play scandal. Hevesi is the seventh individual to plead guilty in attorney general Andrew Cuomo’s ongoing pension fund investigation.