New York State Common Retirement Fund related stories
All articles and analysis
Scandal-tied New Mexico reviews new commitmentsNew Mexico State Investment Council may place on hold $60m in commitments to funds being raised by Landmark and New Stone Capital as it investigates finder’s fees paid by private equity advisor Aldus Equity, which the endowment suspended following the emergence of an alleged New York State Common Retirement Fund pay-to-play scheme.
- Credit Suisse strengthens funds group
Eighteen individuals have joined the bank's ‘asset management institutional distribution team’ – which includes private equity fund placement and will be led from Europe by Remy Kawkabani – at a time when the value of placement agents is being called into question by some of the industry’s most influential players.
- New York state pension bans all placement agents
The state’s comptroller, Thomas DiNapoli, has banned the use of placement agents in investments with the $122bn pension, and has launched a review of pension investments with firms involved in the New York Common kick-back scandal. The Carlyle Group has agreed to stop using placement agents in connection with public pension funds.
- New York City comptroller calls for placement agent ban
William Thompson, New York City’s comptroller who controls the city's five combined pensions, has called a meeting of trustees of the five pensions to consider the ban. Thompson has also asked New York’s attorney general to investigate Quadrangle, to which the city's pensions committed $125m in 2005 and 2006.
- New York City comptroller investigates Quadrangle
William Thompson, the comptroller for New York City, is investigating whether Quadrangle Group ‘intentionally misled or deceived’ city pensions by withholding payments of finder’s fees to a company controlled by Henry Morris, who has been indicted in New York State’s $122bn pension kick-back scandal.
- New York brings more charges in pension kick-back scandal
Andrew Cuomo, the attorney general of New York, has accused a former political leader of collecting $800,000 in sham finder’s fees for directing pension investments to two private equity firms.
- Vicente expands debut fund to $165m
The Los Angeles-based firm has added the State of Connecticut and Credit Suisse to its list of investors.
- New York pension to invest $30m in Northern Ireland
The $153bn New York State Common Retirement Fund is planning to invest at least $30m in the emerging Northern Ireland economy, with two deals expected to be announced within the next few weeks.
- New York selects BofA to invest $200m
The $153bn pension allocated $200m to Bank of America for investments with emerging managers, and $350m to minority-owned Parish Capital as part of its emerging private equity managers programme.
- New York pension backs venture funds
The fund has earmarked $80m for three venture funds, including two re-ups and one new relationship.