Riverstone Holdings related stories
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Wetherly settles with Cuomo, exits placement businessThe Los Angeles-based firm will pay $1m to the New York Common pension fund and has agreed to exit the placement business.
- California firms agree placement ban
In relation to the pay-to-play scandal, Ares and Freeman Spogli have signed on to New York Attorney General Andrew Cuomo’s code of conduct that prohibits the use of placement agents.
- SEC looked to muni rules in writing placement ban
The agency is seeking comments on rules that would prohibit placement agents from dealing with US public pensions. Among the revelations are that the private fund placement industry may be made to pay for the past sins of the US municipal bond market.
- Wetherly first placement firm to settle with Cuomo
The Los Angeles-based firm will pay $1m to the New York Common pension and has agreed to exit the placement business.
- Markstone to pay $18m to settle with Cuomo
New York Attorney General Andrew Cuomo has reached a deal in which Markstone will pay back all management fees related to the state's pension.
- Carlyle invests $250m in debut Brazilian buyout
Adding to the private equity momentum in Latin America’s largest economy, the firm will buy a majority stake in CVC Brasil, a major tour and travel company based in Santo Andre.
- Carlyle- and GS-backed Cobalt eyes $1bn listing
The oil and gas exploration platform, created in 2005 by a consortium including Carlyle, Goldman and First Reserve, hopes to fund its exploration activities despite having ‘no proved reserves’.
- Riverstone founder to pay $20m to resolve scandal probe
Riverstone has already paid $30m to settle its case in the ongoing New York Common pay-to-play investigation.
- Markstone co-founder pleads guilty in pension scandal
New York Attorney General Andrew Cuomo said Elliott Broidy paid nearly $1m in gifts to NY Common officials, including more than $90,000 to pay living expenses of one official's girlfriend.
- Cuomo seeks to convert NY Common to board model
New York Attorney General Andrew Cuomo has introduced legislation with several state senators to jettison the state’s single trustee model in favor of a board of trustees.