New York State Common Retirement Fund related stories
All articles and analysis
Placement agents fight back with lobbying groupPlacement agents have formed a loose coalition in the US, as the SEC considers barring state pensions from interacting with them.
- New York Teachers’ commits $100m to Goldman spin-out
Energy Capital Partners II is targeting $3.5bn for energy infrastructure investments in North America.
- LPs struggle to tell placement agents from finders
As events in the US draw the conduct of placement agents into the limelight, research conducted by PEI Media shows that many LPs find it hard to tell the genuine article from the so-called 'finders'.
- Shifting shape
A new document from the New York attorney general reveals PCG saw its share of economics in a controversial co-investment vehicle drop dramatically after an employee switched to another firm and took control of the fund’s management. Chris Witkowsky explores.
- PCG to pay $2m to settle with New York in pension scandal
An affiliate of the California-based gatekeeper was a minority partner in a co-investment fund accused of kicking back illegal fees for a $750m commitment from New York State Common Retirement Fund.
- Riverstone co-founder is ‘continuing matter’ for Cuomo
In announcing a $30m ‘restitution’ to be paid by the private equity firm, the New York state attorney general today noted that the agreement does not include David Leuschen, one of Riverstone’s two co-founders. Cuomo promised that ‘new developments will be coming down the road’.
- Pension boss: ‘Placement agents serve a purpose’
As some US public pensions move to ban the use of placement agents, Mike Travaglini, the executive director of the $38bn Massachusetts PRIM, told PEO that these agents play a vital role in helping his small staff identify private equity opportunities.
- SEC widens kick-back probe to examine pensions, financial firms
Goldman, Credit Suisse, UBS and Merrill Lynch are reportedly among the firms from which the US financial regulatory agency has requested information about work done in exchange for fees.
- US government joins growing pay-to-play investigation
The US attorney in New Mexico is demanding documents from New Mexico’s $11.8bn State Investment Council relating to investment activity and specifically in connection to Aldus Equity, the embattled financial advisor caught up in pension pay-to-play scandal rocking the private equity world.
- Former Park Hill exec pleads guilty in kick-back scandal
Julio Ramirez, who left Blackstone-affiliated placement agent Park Hill in March, has pleaded guilty to securities fraud. The allegations stem from the time Ramirez was employed by Wetherly Capital, prior to joining Park Hill; Blackstone told PEO its internal investigation revealed no misconduct at Park Hill.